Long-Term Incentive Plan Awards

Calnex Solutions PLC

11 August 2023

 

Calnex Solutions plc

("Calnex" or the "Company")

Long-Term Incentive Plan Awards

Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications sector, is pleased to confirm that the Company has now implemented a long-term incentive plan ("LTIP") for the executive and senior management team, under which it is intended that annual awards subject to performance metrics will be granted.

As indicated in Calnex's annual report for the year ended 31 March 2023 ("Annual Report") the Company obtained external advice on the design of the LTIP and consulted with shareholders on its key terms.

A total of 931,426 awards under the LTIP have been granted in the form of nominal cost share options, which will vest over a three-year period commencing 1 April 2023, subject to the satisfaction of performance metrics relating to the Company's earnings per share, revenue and absolute shareholder return.

Further details on the LTIP are set out in the Annual Report.

For more information, please contact:

Calnex Solutions plc	Via Alma PR
Tommy Cook, Chief Executive Officer Ashleigh Greenan, Chief Financial Officer
Cenkos Securities plc - Nomad	[phone]
Derrick Lee / Peter Lynch
Alma PR	+ 44(0) 20 3405 0213
Caroline Forde, Hannah Campbell, Joe Pederzolli

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Tommy Cook
2	Reason for the Notification
a)	Position/Status	Director - CEO
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 184,460
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Ashleigh Greenan
2	Reason for the Notification
a)	Position/Status	Director - CFO
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 132,433
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Anand Ram
2	Reason for the Notification
a)	Position/Status	PDMR - VP Business Development
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 302,703
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Jeff Wright
2	Reason for the Notification
a)	Position/Status	PDMR - VP Engineering
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 107,231
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Claire Wishart
2	Reason for the Notification
a)	Position/Status	PDMR - Head of HR
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 63,916
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Ger Kirk
2	Reason for the Notification
a)	Position/Status	PDMR - VP Quality
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 51,291
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of PDMR/person closely associated with them ("PCA")
a)	Name	Stephen Edmiston
2	Reason for the Notification
a)	Position/Status	PDMR - VP Operations
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Calnex Solutions plc
b)	LEI	213800GY6TURGL3HYT04
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 Identification code	Ordinary shares of 0.125 pence GB00BMBK7016
b)	Nature of the transaction	Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 89,392
d)	Aggregated information ·              Aggregated volume ·              Price	N/A
e)	Date of the transaction	5 June 2023
f)	Place of the transaction	Outside of a trading venue

The information in the above notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

 

END