Grant of Awards Under New LTIP

RNS Number : 9046F

Argentex Group PLC

10 November 2022

 

10 November 2022

Argentex Group PLC

("Argentex" or the "Group")

Grant of Awards Under New LTIP, PDMR Notification

Following Argentex's announcement on 8 November 2022 regarding the establishment of a new Long Term Incentive Plan ("LTIP" and the "Announcement"), the Group today announces the following awards to Persons Discharging Managerial Responsibility:

PDMR	Role	% of total award	Aggregate no. of growth shares issued under the new LTIP	No. of existing options cancelled
Harry Adams	CEO	12%	2,400	-
David Christie	Chief Operating Officer	12%	2,400	905,660
Jo Stent	Chief Financial Officer	6%	1,200	452,830

Any capitalised terms contained within this announcement take the meaning given to them in the Announcement.

For further information, please contact:

Argentex Group PLC

Harry Adams - Chief Executive Officer

Jo Stent - Chief Financial Officer

[e-mail]

FTI Consulting (Financial PR)

Ed Berry / Ambrose Fullalove / Jenny Boyd

[e-mail]

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan

020 7496 3000

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Harry Adams
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argentex Group plc
b)	LEI	2549007V7B928Q178194
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	Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.  Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company.
	Identification code	GB00BJLPH056 (Ordinary Shares)
b)	Nature of the transaction	Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.
c)	Price(s) and volume(s)		Transaction Price(s) Volume(s) Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited £85.00 per share 1,200 Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited £85.00 per share 1,200
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	9 November 2022
f)	Place of the transaction	Off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Christie
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argentex Group plc
b)	LEI	2549007V7B928Q178194
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	Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.  Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company.   Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.
	Identification code	GB00BJLPH056 (Ordinary Shares)
b)	Nature of the transaction	Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP. Cancellation of 905,660 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.
c)	Price(s) and volume(s)		Transaction Price(s) Volume(s) Cancellation of Existing Options over Ordinary Shares 135p 905,660 Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited £85.00 per share 1,200 Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited £85.00 per share 1,200
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	9 November 2022
f)	Place of the transaction	Off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jo Stent
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argentex Group plc
b)	LEI	2549007V7B928Q178194
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	Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.  Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company.  Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.
	Identification code	GB00BJLPH056 (Ordinary Shares)
b)	Nature of the transaction	Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP. C ancellation of 452,830 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.
c)	Price(s) and volume(s)		Transaction Price(s) Volume(s) Cancellation of Existing Options over Ordinary Shares 135p 452,830 Subscription of 600 growth A shares in the capital of Argentex Capital Limited £85.00 per share 600 Subscription of 600 growth B shares in the capital of Argentex Capital Limited £85.00 per share 600
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	9 November 2022
f)	Place of the transaction	Off-market transaction

 

END

 

 

DSHEANFNEALAFFA