REG - TPXimpact Holdings - Share Awards, Exercise of Options & PDMR Dealings
06/08/2024 16:30
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RNS Number : 4251Z TPXimpact Holdings PLC 06 August 2024
6 August 2024
TPXimpact Holdings PLC
("TPX", or the "Group", or the "Company")
FY24 Short-Term Incentive Share Award, FY24 Long-Term Incentive Share Award,
Exercise of Options and PDMR Dealings
TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company
focused on people-powered transformation, announces the Company's Remuneration
Committee has approved a grant of nominal cost share options to its Executive
Directors under its short-term incentive Share Award Plan ("STIP") and
Long-Term Incentive Plan ("LTIP").
The STIP is comprised of a total of 913,570 nominal cost share options over
ordinary shares ("Awards") in the Company, which are immediately exercisable.
This grant follows an assessment of executive director performance against a
number of objectives in relation to FY24, including revenue and adjusted
EBITDA growth targets against budget, improved commercial performance (e.g.
staff utilisation rates and new business targets), establishment of (and
compliance with) new banking covenants, and employee engagement scores
exceeding those in FY23.
The LTIP is comprised of a total of up to 874,036 nominal cost share options
over ordinary shares ("Awards") in the Company, which will become exercisable
on 1 November 2026, subject to a number of performance conditions, including
continued employment to that date, relative TSR performance against the AIM
All-Share Index and EPS growth over the three financial years to the year
ending 31 March 2026, and a number of ESG targets. These objectives will be
fully disclosed in the Company's FY24 Annual Report & Accounts, expected
to be published in late August 2024.
PDMR Dealings
The following awards have been granted to the person(s) discharging managerial
responsibilities.
Director Role Number of STIP awards Number of LTIP awards
Bjorn Conway Chief Executive Officer 765,766 874,036
Steve Winters Chief Financial Officer 147,804 Nil
To satisfy the STIP Option Exercise, 913,570 ordinary shares have been
allocated from the Company's Employee Benefit Trust ("EBT").
Concurrent with the Option Exercise, in order to meet tax liabilities due, Mr
Conway has sold 370,150 Ordinary Shares at a price of 48.5 pence per
Ordinary Share and Mr Winters has sold 71,462 Ordinary Shares at a price of
48.5 pence per Ordinary Share.
Following the exercise of Options and sale of 441,612 Ordinary Shares in the
Group, Mr Conway is now interested in 546,394 Ordinary Shares in the Group and
Mr Winters is now interested in 791,248 Ordinary Shares, representing 0.59%
and 0.86% respectively, of the Company's total share capital.
Total Voting Rights
TPXimpact Holdings PLC's total issued share capital consists of 92,159,555
Ordinary Shares of 1p each ("Ordinary Shares").
The Company does not hold any Ordinary Shares in treasury.
The total number of voting rights in the Company is 92,159,555 and this figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure and
Transparency Rules.
Enquiries:
TPXimpact Holdings
Bjorn Conway, CEO Via Alma Strategic
Steve Winters, CFO
Stifel Nicolaus Europe Limited +44 (0) 207 710 7600
(Nomad and Joint Broker)
Fred Walsh
Ben Good
Sarah Wong
Dowgate Capital Limited +44 (0) 203 903 7715
(Joint Broker)
James Serjeant
Russell Cook
Alma Strategic Communications tpx@almastrategic.com
(Financial PR) +44 (0) 203 405 0209
Josh Royston
Kieran Breheny
About TPXimpact
We believe in a world enriched by people-powered digital transformation.
Working in collaboration with organisations, we're on a mission to accelerate
positive change and build a future where people, places and the planet are
supported to thrive.
Led by passionate people, TPXimpact works closely with its clients in agile,
multidisciplinary teams; challenging assumptions, testing new approaches and
building confidence and capabilities. Combining our rich heritage with
expertise in human-centred design, data, experience and technology, we work to
create sustainable solutions with the flexibility to learn, evolve and change.
The business is being increasingly recognised as a leading alternative digital
transformation provider to the UK public services sector, with over 90% of its
FY24 revenues represented by public services clients.
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 a) Award of options pursuant to the TPXimpact Holdings plc 2024 CEO STIP
b) Award of options pursuant to the TPXimpact Holdings plc 2024 CEO LTIP
c) Exercise of Options
d) Sale of Ordinary Shares
c) Price(s) and volume(s) a) Award of options pursuant to the TPXimpact Holdings plc 2024 CEO
STIP
a. Price: 1p
b. Volume: 765,766
b) Award of options pursuant to the TPXimpact Holdings plc 2024 CEO LTIP
a. Price: 1p
b. Volume: 874,036
c) Exercise of Options
a. Price: 1p
b. Volume: 765,766
d) Sale of Ordinary Shares:
e) Price: 48.5p
f) Volume: 370,150
1,639,802 options awarded at a price of 1 pence per Ordinary Share
d) Aggregated information 765,766 Ordinary Shares exercised at a price of 1 pence per Ordinary Share
370,150 Ordinary Shares sold at a price of 48.5 pence per Ordinary Share
- Aggregated volume
- Price
e) Date of the transaction 6 August 2024
f) Place of the transaction London Stock Exchange (AIM)
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 a) Award of options pursuant to the TPXimpact Holdings plc 2024 CFO STIP
b) Exercise of Options
c) Sale of Ordinary Shares
c) Price(s) and volume(s) a) Award of options pursuant to the TPXimpact Holdings plc 2024 CFO
STIP
a. Price: 1p
b. Volume: 147,804
b) Exercise of Options
a. Price: 1p
b. Volume: 147,804
c) Sale of Ordinary Shares:
a. Price: 48.5p
b. Volume: 71,462
d) Aggregated information
147,804 options awarded at a price of 1 pence per Ordinary Share
147,804 Ordinary Shares exercised at a price of 1 pence per Ordinary Share
71,462 Ordinary Shares sold at a price of 48.5 pence per Ordinary Share
- Aggregated volume
- Price
e) Date of the transaction 6 August 2024
f) Place of the transaction London Stock Exchange (AIM)
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