Director Dealing

RNS Number : 8199M

Tekmar Group PLC

25 January 2021

 

25 January 2021

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

TEKMAR GROUP PLC

("Tekmar Group" or the "Company")

DIRECTOR DEALING

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces that Alasdair MacDonald, Chief Executive Officer has bought 75,000 ordinary shares of 1p each ("Ordinary Shares") at an aggregated price of 63.1p representing 0.14% of the Company's issued ordinary share capital. The transactions took place on 22 January 2021 and 25 January 2021. Following these transactions Alasdair's interest in the Company is 509,526 Ordinary Shares representing 0.99% of the Company's total voting rights.

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

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
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 0.01p each
	Identification code		GB00BDFGGK53
b)	Nature of transaction		Share Purchase
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			63.5p 63p	25000 50000
d)	Aggregated information
	Aggregated volume		75000
	Price		63.1p
e)	Date of transaction		22/1/21 and 25/1/21
f)	Place of transaction		Outside a trading venue

Enquiries:

Tekmar Group plc Alasdair MacDonald, CEO Sue Hurst, CFO	[phone]
Grant Thornton UK LLP (Nominated Adviser) Philip Secrett / Jamie Barklem	[phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Richard Salmond	[phone]
N+1 Singer (Joint Broker) Rick Thompson / Rachel Hayes	[phone]
Belvedere Communications (Financial PR) Cat Valentine Keeley Clarke	[phone] [phone] [e-mail]

About Tekmar Group plc  -  www.tekmargroup.com

Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets.  The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited.

Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985.

Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.

AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis.  AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services. 

Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.

Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.

Tekmar Energy and Tekmar Group plc is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group plc also has strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.

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