Grant of Conditional Share Options
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Tekmar Group plc, a leading provider of technology and services for the global offshore energy markets, announces that the Group has established a share option plan (the "Share Option Plan"), which awards share options to the executive directors, other PDMRs and certain other employees of up to 3,666,401 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is in accordance with the intention set out in the circular to shareholders dated 3 April 2023 to award shares to certain Group employees in lieu of the Company's LTIP awards for the prior financial year. The share options comprise three equal tranches of Ordinary Shares which vest at intervals up to 20 April 2026 subject to certain conditions which are summarised below.
The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options:
| Name | Position | Number of options granted under the Share Option Plan | Total interest in Ordinary Shares (No.) | Total interest in Ordinary Shares (%) |
|---|---|---|---|---|
| Alasdair MacDonald | Chief Executive Officer Tekmar Group plc | 2,427,600 | 3,049,867 | 2.24% |
| Leanne Wilkinson | Chief Financial Officer Tekmar Group plc | 375,000 | 489,130 | 0.36% |
| Marc Bell | Managing Director Tekmar Energy Ltd | 350,000 | 350,000 | 0.26% |
| Fraser Gibson | Managing Director Ryder | 261,800 | 0 | 0% |
| Gary Howland | Sales Director Tekmar Group plc | 126,438 | 126,438 | 0.09% |
| David Blake | Sales Director Pipeshield International Limited | 81,813 | 0 | 0% |
Conditions
Options may not be exercised under the Share Option Plan until the relevant vesting dates, of which there are three:
- the date of grant;
- 20 April 2025; and
- 20 April 2026.
On each vesting date, individuals will be entitled to acquire shares at the exercise price of £0.01 provided that they remain employed at that date.
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Alasdair MacDonald | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer, Tekmar Group plc | |
| b) | Initial notification/amendment | Initial Notification | |
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 2,427,600 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | ||
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Leanne Wilkinson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer, Tekmar Group plc | |
| b) | Initial notification/amendment | Initial Notification | |
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 375,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | ||
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Marc Bell | |
| 2 | Reason for the notification | ||
| a) | Position/status | Managing Director, Tekmar Energy Limited | |
| b) | Initial notification/amendment | Initial Notification | |
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 350,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | ||
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Fraser Gibson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Managing Director, Ryder Geotechnical Limited | |
| b) | Initial notification/amendment | Initial Notification | |
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 261,800 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | ||
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Gary Howland | |
| 2 | Reason for the notification | ||
| a) | Position/status | Sales Director, Tekmar Group plc | |
| b) | Initial notification/amendment | Initial Notification | |
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 126,438 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | ||
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | David Blake | |
| 2 | Reason for the notification | ||
| a) | Position/status | Sales Director, Pipeshield International Limited | |
| b) | Initial notification/amendment | Initial Notification | |
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 81,813 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | ||
| f) | Place of transaction | Outside a trading venue |
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