Business
Grant of options under LTIP scheme
Grant of options under LTIP scheme.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 2716V\n Tekmar Group PLC\n 05 August 2020\n \n \n \n \n \n \n \n 5 August 2020\n \n \n \n \n \n Tekmar Group plc\n \n \n (\"Tekmar\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Grant of options under LTIP scheme\n \n \n Tekmar Group plc, a market-leading technology provider of subsea protection systems, announces that the Group's Remuneration Committee has approved three Long Term Incentive Plans (\"LTIPs\") to incentivise and reward management for growth in the Group's financial performance achieved in each of the next three years, ending 31 March 2023. Management have been granted awards for up to 1,294,010 ordinary shares, representing 2.5% of the Company's issued share capital. This is made up of three LTIPs with the following awards in each year:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Ordinary shares\n \n \n \n \n \n \n FY21 LTIP\n \n \n \n \n 391,108\n \n \n \n \n \n \n FY22 LTIP\n \n \n \n \n 446,980\n \n \n \n \n \n \n FY23 LTIP\n \n \n \n \n 455,922\n \n \n \n \n \n \n \n \n The following Persons Discharging Managerial Responsibility (\"PDMRs\") have been granted options, covering the three years to 31 March 2023:\n \n \n \n \n \n \n \n \n Name\n \n \n \n \n Position\n \n \n \n \n Number of LTIPs options granted\n \n \n \n \n Total number of options over Ordinary Shares\n \n \n \n \n Total interest in Ordinary Shares (No.)\n \n \n \n \n Total interest in Ordinary Shares (%)\n \n \n \n \n \n \n Susan Hurst\n \n \n \n \n Chief Financial Officer\n \n \n Tekmar Group plc\n \n \n \n \n 360,750\n \n \n \n \n 448,250\n \n \n \n \n 276,569\n \n \n \n \n 0.54%\n \n \n \n \n \n \n Russell Edmondson\n \n \n \n \n \n \n \n Managing Director Tekmar Energy Ltd\n \n \n \n \n 182,112\n \n \n \n \n \n \n \n \n \n \n 235,048\n \n \n \n \n \n \n \n 197,686\n \n \n \n \n \n \n \n 0.39%\n \n \n \n \n \n \n \n \n \n Jack Simpson\n \n \n \n \n Sales Director \n \n \n Tekmar Energy Limited\n \n \n \n \n 144,172\n \n \n \n \n 175,422\n \n \n \n \n 195,009\n \n \n \n \n 0.38%\n \n \n \n \n \n \n Steven Rossiter\n \n \n \n \n Chief Technology Officer\n \n \n Tekmar Group plc\n \n \n \n \n 151,760\n \n \n \n \n 183,010\n \n \n \n \n 102,564\n \n \n \n \n 0.20%\n \n \n \n \n \n \n Fraser Gibson\n \n \n \n \n Managing Direc...