Director Option Grant
Director option grant of 127,468 shares under new Long Term Incentive Plan to CEO and CFO.
- Options granted to Matt Sassone (CEO) 77,004
- Options granted to Liz Dixon (CFO) 50,464
- Total options granted 127,468
- EPS target for full vesting 25p or better
- Performance period 3 years from grant
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Tristel plc (AIM: TSTL), the manufacturer of infection prevention products, announces that on 22 January 2025 it granted a total of 127,468 new share options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") under the new Long Term Incentive Plan ("LTIP") in the Company, to two directors as follows:
| Director's name | Position | Number of Options granted | Aggregate number of options post grant | Current total beneficial holding of Ordinary Shares | Current holding as a % of Issued share capital |
|---|---|---|---|---|---|
| Matt Sassone | CEO | 77,004 | 77,004 | 0 | 0 |
| Liz Dixon | CFO | 50,464 | 50,464 | 1 50,000 | 0 .31 |
Terms of the new LTIP
The performance targets for the LTIP awards will be 50% based on earning per share (EPS) targets and 50% based on relative total shareholder return (TSR) versus the constituents of the AIM 100 as at the grant of the awards as follows:
| 50% of Initial awards | 50% of Initial awards | ||
| EPS FY 26/27 | % of EPS Part that Vests | Relative TSR measured over 3 years from grant | % of TSR Part that Vests |
| Less than 18p | 0% | Below median | 0% |
| Between 18p and 25p | Pro-rata 25% to 100% | Between median and upper quartile | Pro-rata 25% to 100% |
| 25p or better | 100% | Upper quartile or above | 100% |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Matthew Sassone | |
| 2. | Reason for the Notification | ||
| a) | Position/status | CEO | |
| b) | Initial notification/Amendment | Initial notification | |
| a) | Name | Tristel plc | |
| b) | LEI | 2138009DZ4LH9CZGF662 | |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | GB00B07RVT99 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | 1pence, 77,004 shares | |
| d) | Aggregated information: · Aggregated volume · Price | See above | |
| e) | Date of the transaction | 22 January 2025 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Elizabeth Dixon | |
| 2. | Reason for the Notification | ||
| a) | Position/status | CFO | |
| b) | Initial notification/Amendment | Initial notification | |
| a) | Name | Tristel plc | |
| b) | LEI | 2138009DZ4LH9CZGF662 | |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | GB00B07RVT99 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | 1 pence, 50,464 shares | |
| d) | Aggregated information: · Aggregated volume · Price | See above | |
| e) | Date of the transaction | 22 January 2025 | |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.