REG - Tekmar Group PLC - Launch of SAYE Scheme

TekmarAnnouncement

24/03/2025 15:30

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RNS Number : 9288B  Tekmar Group PLC  24 March 2025

Tekmar Group plc

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

Launch of SAYE Scheme

 

Tekmar Group plc (AIM: TGP), the leading provider of technology and services
for the global offshore energy markets, announces that it has launched the
2025 Save As You Earn share scheme ("2025 SAYE Scheme") for all eligible
UK-based employees.

The 2025 SAYE Scheme allows eligible employees to commit to making a deduction
from salary each month over three years. These employees shall be granted a
corresponding number of options over the Company's ordinary shares of £0.01
("Ordinary Shares"), subject to certain customary conditions being satisfied.
Participants may opt to withdraw from the 2025 SAYE Scheme, recovering paid-in
funds, at any point. Participants who have made 36 monthly payments may also
opt to exercise their options at the exercise price of 5.63p.

 As agreed with HMRC, the exercise price has been determined by applying a
discount of 10% to the closing price of the Company's Ordinary Shares on 6
March 2025 (6.25p), being the day before the invitation to participate was
made.

 

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) .

 

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