REG - Tekmar Group PLC - Grant of Share Options

TekmarAnnouncement

07/05/2026 12:45

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RNS Number : 4662D  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

 

Steve Lockard has been a non-executive director of Tekmar since April 2023,
joining the Board at the time of SCF Partners' investment in the Group, where
Steve was a co-investor. Steve subsequently assumed the role of Chair in June
2024. Steve brings a wealth of experience in the offshore energy sector and
brings valuable insight to the Group's value creation and platform building
strategy, both organically and through M&A.

 

To reflect Steve's significant Board level contribution, and to align his
involvement with the interests of the Company's shareholders, Steve has been
granted 1,500,000 share options under the Plan with the following conditions:

-      500,000 share options at an exercise price of 1.00p exercisable
from date of grant;

-      500,000 share options at an exercise price of 5.00p exercisable
from date of grant; and

-      500,000 share options at an exercise price of 5.00p exercisable
after the share price has exceeded 19.99p.

 

The share options under the Plan (the "New Share Options") represent 1,500,000
shares in aggregate, equivalent to 1.07% of the Company's current issued share
capital of 139,551,387. Total ordinary shares under option (including the New
Share Options and those Share Options announced earlier on 7 May 2026)
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 collaborates with its partners to deliver robust and
sustainable engineering led solutions that enable the world's energy
transition.

 

Through our Offshore Energy and Marine Civils Divisions we provide a range of
engineering services and technologies to support and protect offshore wind
farms and other offshore energy assets and marine infrastructure. With near 40
years of experience, we optimise and de-risk projects, solve customer's
engineering challenges, improve safety and lower project costs. Our
capabilities include geotechnical design and analysis, simulation and
engineering analysis, bespoke equipment design and build, subsea protection
technology and subsea stability technology.

 

We have a clear strategy focused on strengthening Tekmar's value proposition
as an engineering solutions-led business which offers integrated and
differentiated technology, services and products to our global customer base.

 

Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global
reach with offices, manufacturing facilities, strategic supply partnerships
and representation in 18 locations 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 Director
 a)   Name                                                        Steve Lockard
 2   Reason for the notification
 a)  Position/status                                              Chair, 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)
     £0.01                                                                                   500,000
                                                                  £0.05                      500,000
                                                                  £0.05                      500,000
 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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