Strip Tinning Holdings Plc

Remuneration Information • Aug 13, 2024

National Storage Mechanism | Additional information

RNS Number : 2485A

Strip Tinning Holdings PLC

13 August 2024

13 August 2024

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Grant of Options under 2022 Performance Share Plan

Director/PDMR Dealing

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, announces that, under the terms of the Company's 2022 Performance Share Plan (the "PSP")[1], the Board has granted nominal cost op ti ons (the "Options") over 520,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to certain Directors and persons discharging managerial responsibilities ("PDMRs"), as set out below.

The Board believes it is key that the Company retains and incen ti vises its senior execu ti ve team to drive the business forward and align their interests with those of shareholders. This forms the basis for the grant of the Options.   

The Op ti ons will vest subject to the Company achieving certain financial performance criteria for the financial year ending 31 December 2026. The financial performance criteria are based on the Group as a whole, with the Op ti ons awarded subject to achieving total shareholder return hurdles. The Remuneration Committee of the Board has discretion to amend these terms to take account of, for example, corporate activities such as acquisitions, to ensure that the performance targets remain appropriate.

The Options will vest following the assessment by the Remuneration Committee of the Board of the extent to which the applicable financial performance criteria have been met by reference to the Company's audited financial results for the financial year ending 31 December 2026. Such assessment by the Remuneration Committee of the Board, and the date on which the Options will vest is expected to be in Q1 of 2027.

The Options awarded to PDMRs are set out in the table below. 

Director/ PDMR	Position	Options granted
Adam Robson	Executive Chair	200,000
Mark Perrins	CEO	200,000
Kevin Edwards	CFO	120,000

Enquiries:

Strip Tinning Holdings plc

Adam Robson, Executive Chair                                                                                                  Via Alma PR

Mark Perrins, Chief Executive Officer                                                                                    

Singer Capital Markets (Nominated Adviser and Sole Broker)                    +44 (0) 20 7496 3000

Rick Thompson

James Fischer

Alma (Financial PR)                                                                                                        striptinning@alma strategic.com

Josh Royston                                                                                                                     +44 (0) 20 3405 0205       

Joe Pederzolli                                                                                   

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.     Adam Robson 2.     Mark Perrins 3.     Kevn Edwards
2	Reason for the notification
a)	Position/status	1.     Executive Chairman 2.     Chief Executive Officer 3.    Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Strip Tinning Holdings plc
b)	LEI	894500GS6N5D41R6H966
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	Ordinary Shares of 1 pence each
Identification code	ISIN: GB00BMHN9M05
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		1. Nil	200,000
		2. Nil	200,000
		3. Nil	120,000
d)	Aggregated information
- Aggregated volume	N/A - single transaction
- Price
e)	Date of the transaction	12 August 2024
f)	Place of the transaction	Outside a trading venue

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[1] Details of the PSP are to be found in the Admission Document dated 10 February 2022 which is available on the company website.

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