REG - TPXimpact Holdings - LTIP, PDMR Dealings & Retention Award
16/02/2023 07:00
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RNS Number : 0734Q TPXimpact Holdings PLC 16 February 2023
16 February 2023
TPXimpact Holdings PLC
("TPX", or the "Group", or the "Company")
Long Term Incentive Plan
TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company
focused on digital transformation, announces the implementation of a new Long
Term Incentive Plan ("LTIP" or "the Plan"), together with a grant of nil-cost
share options for its Executive Directors and certain members of the senior
leadership team in order to ensure the TPX senior leadership is incentivised
in a manner aligned with the interests of the Group's shareholder base.
The LTIP is comprised of a total of 1,050,000 nil-cost share options over
ordinary shares ("Awards") in the Company, and will vest on 30 November 2025,
subject to continued employment throughout and meeting certain performance
targets. The plan provides the potential for participants to earn meaningful
value on the basis of strong company and share price performance. The
Remuneration Committee has discretion to amend these terms to ensure that any
performance targets remain appropriate.
The award criteria will include performance targets linked to the delivery of
total shareholder return performance when benchmarked against AIM AllShare
index (50% weighting), ESG performance (15% weighting), and EPS CAGR growth
over the period (35% weighting).
PDMR Dealings
The following Awards have been granted to the following person(s) discharging
managerial responsibilities.
Director Role No. of shares under Award on the basis of achieving the maximum performance
targets
Bjorn Conway Chief Executive Officer 300,000
Steve Winters Chief Financial Officer 200,000
The remainder of the LTIP Awards have been allocated to certain senior
executive leaders of the Group.
The Plan was adopted on 14 February 2023. Further information on the Plan's
performance targets will be detailed in the Group's 2023 Annual Report.
Retention Award
In addition to the above, and in accordance with his service agreement
effective 1 October 2022, Steve Winters, Chief Financial Officer, has been
granted a retention award in the form of 150,000 nil-cost stock options. These
will vest in equal proportions on 31 October 2023 and 31 October 2024,
provided he remains employed by the Group at the relevant vest date.
Enquiries:
TPXimpact Holdings
Bjorn Conway, CEO Via Alma PR
Steve Winters, CFO
Stifel Nicolaus Europe Limited
(Nomad and Joint Broker) +44 (0) 207 710 7600
Alex Price
Fred Walsh
Ben Burnett
Dowgate Capital Limited +44 (0) 203 903 7715
(Joint Broker)
James Serjeant
David Poutney
Alma PR tpx@almapr.co.uk
(Financial PR) +44 (0) 203 405 0209
Josh Royston
Kieran Breheny
Matthew Young
About TPXimpact
TPXimpact exists to transform the organisations, services and systems that
underpin society and that drive business success. It applies strategic and
creative thinking, technology, innovative design and user-centred approaches
to bring about numerous improvements which together multiply the impact of
change.
The Company works closely with its clients in agile, multidisciplinary teams
that span organisational design, technology, and digital experiences. It
shares a deep understanding of people and behaviours and a philosophy of
putting people and communities at the heart of every transformation.
The business is being increasingly recognised as a leading alternative digital
transformation provider to the UK public services sector, with c.65% of its
client base representing the public sector and c.35% representing the
commercial sector.
More information is available at www.tpximpact.com (http://www.tpximpact.com/)
.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bjorn Conway
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name TPXimpact Holdings Plc
b) LEI 2138004S9O18Q6F9MS74
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
Identification code ISIN: GB00BGGK0V60
b) Nature of the transaction Award of options pursuant to the TPXimpact Holdings plc 2023 Long Term
Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
NIL 300,000
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 15 February 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
15 February 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Steve Winters
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name TPXimpact Holdings Plc
b) LEI 2138004S9O18Q6F9MS74
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
Identification code ISIN: GB00BGGK0V60
b) Nature of the transaction · Award of options pursuant to the TPXimpact Holdings plc 2023 Long
Term Incentive Plan
· Retention Award options
c) Price(s) and volume(s)
Price(s) Volume(s)
NIL 200,000
NIL 150,000
d) Aggregated information
- Aggregated volume 350,000
- Price N/A
e) Date of the transaction 15 February 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
350,000
- Price
N/A
e)
Date of the transaction
15 February 2023
f)
Place of the transaction
Outside a trading venue
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