Business
Share Awards, Exercise of Options & PDMR Dealings
Share Awards, Exercise of Options & PDMR Dealings.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n\n6 August 2024\n \nTPXimpact Holdings PLC\n(\"TPX\", or the \"Group\", or the \"Company\")\nFY24 Short-Term Incentive Share Award, FY24 Long-Term Incentive Share Award, Exercise of Options and PDMR Dealings\nTPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on people-powered transformation, announces the Company's Remuneration Committee has approved a grant of nominal cost share options to its Executive Directors under its short-term incentive Share Award Plan (\"STIP\") and Long-Term Incentive Plan (\"LTIP\").\nThe STIP is comprised of a total of 913,570 nominal cost share options over ordinary shares (\"Awards\") in the Company, which are immediately exercisable. This grant follows an assessment of executive director performance against a number of objectives in relation to FY24, including revenue and adjusted EBITDA growth targets against budget, improved commercial performance (e.g. staff utilisation rates and new business targets), establishment of (and compliance with) new banking covenants, and employee engagement scores exceeding those in FY23.\nThe LTIP is comprised of a total of up to 874,036 nominal cost share options over ordinary shares (\"Awards\") in the Company, which will become exercisable on 1 November 2026, subject to a number of performance conditions, including continued employment to that date, relative TSR performance against the AIM All-Share Index and EPS growth over the three financial years to the year ending 31 March 2026, and a number of ESG targets. These objectives will be fully disclosed in the Company's FY24 Annual Report & Accounts, expected to be published in late August 2024.\nPDMR Dealings\nThe following awards have been granted to the person(s) discharging managerial responsibilities.\n\n\n\n\nDirector\n\n\nRole\n\n\nNumber of STIP awards\n\n\nNumber of LTIP awards\n\n\n\n\nBjorn Conway\n\n\nChief Executive Officer\n\n\n765,766\n\n\n874,036\n\n\n\n\nSteve Winters\n\n\nChief Financial Officer\n\n\n147,804\n\n\nNil\n\n\n\n\n \nTo satisfy the STIP Option Exercise, 913,570 ordinary shares have been allocated from the Company's Employee Benefit Trust (\"EBT\").\n\nConcurrent with the Option Exercise, in order to meet tax liabilities due, Mr Conway has sold 370,150 Ordinary Shares at a price of 48.5 pence per Ordinary Share and Mr Wint...