REG - eEnergy Group PLC - Award of Options and PDMR Transactions

EenergyAnnouncement

19/12/2024 13:45

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RNS Number : 8066Q  eEnergy Group PLC  19 December 2024

19 December 2024

 

 

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

 

Award of Options and PDMR Transactions

 

eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service and Energy
Management-as-a-Service business in the UK, announces that the Remuneration
Committee of the Board has approved the award of options to the executive
management team over a total of 3,900,000 ordinary shares of £0.03 each in
the capital of the Company (the "Options"). The Company consulted with its
leading institutional investors prior to making these awards and the feedback
from those investors has been reflected in the structure of the Option awards.

The Option awards have been made to incentivise, retain and align the wider
management team of the business to help drive shareholder value over the
longer term. The awards have been structured primarily to qualify for the tax
advantaged Enterprise Management Incentive ("EMI Share Options").

The awards of Options to executives who are Persons Discharging Managerial
Responsibilities are as follows:

  Name of Director/PDMR    EMI Share Options  Total shares under option  % of issued share capital
 John Gahan (Director)     2,500,000          2,500,000                  0.65%
 Abi Wall (PDMR)           1,400,000          1,400,000                  0.36%

 

Options vest evenly over a three-year vesting period. If the Share Price falls
in-between the figures specified below, the number of Shares in respect of
which the Option Vests and becomes Exercisable will be determined on a
straight-line (linear) basis, rounded down to the nearest whole number of
Shares. If the share price is less than 9.32p, none of the share options would
vest.

                             Less than 9.32p                                     9.32p                   13.00p                    15.80p
  John Gahan (Director)                            -                                     950,000                 2,100,000                    2,500,000
  Abi Wall (PDMR)                                   -                                    532,000                 1,176,000                    1,400,000

For further information, please visit www.eenergy.com (http://www.eenergy.com)
or contact:

 

 eEnergy Group plc                              Tel: +44 20 7078 9564
 Harvey Sinclair, Chief Executive Officer       info@eenergy.com (mailto:info@eenergy.com)

 John Gahan, Chief Financial Officer

 Strand Hanson Limited (Nominated Adviser)      Tel: +44 20 7409 3494
 Richard Johnson, James Harris

 Canaccord Genuity Limited (Broker)             Tel: +44 20 7523 8000
 Max Hartley, Harry Pardoe (Corporate Broking)

 Tavistock                                      Tel: +44 207 920 3150
 Jos Simson, Simon Hudson, Katie Hopkins        eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

About eEnergy Group plc

eEnergy (AIM: EAAS) is revolutionising the path to Net Zero as a leading
digital energy services provider for B2B and public sector organisations. We
eliminate the barriers to clean energy generation and energy waste reduction,
offering solutions that don't require upfront capital investment. Our vision
is clear: make Net Zero possible and profitable for every organisation.

 

Our primary services include:

·      Reduce: LED lighting and controls

·      Generate: Solar PV, ground mount, rooftop, and carport

·      Charge: EV charging and management software

 

All eEnergy's services come with intelligent circuit-level energy analytics
and are funded through NatWest or Siemens to provide an off-balance
sheet-compliant energy-as-a-service solution.

 

eEnergy has completed over 1,100 decarbonisation projects within the B2B and
public sector. We are #1 in the education sector, having worked with over 840
schools, installing over half a million LED lights, and improving the learning
environment for over 443,000 students-enough to fill Wembley Stadium almost
five times over. In one year alone, eEnergy has saved the education sector
£13 million in energy costs. With over 70% of schools yet to transition to
LED lighting and over 90% yet to deploy solar, eEnergy estimates that at least
£5.4 billion would need to be invested to install adequate rooftop solar, LED
lighting, and EV charging infrastructure in UK schools.

 

eEnergy is a market leader within the education sector and has been awarded
the Green Economy Mark by the London Stock Exchange.

 

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