Business
PDMR Participation in SIP
PDMR Participation in SIP.
About this update from Kistos Holdings Plc
[{"type":"text","content":"\n\n19 August 2024\n \n\n \nKistos Holdings plc\n \n(\"Kistos\" or the \"Company\")\n \nPDMRs' Commitment to Acquire Shares and Receive Matching Shares\n \nKistos (LSE: KIST) announces that, further to the announcement on the adoption of the Kistos Holdings plc Share Incentive Plan (the \"SIP\") dated 5 August 2024 (\"Announcement\"), a majority of the qualifying employees including certain persons discharging managerial responsibilities have accepted the invitation to participate in the SIP.\n \nAs set out in the Announcement, participants of the SIP are able to acquire ordinary shares of £0.10 each in the Company (\"Shares\", such Shares being the \"Partnership Shares\") using deductions from their salary each month and receive an allocation of two matching Shares (the \"Matching Shares\") for every one Partnership Share acquired, each at the end of the relevant period (the \"Accumulation Period\").\n \nAs of the date of this announcement, Andrew Austin, Peter Mann, Richard Slape, and Richard Benmore, being directors of the Company and persons discharging managerial responsibilities (together the \"PDMRs\"), have accepted the invitation to participate in the SIP. The number of Partnership Shares and the Matching Shares the PDMRs will acquire or be allocated, as appropriate, shall be calculated by dividing the amount deducted from a participant's salary under the SIP during each relevant Accumulation Period by the lower of (i) the closing price of the Shares on the business day immediately prior to the last trading date at the beginning of the relevant Accumulation Period and (ii) the closing price of the Shares on the business day immediately prior to the last trading date prior to the acquisition date.\n \nThe Company will make further announcements in due course after the end of each Accumulation Period with details of the Partnership Shares acquired on behalf of the PDMRs and the allocation of the Matching Shares to the PDMRs.\n \nEnquiries\n \n\n\n\n\nKistos Holdings plc\nAndrew Austin / Peter Mann\n \n\n\nvia Hawthorn Advisors\n\n\n\n\nPanmure Gordon (NOMAD, Joint Broker)\nJames Sinclair-Ford / Dougie McLeod\n \n\n\nTel: 0207 886 2500\n\n\n\n\nBerenberg (Joint Broker)\nMatthew Armitt / Ciaran Walsh\n \n\n\nTel: 0203 207 780...