Grant of Restricted Share Awards
Restricted share awards granted to Deputy CEO and CFO, vesting to end of 2027 subject to conditions.
- Restricted shares granted to Graham Busby 476,000
- Restricted shares granted to Nick Willott 135,870
- Graham Busby total beneficial interest 1,745,390 Ordinary Shares
- Nick Willott total beneficial interest 393,911 Ordinary Shares
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Elixirr International plc (AIM:ELIX), an established, global, award-winning, challenger consultancy, announces the grant of restricted share awards to Graham Busby, Deputy Chief Executive Officer, and Nick Willott, Chief Financial Officer. Following the recent changes to the board, this grant further aligns the incentives of the executive management team with growing shareholder value.
The restricted share awards have been granted in respect of ordinary shares of 0.005p each in the Company ("Ordinary Shares"), comprising 476,000 shares to Graham and 135,870 to Nick. The share awards remain subject to forfeiture conditions during the vesting period to 31 December 2027. Until then, the legal title to the shares will be held by the Elixirr International Employee Benefit Trust ("EBT") on behalf of the beneficiaries. Vesting is subject to the continued tenure of each executive during the vesting term and the achievement by the Company of adjusted diluted EPS targets.
Following the awards, Graham has a total beneficial interest in 1,745,390 Ordinary Shares and Nick a total beneficial interest in 393,911 Ordinary Shares, including their persons closely associated.
The awards are being satisfied from existing ordinary shares held within the Company's EBT and as a result, there is no resultant dilution in the equity of the Company.
| a) | Name | Graham Busby |
| 2. | Reason for the Notification | |
| a) | Position/status | Deputy Chief Executive Officer |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Elixirr International plc |
| b) | LEI | 213800MKY7OHMVAKW681 |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") |
| Identification code | GB00BLPHTX84 | |
| b) | Nature of the transaction | Grant of restricted share awards |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil consideration 476,000 |
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction |
| e) | Date of the transaction | 21 January 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Nick Willott |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Elixirr International plc |
| b) | LEI | 213800MKY7OHMVAKW681 |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") |
| Identification code | GB00BLPHTX84 | |
| b) | Nature of the transaction | Grant of restricted share awards |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 135,870 |
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction |
| e) | Date of the transaction | 21 January 2025 |
| f) | Place of the transaction | Outside a trading venue |
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