Grant of Awards - Equity Incentive Plan

Kistos Holdings

04/03/2025 07:00

RNS Number : 1787Z

Kistos Holdings PLC

04 March 2025

 

Kistos Holdings plc

("Kistos" or the "Company")

Grant of Awards under the Kistos Holdings Plc 2021 Equity Incentive Plan (the "Plan")

Under the established Kistos Holdings Plc 2021 Equity Incentive Plan, the following grant of awards have been made, being the LTIP (Long Term Incentive Plan) Awards and Bonus RSU (Restricted Stock Unit) Awards.

Performance-based Restricted Share Unit Awards (the "LTIP Awards")

On 1 March, the Company granted LTIP Awards over a total of 1,691,639 Ordinary Shares under the Plan, including 1,427,124 to the following Executive Directors:

Executive Director / PDMR
Role
Number of Ordinary Shares over which LTIP Awards are granted
Andrew Austin
Executive Chairman
543,666
Peter Mann
Chief Executive Officer
475,708
James Thomson
Chief Financial Officer
407,750

 

The number of Ordinary Shares over which the LTIP Awards were granted was based on a percentage of base salary, converted into a number of Ordinary Shares using a share price of the average mid-market closing share price for the five business days prior to the commencement date (1 January 2025), as derived from the London Stock Exchange daily official list. Shares subject to the Award shall be eligible to vest on the third anniversary of the commencement date.

In summary, the vesting of the LTIP Awards is dependent on continued employment and the achievement of performance conditions against certain Total Shareholder Return (TSR) and strategic targets, tested over a three year performance period from the commencement date.

Bonus Restricted Share Unit Awards (the "Bonus RSU Awards")

The Remuneration Committee has decided to defer a portion of the 2024 bonus outcome, in lieu of cash, into an award to be granted as Bonus RSU Awards.

On 1 March, the Company granted Bonus RSU Awards over a total of 367,685 Ordinary Shares under the Plan, including 252,040 to the following Executive Directors:

 

 

Executive Director / PDMR
Role
Number of Ordinary Shares over which Bonus RSU Awards are granted
Andrew Austin
Executive Chairman
116,123
Peter Mann
Chief Executive Officer
120,082
James Thomson
Chief Financial Officer
15,835

 

The number of Ordinary Shares over which the Bonus Awards were granted was based on a proportion of annual bonus, converted into a number of Ordinary Shares using the same methodology as for the LTIP Awards.

The Bonus RSU Awards vest over a two-year period, one-third vesting on the first anniversary of the commencement date and the remaining two-thirds on the second anniversary of the commencement date. 

The notifications set out at the end of this announcement, made in accordance with UK MAR, provide further detail in relation to the LTIP Awards and Bonus RSU Awards granted.

Enquiries

 

Kistos Holdings plc
Andrew Austin / Peter Mann
via Hawthorn Advisors
Panmure Liberum (NOMAD, Joint Broker)
James Sinclair-Ford / Dougie McLeod / Mark Murphy
Tel: 0207 886 2500
Berenberg (Joint Broker)
Matthew Armitt / Ciaran Walsh
Tel: 0203 207 7800
Hawthorn Advisors (Public Relations Advisor)
Henry Lerwill / Simon Woods
Tel: 0203 745 4960
Camarco (Public Relations Advisor)
Billy Clegg
Tel: 0203 757 4983

 

 

www.kistosplc.com 

 

 

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

 

The below notifications are made in accordance with the requirements of UK MAR.

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Andrew Austin
Reason for the notification
a)
Position/status
Executive Chairman
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Kistos Holdings plc
b)
LEI
213800L2ET5KEP3OMV07
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
Identification code
Ordinary shares of £0.1 each
ISIN: GB00BLF7NX68
b)
Nature of the transaction
Grant of two restricted share unit awards under the Company's 2021 Equity Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
543,666
£0
116,123
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
£0
659,789
e)
Date of the transaction
1 March 2025
f)
Place of the transaction
N/A
g)
Additional Information
N/A

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Peter Mann
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Kistos Holdings plc
b)
LEI
213800L2ET5KEP3OMV07
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
Identification code
Ordinary shares of £0.1 each
ISIN: GB00BLF7NX68
b)
Nature of the transaction
Grant of two restricted share unit awards under the Company's 2021 Equity Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
475,708
£0
120,082
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
£0
595,790
e)
Date of the transaction
1 March 2025
f)
Place of the transaction
N/A
g)
Additional Information
N/A

 

 

 

 

 

 

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Thomson
Reason for the notification
a)
Position/status
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
Kistos Holdings plc
b)
LEI
213800L2ET5KEP3OMV07
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
Identification code
Ordinary shares of £0.1 each
ISIN: GB00BLF7NX68
b)
Nature of the transaction
Grant of an option, and two restricted share unit awards under the Company's 2021 Equity Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
407,750
£0
15,835
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
£0
423,585
e)
Date of the transaction
1 March 2025
f)
Place of the transaction
N/A
g)
Additional Information
N/A

 

 

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 or visit 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.

 
  END

 

 
DSHUPUMCWUPAGRW