Tekmar Group PLC Grant of Conditional Share Options
June 13 2024 - 2:00AM
RNS Regulatory News
RNS Number : 2190S
Tekmar Group PLC
13 June 2024
Tekmar Group
plc
("Tekmar", the "Group" or the
"Company")
Grant of Conditional Share
Options
Tekmar Group plc, a leading
provider of technology and services for the global offshore energy
markets, announces that the Group has established a share option
plan (the "Share Option Plan"), which awards share options to the
executive directors, other PDMRs and certain other employees of up
to 3,666,401 ordinary shares of £0.01 each in the Company
("Ordinary Shares"). The award of these options is in
accordance with the intention set out in the circular to
shareholders dated 3 April 2023 to award shares to certain Group
employees in lieu of the Company's LTIP awards for the prior
financial year. The share options comprise three equal
tranches of Ordinary Shares which vest at intervals up to 20 April
2026 subject to certain conditions which are summarised
below.
The following Persons Discharging
Managerial Responsibility ("PDMRs") have been granted
options:
Name
|
Position
|
Number of options granted
under the Share Option Plan
|
Total interest in Ordinary
Shares (No.)
|
Total interest in Ordinary
Shares (%)
|
Alasdair MacDonald
|
Chief Executive Officer Tekmar Group
plc
|
2,427,600
|
3,049,867
|
2.24%
|
Leanne Wilkinson
|
Chief Financial Officer
Tekmar Group plc
|
375,000
|
489,130
|
0.36%
|
Marc Bell
|
Managing Director Tekmar Energy
Ltd
|
350,000
|
350,000
|
0.26%
|
Fraser Gibson
|
Managing Director
Ryder
|
261,800
|
0
|
0%
|
Gary Howland
|
Sales Director
Tekmar Group plc
|
126,438
|
126,438
|
0.09%
|
David Blake
|
Sales Director
Pipeshield International
Limited
|
81,813
|
0
|
0%
|
Conditions
Options may not be exercised under
the Share Option Plan until the relevant vesting dates, of which
there are three:
·
the date of grant;
·
20 April 2025; and
·
20 April 2026.
On each vesting date, individuals
will be entitled to acquire shares at the exercise price of £0.01
provided that they remain employed at that
date.
The relevant notification set out
below is provided in accordance with the requirements of Article 19
of the EU Market Abuse Regulation.
1
|
Details of the person discharging managerial responsibility /
person closely associated
|
a)
|
Name
|
Alasdair MacDonald
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Chief Executive Officer, Tekmar
Group plc
|
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 £0.01
each
|
Identification code
|
GB00BDFGGK53
|
b)
|
Nature of transaction
|
Grant of options under the Share
Option Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.01
|
2,427,600
|
d)
|
Aggregated information
|
|
Aggregated volume
|
NA
|
|
Price
|
NA
|
e)
|
Date of transaction
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
1
|
Details of the person discharging managerial responsibility /
person closely associated
|
a)
|
Name
|
Leanne Wilkinson
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Chief Financial Officer, Tekmar
Group plc
|
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 £0.01
each
|
Identification code
|
GB00BDFGGK53
|
b)
|
Nature of transaction
|
Grant of options under the Share
Option Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.01
|
375,000
|
d)
|
Aggregated information
|
|
Aggregated volume
|
NA
|
|
Price
|
NA
|
e)
|
Date of transaction
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
1
|
Details of the person discharging managerial responsibility /
person closely associated
|
a)
|
Name
|
Marc Bell
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Managing Director, Tekmar Energy
Limited
|
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 £0.01
each
|
Identification code
|
GB00BDFGGK53
|
b)
|
Nature of transaction
|
Grant of options under the Share
Option Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.01
|
350,000
|
d)
|
Aggregated information
|
|
Aggregated volume
|
NA
|
|
Price
|
NA
|
e)
|
Date of transaction
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
1
|
Details of the person discharging managerial responsibility /
person closely associated
|
a)
|
Name
|
Fraser Gibson
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Managing Director, Ryder
Geotechnical Limited
|
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 £0.01
each
|
Identification code
|
GB00BDFGGK53
|
b)
|
Nature of transaction
|
Grant of options under the Share
Option Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.01
|
261,800
|
d)
|
Aggregated information
|
|
Aggregated volume
|
NA
|
|
Price
|
NA
|
e)
|
Date of transaction
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
1
|
Details of the person discharging managerial responsibility /
person closely associated
|
a)
|
Name
|
Gary Howland
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Sales Director, Tekmar Group
plc
|
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 £0.01
each
|
Identification code
|
GB00BDFGGK53
|
b)
|
Nature of transaction
|
Grant of options under the Share
Option Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.01
|
126,438
|
d)
|
Aggregated information
|
|
Aggregated volume
|
NA
|
|
Price
|
NA
|
e)
|
Date of transaction
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
1
|
Details of the person discharging managerial responsibility /
person closely associated
|
a)
|
Name
|
David Blake
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Sales Director, Pipeshield
International Limited
|
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 £0.01
each
|
Identification code
|
GB00BDFGGK53
|
b)
|
Nature of transaction
|
Grant of options under the Share
Option Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.01
|
81,813
|
d)
|
Aggregated information
|
|
Aggregated volume
|
NA
|
|
Price
|
NA
|
e)
|
Date of transaction
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
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