REG - Esken Limited - Director/PDMR Shareholding

EskenAnnouncement

22/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211222:nRSV4110Wa&default-theme=true

RNS Number : 4110W  Esken Limited  22 December 2021

22 December 2021

Esken Limited

("Esken" and the "Company")

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

LTIP Awards in respect of FY22

Esken has granted long-term incentive awards in respect of the financial year
ended 28 February 2022 over its ordinary shares under the Esken Limited Long
Term Incentive Plan 2020 (the "LTIP"), as follows:

 

 Name                                                      Number of shares subject to award
 Nick Dilworth, Chief Operating Officer (200% of salary)   4,820,144(1)

 Lewis Girdwood, Chief Financial Officer (200% of salary)  4,820,144(1)

 

1 The number of shares comprised in awards have been based on a price for
Esken's ordinary shares of 13.9 pence (being the average price in the
three-day period leading up to the Remuneration Committee's meeting approving
the awards.

 

As with the awards in respect of the Company's 2021 financial year made in
September 2021, the Remuneration Committee of the Company has approved a
wholly TSR-based performance measure for these awards on the basis that this
would be closely aligned to shareholder interests. The performance targets
attached to these awards are linked to an increase in the price of the
Company's ordinary shares measured over the Company's 2022, 2023 and 2024
financial years (i.e. from 1 March 2021 to 28 February 2024), subject to a
general financial performance underpin, as set out in the table below (with
straight-line vesting between these points):

 

 Vesting          Esken's share price
 25% of maximum   a share price of 20.0p at vesting
 100% of maximum  a share price of 30.0p at vesting

 

In assessing whether or not a particular share price has been achieved the
Remuneration Committee will  also take in to account the per share value of
any dividend paid on ordinary shares during the performance period assuming
that the dividend was reinvested into ordinary shares on the ex-dividend date.

Enquiries:

 Esken Limited                                 C/O Tulchan Communications

 Charlie Geller, Communications Director

 C/O Tulchan Communications

 Tulchan Communications                        020 7353 4200

 Olivia Peters/David Allchurch/Giles Kernick   esken@tulchangroup.com

 

 

 

FY22 LTIP awards

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 (a)  Name

                                                                   (i) Nick Dilworth

                                                                   (ii) Lewis Girdwood
 2    Reason for the notification

 (a)  Position/Status

                                                                   (ii) Chief Operating Officer

                                                                   (iii) Chief Financial Officer
 (b)  Initial notification / Amendment                             Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor

 (a)  Name                                                         Esken Limited
 (b)  LEI                                                          213800BINQVRZFKA3E89
 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 10p each in the capital of Esken Limited

      Identification Code                                          ISIN: GB00B03HDJ73

 (b)  Nature of the transaction                                    Grant of FY22 awards under the Esken Limited Long Term Incentive Plan 2020

 (c)  Price(s) and volume(s)                                       Price: Nil                              Volumes:

                                                                                                           (i) 4,820,144

                                                                                                            (ii) 4,820,144

 (d)  Aggregated Information                                       N/A

      - Aggregated Volume

      - Price
 (e)  Date of the Transaction                                      21 December 2021
 (f)  Place of the Transaction                                     Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHEAPAFAFPFFFA