Business
Launch of SAYE Scheme
Launch of SAYE Scheme.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n\nTekmar Group plc\n(\"Tekmar\", the \"Company\" or the \"Group\")\nLaunch of SAYE Scheme\n \nTekmar Group plc (AIM: TGP), the leading provider of technology and services for the global offshore energy markets, announces that it has launched the 2025 Save As You Earn share scheme (\"2025 SAYE Scheme\") for all eligible UK-based employees.\nThe 2025 SAYE Scheme allows eligible employees to commit to making a deduction from salary each month over three years. These employees shall be granted a corresponding number of options over the Company's ordinary shares of £0.01 (\"Ordinary Shares\"), subject to certain customary conditions being satisfied. Participants may opt to withdraw from the 2025 SAYE Scheme, recovering paid-in funds, at any point. Participants who have made 36 monthly payments may also opt to exercise their options at the exercise price of 5.63p.\n As agreed with HMRC, the exercise price has been determined by applying a discount of 10% to the closing price of the Company's Ordinary Shares on 6 March 2025 (6.25p), being the day before the invitation to participate was made.\n \nEnquiries:\n\n\n\n\nTekmar Group Plc Richard Turner, CEO\nLeanne Wilkinson, CFO\n\n\nc/o +44 (0)20 4582 3500\n\n\n\n\nCavendish Capital Markets Limited (Nomad and Broker) Peter Lynch\nNeil McDonald\nPearl Kellie\n\n\n\n+44 (0)131 220 9772\n+44 (0)131 220 9771\n+44 (0)131 220 9775\n\n\n\n\nGracechurch Group (Financial Media & Investor Relations)\nMurdo Montgomery\nHeather Armstrong\n\n\n+44 (0)20 4582 3500\n\n\n\n\n\nAbout Tekmar Group plc\nTekmar Group plc collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.\nThrough our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer's engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology. \nWe have a clear strategy focused on strengthening Tekmar's value proposition ...