Business
Award of Options and PDMR Transactions
Award of Options and PDMR Transactions.
About this update from Eenergy Group Plc
19 December 2024 eEnergy Group plc ("eEnergy", "the Company" or "the Group") Award of Options and PDMR Transactions eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service and Energy Management-as-a-Service business in the UK, announces that the Remuneration Committee of the Board has approved the award of options to the executive management team over a total of 3,900,000 ordinary shares of £0.03 each in the capital of the Company (the "Options"). The Company consulted with its leading institutional investors prior to making these awards and the feedback from those investors has been reflected in the structure of the Option awards. The Option awards have been made to incentivise, retain and align the wider management team of the business to help drive shareholder value over the longer term. The awards have been structured primarily to qualify for the tax advantaged Enterprise Management Incentive ("EMI Share Options"). The awards of Options to executives who are Persons Discharging Managerial Responsibilities are as follows: Name of Director/PDMR EMI Share Options Total shares under option % of issued share capital John Gahan (Director) 2,500,000 2,500,000 0.65% Abi Wall (PDMR) 1,400,000 1,400,000 0.36% Options vest evenly over a three-year vesting period. If the Share Price falls in-between the figures specified below, the number of Shares in respect of which the Option Vests and becomes Exercisable will be determined on a straight-line (linear) basis, rounded down to the nearest whole number of Shares. If the share price is less than 9.32p, none of the share options would vest. Less than 9.32p 9.32p 13.00p 15.80p John Gahan (Director) - 950,000 2,100,000 2,500,000 Abi Wall (PDMR) - 532,000 1,176,000 1,400,000 For further information, please visit www.eenergy.com or contact: eEnergy Group plc Tel: +44 20 7078 9564 Harvey Sinclair, Chief Executive Officer John Gahan, Chief Financial Officer [email protected] Strand Hanson Limited (Nominated Adviser) Tel: +44 20 7409 3494 Richard Johnson, James Harris Canaccord Genuity Limited (Broker) Tel: +44 20 7523 8000 Max Hartley, Harry Pardoe (Corporate Broking) Tavistock Tel: +44 207 920 3150 Jos Simson, Simon Hudson, Katie Hopkins [email protected] About eEnergy Group plc eEnergy (AIM: EAAS) is revolutionising the path to Net Zero as a leading digital energy services provider for B2B and public sector organisations. We eliminate the barriers to clean energy generation and energy waste reduction, offering solutions that don't require upfront capital investment. Our vision is clear: make Net Zero possible and profitable for every organisation. Our primary services include: · Reduce : LED lighting and controls · Generate : Solar PV, ground mount, rooftop, and carport · Charge : EV charging and management software All eEnergy's services come with intelligent circuit-level energy analytics and are funded through NatWest or Siemens to provide an off-balance sheet-compliant energy-as-a-service solution. eEnergy has completed over 1,100 decarbonisation projects within the B2B and public sector. We are #1 in the education sector, having worked with over 840 schools, installing over half a million LED lights, and improving the learning environment for over 443,000 students-enough to fill Wembley Stadium almost five times over. In one year alone, eEnergy has saved the education sector £13 million in energy costs. With over 70% of schools yet to transition to LED lighting and over 90% yet to deploy solar, eEnergy estimates that at least £5.4 billion would need to be invested to install adequate rooftop solar, LED lighting, and EV charging infrastructure in UK schools. eEnergy is a market leader within the education sector and has been awarded the Green Economy Mark by the London Stock Exchange. -ends-