Director Option Grant
Tristel plc announced on 24 November 2025 the grant of 181,972 new share options under its Long Term Incentive Plan to two directors: CEO Matt Sassone received 106,479 options, increasing his aggregate to 183,483, and CFO Anna Wasyl received 75,493 options, bringing her aggregate to 75,493. The performance targets for these options are 50% based on earnings per share and 50% on relative total shareholder return against the AIM 100 constituents over three years from the grant date.
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Tristel plc (AIM: TSTL), the manufacturer of infection prevention products, announces that on 24 November 2025 it granted a total of 181,972 new share options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") under the 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 | 106,479 | 183,483 | 3,500 | 0.01% |
| Anna Wasyl | CFO | 75,493 | 75,493 | 0 | 0% |
Terms of the new LTIP
The performance targets for the LTIP awards, which have been adjusted to reflect the impact of the tax rate and the investments required to stimulate growth, 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 27/28 | % of EPS Part that Vests | Relative TSR measured over 3 years from grant | % of TSR Part that Vests |
| Less than 19p | 0% | Below median | 0% |
| Between 19p and 23p | Pro-rata 25% to 100% | Between median and upper quartile | Pro-rata 25% to 100% |
| 23p or better | 100% | Upper quartile or above | 100% |
This announcement was deemed by the company to contain inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 as they form part of UK domestic law by virtue of the European Union (withdrawal) Act 2018. With the publication of this announcement, this information is now considered to be in the public domain.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 which forms part of UK Law by virtue of the European Union (Withdrawal) Act 2018.
| 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) | 1 pence, 106,479 shares |
| d) | Aggregated information: · Aggregated volume · Price | See above |
| e) | Date of the transaction | 24 November 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Anna Wasyl |
| 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, 75,493 shares |
| d) | Aggregated information: · Aggregated volume · Price | See above |
| e) | Date of the transaction | 24 November 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.