Issue of shares pursuant to the MIP

RNS Number : 0231H

Anexo Group PLC

04 April 2022

 

4 April 2022

For immediate release

Anexo Group plc

('Anexo' or the 'Group')

Issue of shares pursuant to Anexo's Management Incentive Plan ("MIP")

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, announces the issue and allotment of, in aggregate, 1,990,294 ordinary shares of 0.05 pence in the capital of Anexo ('MIP Shares') to selected employees including the following persons discharged with managerial responsibilities ('PDMRs'), Mark Bringloe and Dawn O'Brien, (together the 'MIP Participants') giving effect to the MIP terms as originally agreed at the time of the Company's initial public offering ('IPO').

On 31 March 2022, pursuant to the terms of the MIP, each of the MIP Participants elected to receive their respective award in two tranches ('Tranche 1' and 'Tranche 2') with each tranche representing 50% of the MIP award. Both Tranche 1 and Tranche 2 were settled in accordance with the terms of the MIP, by the issue and allotment to each MIP Participant of the number of MIP Shares set out in the table below, in full satisfaction of the award.

Pursuant to the terms of the MIP, each of the MIP Participants will be restricted from disposing of 50% of the MIP Shares issued pursuant to each of Tranche 1 and Tranche 2 to such MIP Participant for the period of one year from each respective date of issue.

	MIP Shares Issued		Total MIP Shares Issued	Percentage of enlarged issued share capital
MIP Participant	Tranche 1	Tranche 2
Mark Bringloe	242,718	242,718	485,436	0.411%
Dawn O'Brien	242,718	242,718	485,436	0.411%
Other individuals	509,711	509,711	1,019,422	0.864%
TOTAL:	995,147	995,147	1,990,294	1.686%

Admission and Total Voting Rights 

Application has been made for the 1,990,294 new MIP Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission and dealings in those shares will commence at 8.00 a.m. on 6 April 2022.

The Company advises that, immediately following Admission, there will be 117,990,294 Ordinary Shares in issue, with one voting right each. Accordingly, this number should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Bringloe
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Anexo Group plc
b)	LEI	213800CJHD5C8M4MEY87
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 Identification code	Ordinary Shares of 0.05p each ISIN: GB00BF2G3L29
b)	Nature of the transaction	Grant of new ordinary shares pursuant to the terms of a Management Incentive Plan
c)	Price(s) and volume(s)	Price No. of shares 103p 485,436
d)	Aggregated information - Aggregated  volume - Price	Volume: 485,436 Weighted average price: 103p
e)	Date of the transaction	31 March 2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dawn O'Brien
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Anexo Group plc
b)	LEI	213800CJHD5C8M4MEY87
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 Identification code	Ordinary Shares of 0.05p each ISIN: GB00BF2G3L29
b)	Nature of the transaction	Grant of new ordinary shares pursuant to the terms of a Management Incentive Plan
c)	Price(s) and volume(s)	Price No. of shares 103p 485,436
d)	Aggregated information - Aggregated  volume - Price	Volume: 485,436 Weighted average price: 103p
e)	Date of the transaction	31 March 2022
f)	Place of the transaction	London Stock Exchange, AIM

-Ends-

For further enquiries:

Anexo Group plc	[phone] www.anexo-group.com
Alan Sellers, Executive Chairman Mark Bringloe, Chief Financial Officer Nick Dashwood Brown, Head of Investor Relations
Arden Partners plc (Nominated Adviser and Joint Broker)	[phone] www.arden-partners.co.uk
John Llewellyn-Lloyd/Louisa Waddell/Alexandra Campbell-Harris (Corporate Finance) Tim Dainton (Equity Sales)
Panmure Gordon (Joint Broker)	[phone] www.panmure.com
Ed Walsh/Dominic Morley

 
Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.  The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services.  The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit:  www.anexo-group.com

 

END

 

 

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