Grant of Share Options
Tekmar Group plc has established a new share option plan, granting options to directors and PDMR employees on May 6, 2026. CEO Richard Turner received 2,750,000 options at 9.50p and 1,650,000 at 20.00p, while CFO Phil Lanigan was granted 708,334 options at 5.74p. Other PDMRs received options at the market price of 13.15p and 13.15p. In total, 5,783,334 new options were granted, representing 4.14% of the company's issued share capital, bringing the total ordinary shares under option to 8.2%. These options become exercisable from October 2027 and September 2028 for the named directors, and from May 2029 for other PDMRs, contingent on continued employment.
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Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, announces that the Group has established a share option plan which has granted share options on 6 May 2026 (the "May 2026 Plan", the "Plan") to certain directors of the Group ("Directors") and other Persons Discharging Managerial Responsibility ("PDMR") employees.
Background to and Key Terms of the Share Option Plan
Richard Turner, CEO, and Phil Lanigan, CFO, have been granted share options as part of the contractual arrangements put in place when they respectively joined the business and also to incentivise and align their performance with the interests of the Company's shareholders.
Richard Turner has been granted the following share options under the Plan:
- 2,750,000 share options at an exercise price of 9.50p, being the average share price for the three-month period prior to his start date in September 2024; and
- 1,650,000 share options at an exercise price of 20.00p.
Phil Lanigan has been granted 708,334 share options under the Plan at an exercise price of 5.74p, again being the average share price for the three-month period prior to his start date in August 2025.
Under the Plan, the options granted in May 2026 may be exercised at the relevant exercise price at any date after 1 October 2027 for Richard Turner's share options and after 1 September 2028 for Phil Lanigan's share options. The exercise dates represent three full years from when the individuals commenced their employment with the Company.
As part of establishing the May 2026 Plan, share option grants have also been awarded to certain PDMRs, with the exercise price for these options being the current market price at close of business on 6 May 2026.
Under the Plan, the options granted in May 2026 may be exercised at the relevant exercise price at any date after 7 May 2029 provided that the individuals remain employed at that date.
The share options under the Plan (the "New Share Options") represent 5,783,334 shares in aggregate, equivalent to 4.14% of the Company's current issued share capital of 139,551,387. Total ordinary shares under option (including the New Share Options) represent 8.2% of the Company's current issued share capital.
The relevant Director / PDMR Notification is set out further below.
| 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) |
| £0.095 | 2,750,000 | ||
| £0.20 | 1,650,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 6 May 2026 | |
| f) | Place of transaction | Outside a trading venue | |
| 1 | Details of person discharging managerial responsibility/person closely associated | ||
| a) | Name | Philip Lanigan | |
| 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) |
| £0.0574 | 708,334 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 6 May 2026 | |
| 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 | |
| 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) |
| £0.1315 | 405,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 6 May 2026 | |
| 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 | Group Sales Director | |
| 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) |
| £0.1315 | 135,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 6 May 2026 | |
| 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 | Director Engineering Services | |
| 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) |
| £0.1315 | 135,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 6 May 2026 | |
| f) | Place of transaction | Outside a trading venue |
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