Grant of Conditional Share Options
Tekmar Group awards 288,162 share options to executives and employees, vesting March 2027 at 6.22p exercise price.
- Total share options granted 288,162 ordinary shares
- Exercise price 6.22p per share
- Vesting date 25 March 2027
- CFO options granted (Leanne Wilkinson) 72,040 options
- COO options granted (Marc Bell) 43,224 options
- General Counsel options granted (Tallulah Whitewood-Spedding) 21,612 options
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Tekmar Group plc, the 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" or "Plan"), and has awarded share options to the executive directors, other PDMRs and certain other employees of a total of 288,162 ordinary shares of £0.01 each in the Company ("Ordinary Shares"). The award of these options is intended to further motivate the senior team and to retain talented individuals. The share options have been awarded subject to certain conditions which are summarised below and shall vest on 25 March 2027 ("Vesting Date").
The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options:
| Name | Position | Number of Share Option Plan options granted | Total interest in Ordinary Shares (No.) | Total interest in Ordinary Shares (%) |
|---|---|---|---|---|
| Leanne Wilkinson | Chief Financial Officer, Tekmar Group plc | 72,040 | 614,130 | 0.45% |
| Marc Bell | Chief Operating Officer, Tekmar Group plc | 43,224 | 466,667 | 0.34% |
| Fraser Gibson | Managing Director, Ryder | 43,224 | 111,711 | 0.08% |
| Gary Howland | Sales Director, Tekmar Group plc | 28,816 | 126,438 | 0.12% |
| Tallulah Whitewood-Spedding | General Counsel and Company Secretary, Tekmar Group plc | 21,612 | 0 | 0% |
Conditions
Options have been awarded according to two performance criteria assessed against the Group's performance over FY24. Options were allocated equally between the two criteria, measuring performance by EBITDA and free cashflow.
On the Vesting Date, individuals will be entitled to acquire shares at the exercise price of 6.22p 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 | 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 conditional options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 72,040 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 25.03.2025 | |
| 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 | Chief Operating 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 conditional options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 43,224 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 25.03.2025 | |
| 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 | |
| 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 conditional options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 43,224 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 25.03.2025 | |
| 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 conditional options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 28,816 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 25.03.2025 | |
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Tallulah Whitewood-Spedding | |
| 2 | Reason for the notification | ||
| a) | Position/status | General Counsel and Company Secretary, 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 conditional options under the Share Option Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 21,612 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 25.03.2025 | |
| f) | Place of transaction | Outside a trading venue |
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