REG - Kistos Holdings PLC - Grant of Awards - Equity Incentive Plan

Kistos HoldingsAnnouncement

04/03/2025 07:15

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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                                     via Hawthorn Advisors

 Andrew Austin / Peter Mann

 Panmure Liberum  (NOMAD, Joint Broker)                  Tel: 0207 886 2500

 James Sinclair-Ford / Dougie McLeod  / Mark Murphy

 Berenberg (Joint Broker)                                Tel: 0203 207 7800

 Matthew Armitt / Ciaran Walsh

 Hawthorn Advisors (Public Relations Advisor)            Tel: 0203 745 4960

 Henry Lerwill / Simon Woods

 Camarco (Public Relations Advisor)                      Tel: 0203 757 4983

 Billy Clegg

 

 

www.kistosplc.com (http://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,   Ordinary shares of £0.1 each

     type  of

     instrument                                  ISIN:  GB00BLF7NX68

     Identification code

 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

Price(s)  Volume(s)
     - Aggregated volume                         £0        659,789

     - Price
 e)  Date of the transaction                     1 March 2025

 f)  Place of the transaction                    N/A

 g)  Additional Information                      N/A

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,   Ordinary shares of £0.1 each

     type  of

     instrument                                  ISIN:  GB00BLF7NX68

     Identification code

 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

Price(s)  Volume(s)
     - Aggregated volume                         £0        595,790

     - Price
 e)  Date of the transaction                     1 March 2025

 f)  Place of the transaction                    N/A

 g)  Additional Information                      N/A

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,   Ordinary shares of £0.1 each

     type  of

     instrument                                  ISIN:  GB00BLF7NX68

     Identification code

 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

Price(s)  Volume(s)
     - Aggregated volume                         £0        423,585

     - Price
 e)  Date of the transaction                     1 March 2025

 f)  Place of the transaction                    N/A

 g)  Additional Information                      N/A

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

 

 

 

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