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ESKEN LIMITED
Remuneration Information • Jul 5, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2617R
Esken Limited
05 July 2022
5 July 2022
Esken Limited
("Esken" and the "Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
LTIP Awards in respect of FY23
Esken has granted long-term incentive awards in respect of the financial year ended 28 February 2023 over its ordinary shares under the Esken Limited Long Term Incentive Plan 2020 (the "LTIP"), as follows:
| Name | Number of shares subject to award |
| Nick Dilworth, Chief Operating Officer (150% of salary) | 4,709,466 |
| Lewis Girdwood, Chief Financial Officer (150% of salary) | 4,709,466 |
1 The number of shares comprised in awards have been based on a price for Esken's ordinary shares of 10.67 pence (being the average price in the three-day period leading up to the Remuneration Committee's meeting approving the awards.
As with the awards in respect of the Company's 2022 financial year made in December 2021, the Remuneration Committee of the Company has approved a wholly TSR-based performance measure for these awards on the basis that this would be closely aligned to shareholder interests. The performance targets attached to these awards are linked to an increase in the price of the Company's ordinary shares measured over the Company's 2023, 2024 and 2025 financial years (i.e. from 1 March 2022 to 28 February 2025), subject to a general financial performance underpin, as set out in the table below (with straight-line vesting between these points):
| Vesting | Esken's share price |
| 25% of maximum | a share price of 20.0p at vesting |
| 100% of maximum | a share price of 30.0p at vesting |
In assessing whether or not a particular share price has been achieved the Remuneration Committee will also take in to account the per share value of any dividend paid on ordinary shares during the performance period assuming that the dividend was reinvested into ordinary shares on the ex-dividend date.
Enquiries:
| Esken Limited Charlie Geller, Communications Director C/O Tulchan Communications |
| Tulchan Communications Olivia Peters/David Allchurch/Giles Kernick |
| C/O Tulchan Communications |
| +44 207 353 4200 [email protected] |
FY23 LTIP awards
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| (a) | Name | (i) Nick Dilworth (ii) Lewis Girdwood |
|
| 2 | Reason for the notification | ||
| (a) | Position/Status | (ii) Chief Operating Officer and Executive Director. Renewables (iii) Chief Financial Officer and Executive Director, Aviation |
|
| (b) | Initial notification / Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| (a) | Name | Esken Limited | |
| (b) | LEI | 213800BINQVRZFKA3E89 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| (a) | Description of the financial instrument, type of instrument Identification Code |
Ordinary Shares of 10p each in the capital of Esken Limited ISIN: GB00B03HDJ73 |
|
| (b) | Nature of the transaction | Grant of FY23 awards under the Esken Limited Long Term Incentive Plan 2020 | |
| (c) | Price(s) and volume(s) | Price: Nil | Volumes: (i) 4,709,466 (ii) 4,709,466 |
| (d) | Aggregated Information - Aggregated Volume - Price |
N/A | |
| (e) | Date of the Transaction | 4 July 2022 | |
| (f) | Place of the Transaction | Outside a trading venue |
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