REG - Mincon Group Plc - Director/PDMR Shareholding

MinconAnnouncement

15/03/2024 07:00

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RNS Number : 9471G  Mincon Group Plc  15 March 2024

Mincon Group plc

("Mincon" or the "Company")

 

Director / PDMR Shareholding

 

 

The Company announces that on 14 March 2024, it granted options over ordinary
shares of nominal value €0.01 each in the capital of the Company ("Ordinary
Shares") to certain employees pursuant to the Company's 2022 Long Term
Incentive Plan (the "Plan").

 

Options over an aggregate of 2,860,000 Ordinary Shares (the "Options") have
been granted under the Plan, exercisable at a price of €0.52 each, being the
share price at the time of grant. The Options will vest on the third
anniversary of the award date, subject to the achievement of specified
performance conditions (see below). Vested Options will expire if they have
not been exercised after seven years from the date of grant.

 

The Options will vest subject to the satisfaction of the following performance
conditions: (i) 50% of the Options will vest on the achievement by the Company
of a compound annual growth rate ("CAGR") in Earnings Per Share ("EPS")
greater than or equal to 25% over the three financial years ending on 31
December 2026; and (ii) 50% of the Options will vest on the achievement by the
Company of a Return on Capital Employed ("ROCE") of greater than or equal to
13% for the financial year ended 31 December 2026.

 

Details of the grants of Options over Ordinary Shares to persons discharging
managerial responsibilities are set out in the table at the end of this
announcement.

 

Ends

 

15 March 2024

 

Mincon Group plc                    Tel: +353 (61) 361 099

Joe Purcell CEO

Mark McNamara CFO

 

Davy Corporate Finance

(Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker) Tel:
+353 (1) 679 6363

Anthony Farrell

Daragh O'Reilly

 

Shore Capital (Joint Broker)     Tel: +44 (0) 20 7408 4090

Malachy McEntyre

Mark Percy

Daniel Bush

 

 

 

 

Notification of Transactions by Persons Discharging Managerial
Responsibilities and Persons Closely Associated with them

 

 This form is required for disclosure of transactions under Article 19 of
Regulation (EU) No 596/2014 of the European Parliament and of the Council of
16 April 2014 on market abuse (Market Abuse Regulation)

 

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

 a)  Name

                                                 Mark McNamara
 2   Reason for the notification

 a)  Position/status

                                                 Chief Financial Officer / PDMR

 b)  Initial Notification Amendment

                                                 Initial Notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                        Mincon Group plc

 b)  LEI                                         635400LCBSV68KQHN886

 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                                    Options to subscribe for Ordinary Shares of Nominal Value €0.01 each.

     instrument

     Identification code                         ISIN:     IE00BD64C665
 b)  Nature of the transaction

                                                 Grant of Options to subscribe for new Ordinary Shares under the Mincon Group
                                                 plc Long Term Incentive Plan 2022. Options shall vest over a three year
                                                 period, subject to the satisfaction of performance conditions.

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                 €0.52     200,000
 d)  Aggregated information

     - Aggregated volume                         N/A

     - Price

                                                 N/A

 e)  Date of the transaction

                                                 14 March 2024

 f)  Place of the transaction

                                                 Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

 

N/A

 

 

e)

Date of the transaction

 

14 March 2024

 

f)

Place of the transaction

 

Outside a trading venue

 

 

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