Sabien Technology - Issue of shares to directors & broker

Sabien Technology

11/06/2026 07:00

RNS Number : 8407H
  
Sabien Technology Group PLC
  
11 June 2026
  
 


11 June 2026
 
Sabien Technology Group Plc
("Sabien", the "Company" or the "Group")
 
Issue of shares to settle directors' remuneration and broker fees
 
Sabien Technology Group plc (AIM: SNT), the manufacturer and provider of energy reduction technologies, announces the issue of new ordinary shares of 3p each in the capital of the Company ("Ordinary Shares") to the Sabien board of directors (the "Board" or the "Directors") as well as to the Company's broker, AlbR Capital Limited.
 
Board Shares
 
As announced by the Company on 2 June 2026, the Board agreed in principle to capitalise accrued FY26 directors' remuneration totalling approximately £179,409 through the issue of new Ordinary Shares at a deemed price of 6 pence per new Ordinary Share, subject to the necessary corporate approvals. This follows the Company's notification on 19 November 2024, where it was noted that as part of the Company's ongoing cost strategy it reserves the right in the future to issue new Ordinary Shares to the Board in satisfaction of their outstanding remuneration.
 
Accordingly, in total, 2,990,150 new Ordinary Shares have been issued to the Board (the "Board Shares") at a deemed issue price of 6 pence per new Ordinary Share. The following amounts will be settled in new Ordinary Shares with fractional entitlements rounded down:
 




DIRECTOR


COUNTERPARTY


OUTSTANDING REMUNERATION
£


PRICE PER NEW ORDINARY SHARE PENCE


NEW ORDINARY SHARES ISSUED


TOTAL BENEFICIAL INTEREST POST ISSUE


PERCENTAGE OF ENLARGED SHARE CAPITAL OF ADMISSION
 




Richard Parris


Parris Group Limited


75,000


6


1,250,000


8,390,175


26.45%




Edward Sutcliffe


TVI Group Limited


29,409


6


490,150


963,568


3.04%




Charles Goodfellow


Woodlands Lery Limited


30,000


6


500,000


1,071,695


3.38%




Ranald
McGregor-Smith


Bridgend Finance Limited


45,000


6


750,000


1,457,542


4.59%












179,409






2,990,150












 
Any VAT payable on the remuneration will be paid in cash.
 
Broker Shares
 
In addition, as outlined in the Company's announcement on 2 June 2026, the Company's broker, AlbR Capital Limited, agreed to accept settlement for £40,000 of accrued broker fees via the issue of new Ordinary Shares.  Accordingly, 1,066,666 new Ordinary Shares have been issued to AlbR Capital Limited ("Broker Shares") at a deemed issue price of 3.75 pence per new Ordinary Share.
 
Admission to trading on AIM
​

Application will be made to the London Stock Exchange plc for the 4,056,816 new Ordinary Shares to be admitted to trading on AIM ("Admission").
 
It is currently anticipated that Admission will become effective and that dealings in the 4,056,816 new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 16 June 2026.
 
Total voting rights
​

On Admission, the Company will have 31,725,958 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares in issue and voting rights will be 31,725,958 and this figure may be used by Shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is set out at the end of this announcement.
 




For further information:
 
Sabien Technology Group plc
Richard Parris, Executive Chairman 
 


 
+44 20 7993 3700
investors@sabien.com 




Allenby Capital Limited (Nominated Adviser)
John Depasquale / Nick Harriss / Vivek Bhardwaj
 


 
+44 203 328 5656
 




AlbR Capital Limited (Broker)
Duncan Vasey / Lucy Williams 
 


+44 207 469 0930




 
About Sabien Technology Group plc
Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions.
 
The Sabien Technology Group plc holds the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services.
 
Website: www.sabien.com
 




1


 Details of the person discharging managerial responsibilities / person closely associated




a)


Name






Name


Position




Richard Parris


Executive Chairman




Edward Sutcliffe


Chief Financial Officer




Charles Goodfellow


Non-Executive Director




Ranald McGregor-Smith


Non-Executive Director









2


Reason for the notification




a)


Position/status


See above.
 




b)
 


Initial notification /Amendment


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Sabien Technology Group Plc




b)


LEI


213800S5QG1SMGHFHY68




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 3 pence each in Sabien Technology Group Plc ("Ordinary Shares") 
 
Identification code (ISIN) for Sabien Technology Group Plc ordinary shares: GB00BN6JG812 




b)


Nature of the transaction


Issue of new Ordinary Shares
 




c)


Price(s) and volume(s)






Name


Number of new Ordinary Shares


Price




Richard Parris


1,250,000


6 pence




Edward Sutcliffe


490,150


6 pence




Charles Goodfellow


500,000


6 pence




Ranald McGregor-Smith


750,000


6 pence









d)


Aggregated information
- Aggregated volume
- Price


 
-       See above
-       See above




e)


Date of the transaction


10 June 2026




f)


Place of the transaction


Outside a trading venue




 




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