Grant of awards under Long Term Incentive Plan
AOTI, Inc. announced that on April 22, 2026, performance share awards were granted under its Long Term Incentive Plan to its CEO, CFO, and COO. The CEO received 678,471 awards, the CFO received 377,099 awards, and the COO received 270,672 awards, all with an exercise price of £0.37. These awards will vest in three years, contingent upon achieving specific Adjusted EBITDA and Adjusted EBITDA margin performance conditions measured over a three-year period ending December 31, 2028.
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AOTI, INC. (AIM: AOTI), a medical technology group focused on delivering outcomes-based care at home, by more durable healing of wounds and the prevention of amputations, announces that on 22 April 2026, the Company granted awards over ordinary shares in the form of options (Performance Awards) under the AOTI Long Term Incentive Plan (LTIP) to Mike Griffiths, CEO, Jayesh Pankhania, CFO, and Anthony Moffatt, COO, who are Persons Discharging Managerial Responsibilities (PDMR), as detailed below:
| PDMR | Role | Number of Performance Awards | Exercise Price (GBP) |
|---|---|---|---|
| Mike Griffiths | CEO | 678,471 | 0.37 |
| Jayesh Pankhania | CFO | 377,099 | 0.37 |
| Anthony Moffatt | COO | 270,672 | 0.37 |
The Performance Awards will vest three years from the grant date conditional on meeting three-year performance conditions as described below.
50% of an award is subject to an Adjusted EBITDA1 performance condition measured over a three-year period ending 31 December 2028.
50% of an award is subject to an Adjusted EBITDA margin2 performance condition measured over a three-year period ending 31 December 2028.
1 Adjusted EBITDA is an unaudited non-GAAP measure: Earnings before interest, taxation, depreciation, amortisation and non-underlying items.
2 Adjusted EBITDA margin is Adjusted EBITDA divided by Revenue
| AOTI, INC. Dr. Mike Griffiths, Chief Executive Officer Jayesh Pankhania, Chief Financial Officer | +44 (0)20 3727 1000 ir@aotinc.net |
| Peel Hunt LLP (Nominated Adviser and Joint Broker) Dr. Christopher Golden, James Steel | +44 (0)20 7418 8900 |
| Panmure Liberum Limited (Joint Broker) Emma Earl, Will Goode, Mark Rogers Rupert Dearden | +44 (0)20 3100 2000 |
| FTI Consulting (Financial PR & IR) Ben Atwell, Simon Conway, Natalie Garland-Collins | +44 (0)20 3727 1000 AOTI@fitconsulting.com |
ABOUT AOTI, INC.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1. Mike Griffiths 2. Jayesh Pankhania 3. Anthony Moffatt |
| 2. | Reason for notification | |
| a) | Position / status | 1. CEO 2. CFO 3. COO |
| b) | Initial notification / amendment | Initial Notification |
| a) | Name | AOTI, INC. |
| b) | LEI | 213800ZGCNDSTWIRK687 |
| a) | Description of the financial instrument | Ordinary Shares |
| b) | Identification code | US03690C1027 |
| c) | Nature of transactions | Award under the AOTI LTIP |
| d) | Price(s) and volume(s) | Exercise Price: 1. GBP0.37 2. GBP0.37 3. GBP0.37 Volume: 1. 678,471 2. 377,099 3. 270,672 |
| e) | Aggregated Information - Aggregated volume - Price | As for d) above |
| f) | Date of the transactions | 22 April 2026 |
| g) | Place of the transactions | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.