Business
Grant of Conditional Share Options
Grant of Conditional Share Options.
About this update from Tekmar Group Plc
Tekmar Group plc ("Tekmar", the "Group" or the "Company") Grant of Conditional Share Options Tekmar Group plc, the leading provider of technology and services for the global offshore energy markets, announces that the Group has established a share option plan (the "Share Option Plan" or "Plan"), and has awarded share options to the executive directors, other PDMRs and certain other employees of a total of 288,162 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is intended to further motivate the senior team and to retain talented individuals. The share options have been awarded subject to certain conditions which are summarised below and shall vest on 25 March 2027 ("Vesting Date"). The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options: Name Position Number of Share Option Plan options granted Total interest in Ordinary Shares (No.) Total interest in Ordinary Shares (%) Leanne Wilkinson Chief Financial Officer, Tekmar Group plc 72,040 614,130 0.45% Marc Bell Chief Operating Officer, Tekmar Group plc 43,224 466,667 0.34% Fraser Gibson Managing Director, Ryder 43,224 111,711 0.08% Gary Howland Sales Director, Tekmar Group plc 28,816 126,438 0.12% Tallulah Whitewood-Spedding General Counsel and Company Secretary, Tekmar Group plc 21,612 0 0% Conditions Options have been awarded according to two performance criteria assessed against the Group's performance over FY24. Options were allocated equally between the two criteria, measuring performance by EBITDA and free cashflow. On the Vesting Date, individuals will be entitled to acquire shares at the exercise price of 6.22p provided that they remain employed at that date. The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation. 1 Details of the person discharging managerial responsibility / person closely associated a) Name Leanne Wilkinson 2 Reason for the notification a) Position/status Chief Financial Officer, Tekmar Group plc b) Initial notification/amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Tekmar Group plc b) LEI 213800839UQKQTV33E71 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each Identification code GB00BDFGGK53 b) Nature of transaction Grant of conditional options under the Share Option Plan c) Price(s) and volume(s) Price(s) Volume(s) £0.01 72,040 d) Aggregated information Aggregated volume NA Price NA e) Date of transaction 25.03.2025 f) Place of transaction Outside a trading venue 1 Details of the person discharging managerial responsibility / person closely associated a) Name Marc Bell 2 Reason for the notification a) Position/status Chief Operating Officer, Tekmar Group plc b) Initial notification/amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Tekmar Group plc b) LEI 213800839UQKQTV33E71 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each Identification code GB00BDFGGK53 b) Nature of transaction Grant of conditional options under the Share Option Plan c) Price(s) and volume(s) Price(s) Volume(s) £0.01 43,224 d) Aggregated information Aggregated volume NA Price NA e) Date of transaction 25.03.2025 f) Place of transaction Outside a trading venue 1 Details of the person discharging managerial responsibility / person closely associated a) Name Fraser Gibson 2 Reason for the notification a) Position/status Managing Director, Ryder b) Initial notification/amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Tekmar Group plc b) LEI 213800839UQKQTV33E71 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each Identification code GB00BDFGGK53 b) Nature of transaction Grant of conditional options under the Share Option Plan c) Price(s) and volume(s) Price(s) Volume(s) £0.01 43,224 d) Aggregated information Aggregated volume NA Price NA e) Date of transaction 25.03.2025 f) Place of transaction Outside a trading venue 1 Details of the person discharging managerial responsibility / person closely associated a) Name Gary Howland 2 Reason for the notification a) Position/status Sales Director, Tekmar Group plc b) Initial notification/amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Tekmar Group plc b) LEI 213800839UQKQTV33E71 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each Identification code GB00BDFGGK53 b) Nature of transaction Grant of conditional options under the Share Option Plan c) Price(s) and volume(s) Price(s) Volume(s) £0.01 28,816 d) Aggregated information Aggregated volume NA Price NA e) Date of transaction 25.03.2025 f) Place of transaction Outside a trading venue 1 Details of the person discharging managerial responsibility / person closely associated a) Name Tallulah Whitewood-Spedding 2 Reason for the notification a) Position/status General Counsel and Company Secretary, Tekmar Group plc b) Initial notification/amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Tekmar Group plc b) LEI 213800839UQKQTV33E71 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary shares of £0.01 each Identification code GB00BDFGGK53 b) Nature of transaction Grant of conditional options under the Share Option Plan c) Price(s) and volume(s) Price(s) Volume(s) £0.01 21,612 d) Aggregated information Aggregated volume NA Price NA e) Date of transaction 25.03.2025 f) Place of transaction Outside a trading venue