Share Option Award and PDMR Notification
Technologies New Energy plc announced that on June 17, 2026, it granted its Chief Executive Officer, Julio Perez, a share option award for 1,647,727 ordinary shares, representing approximately 1.03% of the company's issued share capital. These options, with an exercise price of 10 pence per share, are in settlement of a performance-related bonus and vest on December 31, 2026, aligning executive remuneration with long-term shareholder value creation and preserving cash for project development.
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Technologies New Energy plc (LSE: TNE), the energy transition company focused on developing clean energy projects to drive industrial decarbonisation, announces that on 17 June 2026 it granted a share option award over 1,647,727 ordinary shares to Julio Perez, Chief Executive Officer and Executive Director.
The award was granted in settlement of a performance-related bonus approved by the Board for the performance period from 30 April 2025 to 30 April 2026.
The options have an exercise price of 10 pence per share, vest on 31 December 2026 and expire on 17 June 2031.
The options are subject only to continued service until the vesting date and are not subject to any additional performance conditions.
The award of 1,647,727 options represents approximately 1.03% of the Company's existing issued share capital of 159,263,550 ordinary shares. The Board believes that settlement of the bonus through options aligns executive remuneration with long-term shareholder value creation while preserving cash resources for the development of the Company's clean energy projects.
The notification below is made in accordance with Article 19 of the UK Market Abuse Regulation.
PDMR Notification Forms : The notification of dealing forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Julio Perez | |
| 2 | Reason for the Notification | ||
| a) | Position/status | Chief Executive Officer and Executive Director | |
| b) | Initial notification/ Amendment | Initial notification | |
| a) | Name | Technologies New Energy plc | |
| b) | LEI | 213800VBVRGDTYL9Y928 | |
| a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares with a nominal value of £0.10 each | |
| Identification code | GB00BNVRHQ51 | ||
| b) | Nature of the transaction | Issue of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 10p | 1,647,727 | ||
| d) | Aggregated information: | ||
| Aggregated volume | See 4c) above | ||
| Price | |||
| e) | Date of the transaction | 17-Jun-26 | |
| f) | Place of the transaction | Outside a trading venue | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.