Long Term Incentive Awards
Granted options over 11.8m shares to Executive Chairman, CFO and management team; 571k further options to senior manager.
- Options awarded to Executive Chairman (Cathal Friel) 6,666,667
- Options awarded to CFO (Jack Kelly) 4,166,667
- Options awarded to management team total 11,833,333
- LTIP options awarded to David Broadbank 571,000
- Exercise price per share 0.25p
- Aggregate percentage of issued share capital 4.4%
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17 July 2026 - European Green Transition plc (AIM: EGT), a company operating in the critical infrastructure sector, announces that the Company has granted options over ordinary shares of 0.25p each in the Company ("Ordinary Shares") to certain Directors and members of its senior management team.
Retention and Incentive Awards
Following the approval of the Company's 2025 Remuneration Report at the Company's Annual General Meeting, the Remuneration Committee has awarded, in aggregate, options over 11,833,333 Ordinary Shares to its Executive Chairman (Cathal Friel), Chief Financial Officer (Jack Kelly) and members of its management team ("Retention and Incentive Awards"). These awards have a nominal exercise price of 0.25p each and vest after three years subject to continued employment and the meeting of a 20% 2026 revenue growth target for the Wind Energy Services business. These awards represent in aggregate 4.4% of the Company's current issued share capital with options over 6,666,667 Ordinary Shares made to the Executive Chairman and 4,166,667 options over Ordinary Shares made to the Chief Financial Officer.
Related Party Transaction
The Remuneration Committee believes this award is essential to retain and incentivise key executives and align them with the long-term interests of the Company and Shareholders. The Directors of the Company, excluding Cathal Friel and Jack Kelly who are participating in the Retention and Incentive Awards, consider that the terms of the Retention and Incentive Awards are fair and reasonable in so far as the Company's shareholders are concerned.
Long Term Incentive Plan Awards
The Remuneration Committee has also awarded options over 571,000 Ordinary Shares through the Company's long term incentive plan ("LTIP") to David Broadbank, a senior member of the Wind Energy Services management team, who is not a director of the Company. These LTIP awards have a nominal exercise price of 0.25p each and will vest after three years subject to the meeting of three-year revenue and EBITDA performance targets for the Wind Energy Services business. The Company intends that these LTIP awards be made under a UK Enterprise Management Incentive ("EMI") scheme which the Company is in the process of establishing.
The Retention and Incentive Awards and LTIP Awards are subject to market-standard malus and clawback provisions, and customary leaver provisions dealing with the departures of recipients from the Company and are designed to reward long term service to the Company.
| a) | Name | Cathal Friel | |
| 2 | Reason for the notification | ||
| a) | Position/status | Executive Chair | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | European Green Transition plc | |
| b) | LEI | 9845000450IAF4808661 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.25p each GB00BPVG5407 | |
| b) | Nature of transaction | Award of options pursuant to Company Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.0025 | 6,666,667 | ||
| Aggregated information - Aggregated volume - Price | As above | ||
| e) | Date of the transaction | 16 July 2026 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Jack Kelly | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | European Green Transition plc | |
| b) | LEI | 9845000450IAF4808661 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.25p each GB00BPVG5407 | |
| b) | Nature of transaction | Award of options pursuant to Company Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.0025 | 4,166,667 | ||
| Aggregated information - Aggregated volume - Price | As above | ||
| e) | Date of the transaction | 16 July 2026 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | David Broadbank | |
| 2 | Reason for the notification | ||
| a) | Position/status | Managing Director, Wind Energy Services | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | European Green Transition plc | |
| b) | LEI | 9845000450IAF4808661 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.25p each GB00BPVG5407 | |
| b) | Nature of transaction | Award of options pursuant to Company Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.0025 | 571,000 | ||
| Aggregated information - Aggregated volume - Price | As above | ||
| e) | Date of the transaction | 16 July 2026 | |
| f) | Place of the transaction | Outside a trading venue |
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