REG - Tekmar Group PLC - Grant of Share Options

TekmarAnnouncement

07/05/2026 12:45

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RNS Number : 4649D  Tekmar Group PLC  07 May 2026

Tekmar Group plc

("Tekmar", the "Company" or the "Group")

 

Grant of Share Options

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology
and offshore energy services, announces that the Group has established a share
option plan which has granted share options on 6 May 2026 (the "May 2026
Plan", the "Plan") to certain directors of the Group ("Directors") and other
Persons Discharging Managerial Responsibility ("PDMR") employees.

 

Background to and Key Terms of the Share Option Plan

 

Richard Turner, CEO, and Phil Lanigan, CFO, have been granted share options as
part of the contractual arrangements put in place when they respectively
joined the business and also to incentivise and align their performance with
the interests of the Company's shareholders.

 

Richard Turner has been granted the following share options under the Plan:

-      2,750,000 share options at an exercise price of 9.50p, being the
average share price for the three-month period prior to his start date in
September 2024; and

-      1,650,000 share options at an exercise price of 20.00p.

 

Phil Lanigan has been granted 708,334 share options under the Plan at an
exercise price of 5.74p, again being the average share price for the
three-month period prior to his start date in August 2025.

 

Under the Plan, the options granted in May 2026 may be exercised at the
relevant exercise price at any date after 1 October 2027 for Richard Turner's
share options and after 1 September 2028 for Phil Lanigan's share options. The
exercise dates represent three full years from when the individuals commenced
their employment with the Company.

 

As part of establishing the May 2026 Plan, share option grants have also been
awarded to certain PDMRs, with the exercise price for these options being the
current market price at close of business on 6 May 2026.

 

Under the Plan, the options granted in May 2026 may be exercised at the
relevant exercise price at any date after 7 May 2029 provided that the
individuals remain employed at that date.

 

The share options under the Plan (the "New Share Options") represent 5,783,334
shares in aggregate, equivalent to 4.14% of the Company's current issued share
capital of 139,551,387. Total ordinary shares under option (including the New
Share Options) represent 8.2% of the Company's current issued share capital.

 

The relevant Director / PDMR Notification is set out further below.

 

Enquiries:

 

 Tekmar Group plc                                              c/o +44 (0)20 4582 3500
 Richard Turner, CEO

 Phil Lanigan, CFO

 Cavendish Capital Markets Limited (Nomad and Broker)          +44 (0)131 220 9772
 Peter Lynch

                                                             +44 (0)131 220 9771
 Neil McDonald

                                                             +44 (0)131 220 9775
 Pearl Kellie

 Gracechurch Group (Financial Media & Investor Relations)      +44 (0)20 4582 3500

 Murdo Montgomery

 Alexis Gore

 

About Tekmar Group plc

 

Tekmar Group plc is a leading provider of asset protection technology and
offshore energy services, supporting the global energy transition and marine
infrastructure markets.

 

Operating across two core divisions - Asset Protection Technology and Offshore
Energy Services - the Group delivers proprietary, engineering-led solutions
that protect, stabilise and extend the life of critical offshore assets,
including offshore wind farms, subsea interconnectors, oil and gas
infrastructure, and ports and harbours.

 

With 40 years of experience, Tekmar has delivered asset protection and
stabilisation solutions to more than 120 offshore wind projects across 25
countries, supporting over 40GW of installed capacity globally. The Group has
deployed over 12,000 cable protection systems, supplied more than 100,000
subsea stabilisation products, and delivered in excess of 300,000 geotechnical
and analysis hours, underpinned by a team of specialist engineers across
multiple disciplines.

 

Through continuous innovation and scalable engineering and manufacturing
capability, Tekmar supports increasingly complex offshore energy and marine
infrastructure developments worldwide.

 

Headquartered in Newton Aycliffe, UK, Tekmar Group operates internationally
with offices, manufacturing facilities, strategic supply partnerships and
representation across Europe, Africa, the Middle East, Asia- Pacific and North
America.

 

For more information visit: www.tekmargroup.com (http://www.tekmargroup.com/)

 

 

 

Director / PDMR Notification

 

 1   Details of the person discharging managerial responsibility/person closely
     associated
 a)   Name                                                        Richard Turner
 2   Reason for the notification
 a)  Position/status                                              Chief Executive 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 options under the Share Option Plan
 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
     £0.095                                                                                  2,750,000
                                                                  £0.20                      1,650,000
 d)  Aggregated information
     Aggregated volume                                            NA
     Price                                                        NA
 e)  Date of transaction                                          6 May 2026
 f)  Place of transaction                                         Outside a trading venue

 

 

 1   Details of person discharging managerial responsibility/person closely
     associated
 a)   Name                                                        Philip Lanigan
 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 options under the Share Option Plan
 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
     £0.0574                                                                                 708,334
 d)  Aggregated information
     Aggregated volume                                            NA
     Price                                                        NA
 e)  Date of transaction                                          6 May 2026
 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
 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 options under the Share Option Plan
 c)  Price(s) and volume(s)                                       Price(s)                     Volume(s)
     £0.1315                                                                                  405,000
 d)  Aggregated information
     Aggregated volume                                            NA
     Price                                                        NA
 e)  Date of transaction                                          6 May 2026
 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                                              Group Sales Director
 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 options under the Share Option Plan
 c)  Price(s) and volume(s)                                       Price(s)                     Volume(s)
     £0.1315                                                                                  135,000
 d)  Aggregated information
     Aggregated volume                                            NA
     Price                                                        NA
 e)  Date of transaction                                          6 May 2026
 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                                              Director Engineering Services
 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 options under the Share Option Plan
 c)  Price(s) and volume(s)                                       Price(s)                     Volume(s)
     £0.1315                                                                                  135,000
 d)  Aggregated information
     Aggregated volume                                            NA
     Price                                                        NA
 e)  Date of transaction                                          6 May 2026
 f)  Place of transaction                                         Outside a trading venue

 

 

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