LTIP Awards
Kistos Holdings plc announced on March 4, 2026, the grant of performance-based Restricted Share Unit Awards totaling 1,008,649 ordinary shares, with 850,930 awarded to executive directors, including 324,164 to the Executive Chairman, 283,643 to the CEO, and 243,123 to the CFO, based on a share price of 180 pence and vesting over three years contingent on Total Shareholder Returns and strategic targets. Additionally, Bonus Restricted Share Unit Awards of 487,196 ordinary shares were granted, with 330,459 to executive directors, vesting over two years without further performance conditions.
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On 2 March 2026, the Company granted LTIP Awards over a total of 1,008,649 Ordinary Shares under the Plan1, including 850,930 to the following Executive Directors:
| Executive Director / PDMR | Role | Number of Ordinary Shares over which LTIP Awards are granted |
|---|---|---|
| Andrew Austin | Executive Chairman | 324,164 |
| Peter Mann | Chief Executive Officer | 283,643 |
| James Thomson | Chief Financial Officer | 243,123 |
1 Kistos Holdings plc 2021 Equity Incentive Plan ("the Plan")
The number of Ordinary Shares over which the LTIP Awards were granted was based on a percentage of base salary, converted into a number of Ordinary Shares using a share price of 180 pence per Ordinary Share, being the average mid-market closing share price for the five business days prior to the vesting commencement date, as derived from the London Stock Exchange daily official list.
In summary, the vesting of the LTIP Awards is dependent on continued employment and the achievement of performance conditions against certain Total Shareholder Returns and strategic targets, tested over a three-year performance period commencing on 1 January 2026.
The notifications set out at the end of this announcement, made in accordance with UK MAR, provide further detail in relation to the LTIP Awards granted.
Bonus Restricted Share Unit Awards (the "Bonus RSU Awards")
The Remuneration Committee has decided to defer a portion of the 2025 bonus outcome into an award to be granted as Bonus RSU Awards.
On 2 March 2026, the Company granted Bonus RSU Awards over a total of Kistos487,196 Ordinary Shares under the Plan, including 330,459 to the following Executive Directors:
| Executive Director / PDMR | Role | Number of Ordinary Shares over which Bonus RSU Awards are granted |
|---|---|---|
| Andrew Austin | Executive Chairman | 125,889 |
| Peter Mann | Chief Executive Officer | 110,153 |
| James Thomson | Chief Financial Officer | 94,417 |
The number of Ordinary Shares over which the Bonus Awards were granted was based on a proportion of annual bonus, converted into a number of Ordinary Shares using the same methodology as for the LTIP Awards.
The Bonus RSU Awards vest over a two-year period, one-third vesting on the first anniversary of the vesting commencement date and the remaining two-thirds on the second anniversary of the vesting commencement date. No further performance conditions apply.
The notifications set out at the end of this announcement, made in accordance with UK MAR, provide further detail in relation to the Bonus RSU Awards granted.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closed associated with them.
The below notifications are made in accordance with the requirements of UK MAR.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Andrew Austin | ||||||
| Reason for the notification | ||||||||
| a) | Position/status | Executive Chairman | ||||||
| b) | Initial Notification Amendment | Initial notification | ||||||
| a) | Name | Kistos Holdings plc | ||||||
| b) | LEI | 213800L2ET5KEP3OMV07 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.1 each ISIN: GB00BLF7NX68 | ||||||
| b) | Nature of the transaction | Grant of two restricted share unit awards under the Company's 2021 Equity Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 2 March 2026 | ||||||
| f) | Place of the transaction | N/A | ||||||
| g) | Additional Information | N/A | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Peter Mann | ||||||
| Reason for the notification | ||||||||
| a) | Position/status | Chief Executive Officer | ||||||
| b) | Initial Notification Amendment | Initial notification | ||||||
| a) | Name | Kistos Holdings plc | ||||||
| b) | LEI | 213800L2ET5KEP3OMV07 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.1 each ISIN: GB00BLF7NX68 | ||||||
| b) | Nature of the transaction | Grant of two restricted share unit awards under the Company's 2021 Equity Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 2 March 2026 | ||||||
| f) | Place of the transaction | N/A | ||||||
| g) | Additional Information | N/A | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | James Thomson | ||||||
| Reason for the notification | ||||||||
| a) | Position/status | Chief Financial Officer | ||||||
| b) | Initial Notification Amendment | Initial notification | ||||||
| a) | Name | Kistos Holdings plc | ||||||
| b) | LEI | 213800L2ET5KEP3OMV07 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.1 each ISIN: GB00BLF7NX68 | ||||||
| b) | Nature of the transaction | Grant of two restricted share unit awards under the Company's 2021 Equity Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 2 March 2026 | ||||||
| f) | Place of the transaction | N/A | ||||||
| g) | Additional Information | N/A | ||||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.