Grant of Long-Term Incentives
Kromek Group plc has granted 15,566,498 performance-based share awards under its Long-Term Incentive Plan to Executive Directors, with a nominal exercise price of 1p per ordinary share. The awards vest subject to achieving a relative total shareholder return compared to the FTSE AIM All-Share Index over the three financial years ending 30 April 2028. Specifically, Arnab Basu received 7,640,437 awards, Claire Burgess received 2,458,256 awards, and Berry Beumer received 5,467,805 awards. As of 3 June 2026, the company had 76,635,732 ordinary shares subject to outstanding options and LTIPs, representing 11.7% of its issued share capital.
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Kromek (AIM: KMK), a global detection company delivering best-in-class solutions for the advanced imaging and CBRN detection markets, announces the grant of performance-based share awards under its Long-Term Incentive Plan (the "LTIP") to Executive Directors of the Company.
The Company has granted a total of 15,566,498 share awards under its LTIP in the form of options over ordinary shares of 1p each in the Company ("Ordinary Shares") that vest subject to the achievement of certain performance criteria (the "LTIP Awards") assessed over the three financial years ending 30 April 2028. The LTIP Awards have a nominal value exercise price of 1p per Ordinary Share. The LTIP Awards have been granted to Directors of the Company as follows:
| Director | No. of LTIP Awards |
|---|---|
| Arnab Basu, CEO | 7,640,437 |
| Claire Burgess, CFO | 2,458,256 |
| Berry Beumer, COO | 5,467,805 |
The LTIP Awards will vest subject to the Company meeting a minimum relative total shareholder return ("RTSR") equal to the FTSE AIM All-Share Index Average Total Shareholder Return ("TSR") over the performance period. 25% of the LTIP Awards will vest on meeting this minimum threshold performance criteria, with vesting thereafter on a straight-line basis up to meeting a maximum performance target of a RTSR that is 30% greater than the FTSE AIM All-Share Index Average TSR.
Once vested, the LTIP Awards may be exercised at any time until the seventh anniversary of the vest date. The vest date is the last day of the performance period if, and to the extent that, the performance criteria has been met and subsequently ratified by the Board.
Accordingly, as at 3 June 2026, the Company had options and LTIPs outstanding over a total of 76,635,732 Ordinary Shares, representing 11.7% of the Company's issued share capital, and PDMRs/Directors had the following interest in the Company's issued share capital:
| Director | No. of Ordinary Shares | Vested Options and LTIPs | Unvested Options and LTIPs | ||
|---|---|---|---|---|---|
| Options | LTIPs | Options | LTIPs | ||
| Arnab Basu | 3,198,750 | 8,912,308 | 7,500,000 | 375,000 | 13,557,332 |
| Claire Burgess | - | - | - | 2,500,000 | 1,229,128 |
| Berry Beumer | 230,000 | 6,984,570 | 5,696,350 | 375,000 | 9,974,542 |
| Rakesh Sharma | 1,310,208 | 59,033 | - | - | - |
| Christopher Wilks | 277,941 | 31,104 | - | - | - |
| Matt Boyle | 285,000 | - | - | - | - |
Kromek is listed on AIM, a market of the London Stock Exchange, under the trading symbol 'KMK'.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Arnab Basu |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Kromek Group plc |
| b) | LEI | 213800VLHYXGHEX5VQ48 |
| Identification code | GB00BD7V5D43 | |
| b) | Nature of the transaction | Grant of options under Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 7,640,437 | |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 2 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Claire Burgess |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Kromek Group plc |
| b) | LEI | 213800VLHYXGHEX5VQ48 |
| Identification code | GB00BD7V5D43 | |
| b) | Nature of the transaction | Grant of options under Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 2,458,256 | |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 2 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Berry Beumer |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Operating Officer and President of the Advanced Imaging Division |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Kromek Group plc |
| b) | LEI | 213800VLHYXGHEX5VQ48 |
| Identification code | GB00BD7V5D43 | |
| b) | Nature of the transaction | Grant of options under Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 5,467,805 | |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 2 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
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