Grant of Conditional Share Options

Tekmar Group PLC

13 June 2024

 

Tekmar Group plc

("Tekmar", the "Group" or the "Company")

Grant of Conditional Share Options

Tekmar Group plc, a 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"), which awards share options to the executive directors, other PDMRs and certain other employees of up to 3,666,401 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is in accordance with  the intention set out in the circular to shareholders dated 3 April 2023 to award shares to certain Group employees in lieu of the Company's LTIP awards for the prior financial year.  The share options comprise three equal tranches of Ordinary Shares which vest at intervals up to 20 April 2026 subject to certain conditions which are summarised below.

The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options:

Name	Position	Number of options granted under the Share Option Plan	Total interest in Ordinary Shares (No.)	Total interest in Ordinary Shares (%)
Alasdair MacDonald	Chief Executive Officer Tekmar Group plc	2,427,600	3,049,867	2.24%
Leanne Wilkinson	Chief Financial Officer Tekmar Group plc	375,000	489,130	0.36%
Marc Bell	Managing Director Tekmar Energy Ltd	350,000	350,000	0.26%
Fraser Gibson	Managing Director Ryder	261,800	0	0%
Gary Howland	Sales Director Tekmar Group plc	126,438	126,438	0.09%
David Blake	Sales Director Pipeshield International Limited	81,813	0	0%

Conditions

Options may not be exercised under the Share Option Plan until the relevant vesting dates, of which there are three:

·    the date of grant;

·    20 April 2025; and

·    20 April 2026.

On each vesting date, individuals will be entitled to acquire shares at the exercise price of £0.01  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	Alasdair MacDonald
2	Reason for the notification
a)	Position/status	Chief Executive 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 options under the Share Option Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	2,427,600
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

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 options under the Share Option Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	375,000
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
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	Managing Director, Tekmar Energy Limited
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 options under the Share Option Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	350,000
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
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 Geotechnical Limited
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 options under the Share Option Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	261,800
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
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 options under the Share Option Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	126,438
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	David Blake
2	Reason for the notification
a)	Position/status	Sales Director, Pipeshield International Limited
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 options under the Share Option Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	81,813
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

 

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