Long Term Incentive Plan / PDMR Notification
In brief · summary, not quotable
CEO Sean Coyle's LTIP awards vested; 387,294 shares acquired, 202,791 sold for tax, 184,503 retained.
Full announcement
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Long Term Incentive Plan
Dublin, London, 31 January 2025: Origin Enterprises plc ('Origin' or the 'Company') announces that on 30 January 2025 and 31 January 2025 certain conditional share awards granted to Sean Coyle under the Long Term Incentive Plan 2015 ('LTIP'), over the ordinary shares of €0.01 each ('shares') in the capital of the Company on 8 July 2020 and 24 September 2020, were settled to the extent they vested.
The table below shows the number of related shares acquired by Sean Coyle under the LTIP awards, the number of shares sold to satisfy the relevant taxation liabilities and the number of shares retained following the sales.
| Executive Director | Shares Vested | Shares sold to satisfy taxation liabilities | Shares retained | ||||
| Sean Coyle | 387,294 | 202,791 | 184,503 | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Sean Coyle | |||||
| Reason for the notification | |||||||
| a) | Position/status | Chief Executive Officer / PDMR | |||||
| b) | Initial Notification Amendment | Initial Notification | |||||
| a) | Name | Origin Enterprises plc | |||||
| b) | LEI | 213800AIB4U7N5BLS350 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Origin Enterprises plc Ordinary Shares of €0.01 each IE00B1WV4493 | |||||
| b) | Nature of the transaction | Acquisition of ordinary shares arising in connection with the settlement of Long Term Incentive Plan awards granted on 24 September 2020 | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | |||||
| e) | Date of the transaction | 30 January 2025 | |||||
| f) | Place of the transaction | Dublin, Ireland | |||||
| g) | Additional Information | Following the transaction disclosed here, Sean Coyle beneficially owns 425,048 ordinary shares of €0.01 each in Origin Enterprises plc, representing approximately 0.40% of the company's issued share capital excluding treasury shares. | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Sean Coyle | |||||
| Reason for the notification | |||||||
| a) | Position/status | Chief Executive Officer / PDMR | |||||
| b) | Initial Notification Amendment | Initial Notification | |||||
| a) | Name | Origin Enterprises plc | |||||
| b) | LEI | 213800AIB4U7N5BLS350 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Origin Enterprises plc Ordinary Shares of €0.01 each IE00B1WV4493 | |||||
| b) | Nature of the transaction | Disposal of shares to satisfy taxation liabilities in respect of the settlement of Long Term Incentive Plan awards granted on 24 September 2020. | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | |||||
| e) | Date of the transaction | 30 January 2025 | |||||
| f) | Place of the transaction | Dublin, Ireland | |||||
| g) | Additional Information | Following the transaction disclosed here, Sean Coyle beneficially owns 338,627 ordinary shares of €0.01 each in Origin Enterprises plc, representing approximately 0.32% of the company's issued share capital excluding treasury shares. | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Sean Coyle | |||||
| Reason for the notification | |||||||
| a) | Position/status | Chief Executive Officer / PDMR | |||||
| b) | Initial Notification Amendment | Initial Notification | |||||
| a) | Name | Origin Enterprises plc | |||||
| b) | LEI | 213800AIB4U7N5BLS350 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Origin Enterprises plc Ordinary Shares of €0.01 each IE00B1WV4493 | |||||
| b) | Nature of the transaction | Acquisition of ordinary shares arising in connection with the settlement of Long Term Incentive Plan awards granted on 8 July 2020 | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | |||||
| e) | Date of the transaction | 31 January 2025 | |||||
| f) | Place of the transaction | Dublin, Ireland | |||||
| g) | Additional Information | Following the transaction disclosed here, Sean Coyle beneficially owns 560,873 ordinary shares of €0.01 each in Origin Enterprises plc, representing approximately 0.53% of the company's issued share capital excluding treasury shares. | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Sean Coyle | |||||
| Reason for the notification | |||||||
| a) | Position/status | Chief Executive Officer / PDMR | |||||
| b) | Initial Notification Amendment | Initial Notification | |||||
| a) | Name | Origin Enterprises plc | |||||
| b) | LEI | 213800AIB4U7N5BLS350 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Origin Enterprises plc Ordinary Shares of €0.01 each IE00B1WV4493 | |||||
| b) | Nature of the transaction | Disposal of shares to satisfy taxation liabilities in respect of the settlement of Long Term Incentive Plan awards granted on 8 July 2020. | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | |||||
| e) | Date of the transaction | 31 January 2025 | |||||
| f) | Place of the transaction | Dublin, Ireland | |||||
| g) | Additional Information | Following the transaction disclosed here, Sean Coyle beneficially owns 444,503 ordinary shares of €0.01 each in Origin Enterprises plc, representing approximately 0.42% of the company's issued share capital excluding treasury shares. | |||||
| | |||||||
| Euronext Growth (Dublin) ticker symbol: | OIZ | ||||||
| AIM ticker symbol | OGN | ||||||
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