REG - Eneraqua Technolgs. - Grant of Share Options

Eneraqua TechnologiesAnnouncement

21/11/2024 14:15

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RNS Number : 2074N  Eneraqua Technologies PLC  21 November 2024

21 November 2024

Eneraqua Technologies plc

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

 

Grant of Share Options

 

Eneraqua Technologies plc, a provider of specialist energy and water
efficiency solutions, announces that on 21 November 2024, it granted share
options ("Options") over 210,000 ordinary shares of 1 pence each ("Ordinary
Shares") to John Samuel, Chief Financial Officer.

The Options have an exercise price of 50.0 pence and will vest the third
anniversary of the grant of the awards, subject to the grantee's continued
service and to the extent to which the performance conditions set for the
awards are satisfied.

The performance vesting of up to a distinct 50 percent. of each award will be
dependent on the Company's total shareholder return ("TSR") performance over
the three year period following the grant of the award relative to the TSR
performance (over the same period) of the constituents of the FTSE AIM 100 as
at the grant of the award. Sliding scale targets apply.

 

The performance vesting of up to the other 50 percent. of the award will be
dependent on the Company's adjusted earnings per share for the financial year
ending 31 January 2027. Sliding scale targets apply.

 

In respect of each of the above measures, an environmental, social and
governance related underpin measure also applies, with a commitment on
reducing the level of the Company's Scope 1 emissions over the three-year
period.

 

 

 For further information please contact:

 Eneraqua Technologies plc                          Via Alma

 Mitesh Dhanak, Chief Executive Officer

 John Samuel, Chief Financial Officer

 Panmure Liberum Limited (Nomad and Joint Broker)   Tel: 0203 100 2000

 Edward Mansfield

 John More

 Singer Capital Markets (Joint Broker)              Tel: 020 7496 3000

 Sandy Fraser

 Asha Chotai
 Alma Strategic Communication (Financial PR)

 Justine James                                      Tel: 020 3405 0205

 Andy Bryant                                        eneraqua@almastrategic.com

 Will Ellis Hancock

 Emma Thompson

 

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water
efficiency. The Group has two divisions energy and water. Energy is the larger
division, with the Company focused on clients with end of life gas, oil or
electric heating and hot water systems. The Group provides turnkey retrofit
district or communal heating systems based either on high-efficiency gas or
ground/air source heat pump solutions that support Net Zero and
decarbonisation goals.

 

The water division is a growing service offering focused on water efficiency
upgrades for utilities and commercial clients including hotels and care homes.

 

The activities in both divisions are underpinned by the Company's wholly-owned
intellectual property, the Control Flow HL2024 family of products which reduce
water wastage and improve the performance of heating and hot water systems.

 

The Company's main country of operation is the United Kingdom. The Company's
head office is based in London with additional offices in Leeds, Washington
(Sunderland), India, Spain and the Netherlands. The Company has 168 employees,
with the majority employed within the UK. Eneraqua Technologies has received
the London Stock Exchange's Green Economy Mark.

 

To find out more, please visit:  www.eneraquatechnologies.com
(http://www.eneraquatechnologies.com)

 

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         John Samuel
 2   Reason for Notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Eneraqua Technologies plc
 b)  LEI                                                          21380045T7LPP2T83245
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of 1 pence each in Eneraqua Technologies plc

     Identification code

                                                                  GB00BNYDGM91
 b)  Nature of the transaction                                    Grant of options over Ordinary Shares under the Eneraqua Technologies plc Long
                                                                  Term Incentive Plan at an option price of 50 pence per Ordinary Share.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            50        210,000

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transaction

     -  Price
 e)  Date of the transaction                                      20 November 2024
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transaction

e)

Date of the transaction

20 November 2024

f)

Place of the transaction

Outside of a trading venue

 

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