RNS Number : 3372C
Tekmar Group PLC
26 March 2025
Tekmar Group plc
("Tekmar", the "Group" or the "Company")
Grant of Conditional Share Options
Tekmar Group plc, the leading provider of technology and services for the global offshore energy markets, announces that the Group has established a share option plan (the "Share Option Plan" or "Plan"), and has awarded share options to the executive directors, other PDMRs and certain other employees of a total of 288,162 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is intended to further motivate the senior team and to retain talented individuals. The share options have been awarded subject to certain conditions which are summarised below and shall vest on 25 March 2027 ("Vesting Date").
The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options:
Name
Position
Number of Share Option Plan options granted
Total interest in Ordinary Shares (No.)
Total interest in Ordinary Shares (%)
Leanne Wilkinson
Chief Financial Officer, Tekmar Group plc
72,040
614,130
0.45%
Marc Bell
Chief Operating Officer, Tekmar Group plc
43,224
466,667
0.34%
Fraser Gibson
Managing Director, Ryder
43,224
111,711
0.08%
Gary Howland
Sales Director, Tekmar Group plc
28,816
126,438
0.12%
Tallulah Whitewood-Spedding
General Counsel and Company Secretary, Tekmar Group plc
21,612
0
0%
Conditions
Options have been awarded according to two performance criteria assessed against the Group's performance over FY24. Options were allocated equally between the two criteria, measuring performance by EBITDA and free cashflow.
On the Vesting Date, individuals will be entitled to acquire shares at the exercise price of 6.22p provided that they remain employed at that date.
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1
Details of the person discharging managerial responsibility / person closely associated
a)
Name
Leanne Wilkinson
2
Reason for the notification
a)
Position/status
Chief Financial Officer, Tekmar Group plc
b)
Initial notification/amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tekmar Group plc
b)
LEI
213800839UQKQTV33E71
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 £0.01 each
Identification code
GB00BDFGGK53
b)
Nature of transaction
Grant of conditional options under the Share Option Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.01
72,040
d)
Aggregated information
Aggregated volume
NA
Price
NA
e)
Date of transaction
25.03.2025
f)
Place of transaction
Outside a trading venue
1
Details of the person discharging managerial responsibility / person closely associated
a)
Name
Marc Bell
2
Reason for the notification
a)
Position/status
Chief Operating Officer, Tekmar Group plc
b)
Initial notification/amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tekmar Group plc
b)
LEI
213800839UQKQTV33E71
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 £0.01 each
Identification code
GB00BDFGGK53
b)
Nature of transaction
Grant of conditional options under the Share Option Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.01
43,224
d)
Aggregated information
Aggregated volume
NA
Price
NA
e)
Date of transaction
25.03.2025
f)
Place of transaction
Outside a trading venue
1
Details of the person discharging managerial responsibility / person closely associated
a)
Name
Fraser Gibson
2
Reason for the notification
a)
Position/status
Managing Director, Ryder
b)
Initial notification/amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tekmar Group plc
b)
LEI
213800839UQKQTV33E71
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 £0.01 each
Identification code
GB00BDFGGK53
b)
Nature of transaction
Grant of conditional options under the Share Option Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.01
43,224
d)
Aggregated information
Aggregated volume
NA
Price
NA
e)
Date of transaction
25.03.2025
f)
Place of transaction
Outside a trading venue
1
Details of the person discharging managerial responsibility / person closely associated
a)
Name
Gary Howland
2
Reason for the notification
a)
Position/status
Sales Director, Tekmar Group plc
b)
Initial notification/amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tekmar Group plc
b)
LEI
213800839UQKQTV33E71
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 £0.01 each
Identification code
GB00BDFGGK53
b)
Nature of transaction
Grant of conditional options under the Share Option Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.01
28,816
d)
Aggregated information
Aggregated volume
NA
Price
NA
e)
Date of transaction
25.03.2025
f)
Place of transaction
Outside a trading venue
1
Details of the person discharging managerial responsibility / person closely associated
a)
Name
Tallulah Whitewood-Spedding
2
Reason for the notification
a)
Position/status
General Counsel and Company Secretary, Tekmar Group plc
b)
Initial notification/amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tekmar Group plc
b)
LEI
213800839UQKQTV33E71
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 £0.01 each
Identification code
GB00BDFGGK53
b)
Nature of transaction
Grant of conditional options under the Share Option Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.01
21,612
d)
Aggregated information
Aggregated volume
NA
Price
NA
e)
Date of transaction
25.03.2025
f)
Place of 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 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
DSHJFMBTMTITBFA
