Director/PDMR Shareholding
Mincon Group Plc has granted options over 4,360,000 ordinary shares to employees under its 2022 Long Term Incentive Plan, with an exercise price of €0.72 for options granted on March 20, 2026, and €0.42 for options granted on May 8, 2025. These options vest after three years, contingent on achieving specific performance conditions: a compound annual growth rate in EBIT of at least 22.3% (for 2028 performance) or 33.26% (for 2027 performance), and a Return on Capital Employed of at least 12% (for 2028 performance) or 11.5% (for 2027 performance). The announcement also details a grant of 600,000 options to the Chief Financial Officer, Mark McNamara, at exercise prices of €0.72 and €0.42, with vesting tied to similar performance metrics.
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The Company announces that it has granted options over ordinary shares of nominal value €0.01 each in the capital of the Company ("Ordinary Shares") to certain employees pursuant to the Company's 2022 Long Term Incentive Plan (the "Plan").
On the 20 March 2026, options over an aggregate of 4,360,000 Ordinary Shares (the "Options") have been granted under the Plan, exercisable at a price of €0.72 each, being the share price at the time of grant. The Options will vest on the third anniversary of the award date, subject to the achievement of specified performance conditions (see below). Vested Options will expire if they have not been exercised after seven years from the date of grant.
The Options will vest subject to the satisfaction of the following performance conditions: (i) 50% of the Options will vest on the achievement by the Company of a compound annual growth rate ("CAGR") in Earnings Before Interest and Tax ("EBIT") on continuing operations greater than or equal to 22.3% over the three financial years ending on 31 December 2028; and (ii) 50% of the Options will vest on the achievement by the Company of a Return on Capital Employed ("ROCE") of greater than or equal to 12% for the financial year ended 31 December 2028.
Details of the grants of Options over Ordinary Shares to persons discharging managerial responsibilities are set out in the table at the end of this announcement.
Mincon Group plc Tel: +353 (61) 361 099
Joe Purcell CEO Mark McNamara CFO
Tom Purcell COO
Davy Corporate Finance
(Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker) Tel: +353 (1) 679 6363
Anthony Farrell Daragh O'Reilly
Shore Capital (Joint Broker) Tel: +44 (0) 20 7408 4090
Malachy McEntyre Mark Percy
Daniel Bush
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Mark McNamara |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer / PDMR |
| b) | Initial Notification Amendment | Initial Notification |
| a) | Name | Mincon Group plc |
| b) | LEI | 635400LCBSV68KQHN886 |
| a) | Description of the financial instrument, type of instrument Identification code | Options to subscribe for Ordinary Shares of Nominal Value €0.01 each. ISIN: IE00BD64C665 |
| b) | Nature of the transaction | i. Grant of Options to subscribe for new Ordinary Shares under the Mincon Group plc Long Term Incentive Plan 2022. Options shall vest over a three year period, subject to the satisfaction of performance conditions. ii. Grant of Options to subscribe for new Ordinary Shares under the Mincon Group plc Long Term Incentive Plan 2022. Options shall vest over a three year period, subject to the satisfaction of performance conditions. |
| c) | Price(s) and volume(s) | Price Volume i. €0.72 (exercise price) 300,000 ii. €0.42 (exercise price) 300,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A - Single Transaction |
| e) | Date of the transaction | i. 20 March 2026 ii. 8 May 2025 |
| f) | Place of the transaction | i. Outside a trading venue ii. Outside a trading venue |
| g) | Additional Information | Above transaction dated 8 May 2025 relates to PDMR disclosure in respect of wider grant of options to employees in 2025, the issue of which were previously noted in the Company's financial statements in 2025. For reference, on the 08 May 2025, options over an aggregate of 4,360,000 Ordinary Shares (the "Options") were granted under the Plan, exercisable at a price of €0.42 each, being the share price at the time of grant. The Options will vest on the third anniversary of the award date, subject to the achievement of specified performance conditions (see below). Vested Options will expire if they have not been exercised after seven years from the date of grant. The Options will vest subject to the satisfaction of the following performance conditions: (i) 50% of the Options will vest on the achievement by the Company of a compound annual growth rate ("CAGR") in Earnings Before Interest and Tax ("EBIT") on continuing operations greater than or equal to 33.26% over the three financial years ending on 31 December 2027; and (ii) 50% of the Options will vest on the achievement by the Company of a Return on Capital Employed ("ROCE") of greater than or equal to 11.5% for the financial year ended 31 December 2027. |
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