Business
Grant of LTIP Options
Amcomri Group plc has granted 542,983 ordinary share options under its Long Term Incentive Plan 2024 to executive directors and PDMRs, with vesting contingent on Adjusted EBITDA and Total Shareholder Return targets over three years. The Chief Executive Officer received 157,968 options, the Chief Operating Officer 103,926, and the Chief Financial Officer 81,511, among others. These grants are structured to align executive interests with shareholder value growth. The company also confirmed that the exercise of these options, even if it dilutes the Concert Party's holding below 50%, will not trigger a mandatory takeover offer, following consultation with the Takeover Panel. Disclaimer*
About this update from Amcomri Group Plc
[{"type":"text","content":"\n\n \nAmcomri Group plc\n(\"Amcomri\", the \"Company\" or the \"Group\")\n \nGrant of LTIP Options\n \nAmcomri Group plc (AIM: AMCO), the 'Buy, Improve, Build' UK focused, specialist engineering services and industrial manufacturing group, announces that it has today granted nominal cost options over an aggregate of 542,983 Ordinary Shares under the Amcomri Long Term Incentive Plan 2024 (\"LTIP\") established by the Remuneration Committee to motivate, retain and incentivise high calibre executives, and align the interests of executives with shareholders in order to successfully grow shareholder value (\"2026 LTIP Options\"). Any vesting of the 2026 LTIP Options is subject to the achievement of Adjusted EBITDA and Total Shareholder Return performance targets over a three-year performance period to 31 December 2028 and to continued employment, under the terms of the LTIP.\n \nThe 2026 LTIP Options have been granted by the Remuneration Committee to the Executive Directors and certain PDMR's as follows:\n \n\n\n\n\nDirector/PDMR\n\n\nNumber of 2026 LTIP Options\n\n\nVesting date\n\n\nExpiry date\n\n\n\n\nHugh Whitcomb, Chief Executive Officer\n\n\n157,968\n\n\n11 May 2029\n\n\n11 May 2036\n\n\n\n\nMark O'Neill, Chief Operating Officer\n\n\n103,926\n\n\n11 May 2029\n\n\n11 May 2036\n\n\n\n\nSiobhán Tyrrell, Chief Financial Officer\n\n\n81,511\n\n\n11 May 2029\n\n\n11 May 2036\n\n\n\n\nMark Mullen, PDMR\n\n\n55,427\n\n\n11 May 2029\n\n\n11 May 2036\n\n\n\n\nSteve Jones, PDMR\n\n\n55,427\n\n\n11 May 2029\n\n\n11 May 2036\n\n\n\n\n \nThe notifications below are made in accordance with the requirements of the UK Market Abuse Regulation.\n \nIn addition, 88,724 2026 LTIP Options have been granted to other members of senior management of the Group under the same performance criteria.\n \nApplication of the Takeover Code to awards of 2026 LTIP Options to persons acting in concert\n \nCertain shareholders in the Company prior to its admission to AIM are presumed to be acting in concert for the purposes of the Takeover Code (as defined in the Company's admission document dated 16 December 2024 (the \"Concert Party\")). Prior to the grant of the 2026 LTIP Options, collectively the Concert Party was interested in 71.46% of the Ordinary Shares in issue. Assuming the exercise of all existing sha...