Business
Grant of Conditional Share Options
Grant of Conditional Share Options.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n\n \nTekmar Group plc\n(\"Tekmar\", the \"Group\" or the \"Company\")\n \nGrant of Conditional Share Options\n\nTekmar Group plc, the 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\" or \"Plan\"), and has awarded share options to the executive directors, other PDMRs and certain other employees of a total of 288,162 ordinary shares of £0.01 each in the Company (\"Ordinary Shares\"). The award of these options is intended to further motivate the senior team and to retain talented individuals. The share options have been awarded subject to certain conditions which are summarised below and shall vest on 25 March 2027 (\"Vesting Date\").\n \nThe following Persons Discharging Managerial Responsibility (\"PDMRs\") have been granted options:\n \n\n\n\n\nName\n\n\nPosition\n\n\nNumber of Share Option Plan options granted\n\n\nTotal interest in Ordinary Shares (No.)\n\n\nTotal interest in Ordinary Shares (%)\n\n\n\n\nLeanne Wilkinson\n\n\nChief Financial Officer,\nTekmar Group plc\n \n\n\n72,040\n\n\n614,130\n\n\n0.45%\n\n\n\n\nMarc Bell\n\n\nChief Operating Officer, Tekmar Group plc\n \n\n\n43,224\n \n\n\n466,667\n \n\n\n0.34%\n \n\n\n\n\nFraser Gibson\n\n\nManaging Director,\nRyder\n \n\n\n43,224\n\n\n111,711\n\n\n0.08%\n\n\n\n\nGary Howland\n\n\nSales Director,\nTekmar Group plc\n\n\n28,816\n\n\n126,438\n\n\n0.12%\n\n\n\n\nTallulah Whitewood-Spedding\n\n\nGeneral Counsel and Company Secretary,\nTekmar Group plc\n\n\n21,612\n \n\n\n0\n\n\n0%\n\n\n\n\n \n \nConditions\n \nOptions have been awarded according to two performance criteria assessed against the Group's performance over FY24. Options were allocated equally between the two criteria, measuring performance by EBITDA and free cashflow.\n \nOn the Vesting Date, individuals will be entitled to acquire shares at the exercise price of 6.22p provided that they remain employed at that date. \n \nThe relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.\n \n \n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibility / person closely associated\n\n\n\n\na)\n\n\...