Grant of Awards under LTIP PDMR Dealing
Eden Research plc has granted 33,737,659 options under its Long-Term Incentive Plan to staff, including 7,101,189 to CEO Sean Smith and 5,334,928 to CFO Alex Abrey, with the remaining 21,301,542 issued to other employees. These options, granted in respect of CY2025 at a strike price of 1p, are subject to performance conditions including Total Shareholder Return targets of 4.36p to 8.72p and aggregate audited revenue for FY2027 and FY2028. The awards have a ten-year life with a seven-year exercise window, and 50% of exercised awards will be subject to a six-month holding period.
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Eden Research plc (AIM: EDEN), a leader in sustainable biopesticide and biocontrol technology, confirms the grant of 33,737,659 options over new Ordinary Shares under the Company’s Long Term Incentive Plan ("LTIP") to its members of staff (“the Options”)
Of these 7,101,189 Options have been awarded to Sean Smith, Chief Executive Officer and 5,334,928 have been awarded to Alex Abrey, Chief Finance Officer (together the "Executives"). A further 21,301,542 Options have been issued to other employees.
The grant is in respect of CY2025 in order to ensure continuity of long term incentive and is at a strike price of 1p each.
Performance conditions
50% of the grant is subject to an absolute Total Shareholder Return –(share price plus dividends) condition:
This vests in a straight line with 20% of this portion of award vesting at a threshold of 4.36p and increasing up to full vesting at 8.72p;
Share price test is volume weighted average for the final 20 trading days of the two year performance period ending on second anniversary of grant;
50% of the grant is subject to revenue performance target to 31 March 2028 (aggregate audited revenue for FY2027 and FY2028)
Further terms
Awards have a ten year life – i.e. a seven year exercise window;
Following exercise, 50% of the awards are subject to 6 month holding period;
| a) | Name | Eden Research plc | ||||
| b) | LEI | 213800ZWTYTVQQSM3J85 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over ordinary shares of 1 pence each GB0001646941 | ||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 16 September 2026 | ||||
| f) | Place of the transaction | Outside of trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Alex Abrey | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Eden Research plc | ||||
| b) | LEI | 213800ZWTYTVQQSM3J85 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over ordinary shares of 1 pence each GB0001646941 | ||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 16 September 2026 | ||||
| f) | Place of the transaction | Outside of trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.