REG - Tekmar Group PLC - Issue of Equity, PDMR Dealings and TVR

TekmarAnnouncement

07/01/2025 15:00

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RNS Number : 4559S  Tekmar Group PLC  07 January 2025

Tekmar Group plc

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

Issue of Equity, PDMR Dealings and Total Voting Rights

 

Tekmar Group plc (AIM: TGP), the leading provider of technology and services
for the global offshore energy markets, confirms that further to the
announcement dated 14 November 2023 it has issued 347,222 ordinary shares of 1
pence each in the share capital of the Company ("Ordinary Shares") as part of
the Group's agreement to acquire the remaining 20 per cent. of Ryder
Geotechnical (the "Transaction").

 

The Transaction agreement included a balance of £50,000 to be paid in the
form of shares in the Company maturing equally on the first and second
anniversary of the Transaction, provided both Nigel Martin and Fraser Gibson
(the "Sellers") remained employed by the Company. Accordingly, Nigel Martin
has been issued with 152,778 Ordinary Shares and Fraser Gibson has been issued
194,444 Ordinary Shares. The shares were issued at a price of 7.2 pence per
share based on a closing mid-market price of the Company's Ordinary Shares on
12 November 2024, being the last practicable day prior to the first
anniversary of the Transaction.

 

Application has been made for the 347,222 new Ordinary Shares to be admitted
to trading on AIM ("Admission"), and dealings are expected to commence on or
around 10 January 2025. The new Ordinary Shares will rank pari passu with the
Company's existing Ordinary Shares.

 

Following Admission, the Company will have 137,617,201 Ordinary Shares of 1
pence each in issue. The Company has no shares in treasury, therefore the
figure of 137,617,201 should be used by shareholders for the calculations by
which they will determine if they are required to notify their interest in, or
a change of their interest in, the share capital of the Company under the
FCA's Disclosure and Transparency Rules.

 

Enquiries:

 

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

 Leanne Wilkinson, 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

 Heather Armstrong

 

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/)

Subscribe to further news from Tekmar Group at Group News
(http://eepurl.com/cN91l5) .

 

PDMR Notification

 

 1    Details of the person discharging managerial responsibilities / 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 1p each

      Identification code                                          GB00BDFGGK53

 b)   Nature of the transaction                                    Issue of Consideration Shares

 c)   Price(s) and volume(s)

                                                                                   Price(s)        Volume(s)
                                                                                   7.2p            194,444

 d)   Aggregated information                                                       N/A - Single transaction

 e)   Date of the transaction                                      7 January 2025

 f)   Place of the transaction                                     Outside a trading venue

 

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