REG - Tristel PLC - Director Option Grant

TristelAnnouncement

23/01/2025 07:00

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RNS Number : 3495U  Tristel PLC  23 January 2025

Tristel plc

("Tristel" or the "Company")

 

Director Option Grant

 

Tristel plc (AIM: TSTL), the manufacturer of infection prevention products,
announces that on 22 January 2025 it granted a total of 127,468 new share
options (the "Options") over ordinary shares of 1 pence each ("Ordinary
Shares") under the new Long Term Incentive Plan ("LTIP") in the Company, to
two directors as follows:

 

 Director's name  Position  Number of Options granted  Aggregate number of options post grant  Current total beneficial holding of Ordinary Shares  Current holding as a % of Issued share capital
 Matt Sassone     CEO       77,004                     77,004                                  0                                                    0
 Liz Dixon        CFO       50,464                     50,464                                  150,000                                              0.31

 

 

Terms of the new LTIP

The performance targets for the LTIP awards will be 50% based on earning per
share (EPS) targets and 50% based on relative total shareholder return (TSR)
versus the constituents of the AIM 100 as at the grant of the awards as
follows:

 

 50% of Initial awards                          50% of Initial awards
 EPS FY 26/27         % of EPS Part that Vests  Relative TSR measured over 3 years from grant  % of TSR Part that Vests
 Less than 18p        0%                        Below median                                   0%
 Between 18p and 25p  Pro-rata 25% to 100%      Between median and upper quartile              Pro-rata 25% to 100%
 25p or better        100%                      Upper quartile or above                        100%

 

This announcement was deemed by the company to contain inside information as
stipulated under the Market Abuse Regulations (EU) no. 596/2014 as they form
part of UK domestic law by virtue of the European Union (withdrawal) Act 2018.
With the publication of this announcement, this information is now considered
to be in the public domain.

 

 

For further information please contact:

 

 Tristel plc                            Via Walbrook PR
 Matt Sassone, Chief Executive Officer  www.investors.tristel.com (http://www.investors.tristel.com/)
 Liz Dixon, Chief Financial Officer

 Walbrook PR Ltd                        Tel: 020 7933 8780 or tristel@walbrookpr.com
 Paul McManus                           Mob: 07980 541 893
 Lianne Applegarth                        Mob: 07584 391303

 Cavendish Capital Markets Limited      Tel: 020 7220 0500
 Geoff Nash / Camilla Hume / Trisyia Jamaludin (Corporate Finance)
 Sunila de Silva (ECM)

 Louise Talbot (Sales)

 

About Tristel plc

Tristel plc is a global infection prevention company focussed on the
manufacture and supply of products using its unique proprietary chlorine
dioxide (ClO(2)) chemistry. The Company is a market leader in manual
decontamination of medical devices, supplying hospitals under the Tristel
(https://tristel.com/) brand, and under the Cache
(https://thecachecollection.com/) brand provides products for sporicidal
surface disinfection, in a format which is a sustainable alternative to
commonly used pre-wetted plastic wipes.

 

Tristel's head office and manufacturing facility is located in Snailwell, near
Cambridge, and operates globally employing approximately 250 people across 14
subsidiaries selling into 40 countries.

 

The Company has been listed on the London Stock Exchange's AIM market since
2005 (AIM: TSTL).

 

For more information about Tristel's product range please visit:
https://tristel.com (https://tristel.com)

 

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014 which forms
part of UK Law by virtue of the European Union (Withdrawal) Act 2018.

 

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Matthew Sassone
 2.    Reason for the Notification
 a)    Position/status                                              CEO
 b)    Initial notification/Amendment                               Initial notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                         Tristel plc
 b)    LEI                                                          2138009DZ4LH9CZGF662
 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                                          GB00B07RVT99
 b)    Nature of the transaction                                    Grant of options
 c)    Price(s) and volume(s)                                       1pence, 77,004 shares

 d)    Aggregated information:                                      See above

       · Aggregated volume

       · Price
 e)    Date of the transaction                                      22 January 2025
 f)    Place of the transaction                                     Outside of a trading venue

 

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Elizabeth Dixon
 2.    Reason for the Notification
 a)    Position/status                                              CFO
 b)    Initial notification/Amendment                               Initial notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                         Tristel plc
 b)    LEI                                                          2138009DZ4LH9CZGF662
 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                                          GB00B07RVT99
 b)    Nature of the transaction                                    Grant of options
 c)    Price(s) and volume(s)                                       1 pence, 50,464 shares

 d)    Aggregated information:                                      See above

       · Aggregated volume

       · Price
 e)    Date of the transaction                                      22 January 2025
 f)    Place of the transaction                                     Outside of a trading venue

 

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