Business
Grant of Share Options
Tekmar Group plc has established a new share option plan, granting 1,500,000 share options to its Chair, Steve Lockard, on May 6, 2026. These options consist of 500,000 exercisable immediately at 1.00p, and another 1,000,000 exercisable immediately at 5.00p, with the final 500,000 exercisable at 5.00p contingent on the share price exceeding 19.99p. These new options represent 1.07% of the company's current issued share capital, bringing the total ordinary shares under option to 8.2%. Disclaimer*
About this update from Tekmar Group Plc
[{"type":"text","content":"\n\nTekmar Group plc\n(\"Tekmar\", the \"Company\" or the \"Group\")\n \nGrant of Share Options \n \nTekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, announces that the Group has established a share option plan which has granted share options on 6 May 2026 (the \"May 2026 Plan\", the \"Plan\") to certain directors of the Group (\"Directors\") and other Persons Discharging Managerial Responsibility (\"PDMR\") employees.\n \nBackground to and Key Terms of the Share Option Plan\n \nSteve Lockard has been a non-executive director of Tekmar since April 2023, joining the Board at the time of SCF Partners' investment in the Group, where Steve was a co-investor. Steve subsequently assumed the role of Chair in June 2024. Steve brings a wealth of experience in the offshore energy sector and brings valuable insight to the Group's value creation and platform building strategy, both organically and through M&A.\n \nTo reflect Steve's significant Board level contribution, and to align his involvement with the interests of the Company's shareholders, Steve has been granted 1,500,000 share options under the Plan with the following conditions:\n- 500,000 share options at an exercise price of 1.00p exercisable from date of grant;\n- 500,000 share options at an exercise price of 5.00p exercisable from date of grant; and\n- 500,000 share options at an exercise price of 5.00p exercisable after the share price has exceeded 19.99p. \n \nThe share options under the Plan (the \"New Share Options\") represent 1,500,000 shares in aggregate, equivalent to 1.07% of the Company's current issued share capital of 139,551,387. Total ordinary shares under option (including the New Share Options and those Share Options announced earlier on 7 May 2026) represent 8.2% of the Company's current issued share capital.\n \nThe relevant Director / PDMR Notification is set out further below.\n \nEnquiries:\n \n\n\n\n\nTekmar Group plc Richard Turner, CEO\nPhil Lanigan, CFO\n \n\n\nc/o +44 (0)20 4582 3500\n\n\n\n\n \n\n\n\n\n\n\n\nCavendish Capital Markets Limited (Nomad and Broker) Peter Lynch\nNeil McDonald\nPearl Kellie\n \n\n\n\n+44 (0...