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AUTINS GROUP PLC
Remuneration Information • Jan 20, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2323M
Autins Group PLC
20 January 2021
20 January 2021
Autins Group plc
(the "Company" or the "Group")
Management Long Term Incentive Plan
Autins Group plc (AIM: AUTG), the UK and European manufacturer of the patented Neptune melt-blown material and specialist in the design, manufacture and supply of acoustic and thermal insulation solutions, announces a new long term incentive plan ("LTIP") in order to reward and incentivise the senior executives to deliver further sustainable and managed growth for the Company.
Total nil cost awards under the LTIP have been granted over 2,858,107 ordinary shares and are subject to performance criteria over the three year period ending 30 September 2023 as detailed below.
The LTIP awards over 1,270,268 ordinary shares are dependent on Group EBITDA targets in the three financial years ending 30 September 2023 ("EBITDA Awards"). For the maximum awards to be met the Group will need to deliver in aggregate an accumulative EBITDA of £6.0million (excluding any IFRS adjustments) over the three financial years ending 30 September 2023.
Further LTIP awards over 1,587,839 ordinary shares are dependent on the Group's share price at 30 September 2023 ("Share Price Awards"). If the Group's share price is less than 35 pence per share at 30 September 2023 none of the these awards will vest. If the Group's share price is 65 pence or more, 100% of the Share Price Awards will vest.
The Share Price and EBITDA Awards will vest in three equal annual instalments from 1 October 2023.
Awards have been granted to Gareth Kaminski-Cook (CEO), Kamran Munir (CFO) and Joshua Kimberling, Group Sales Director, as outlined below:
| Director /PDMR | EBITDA Awards | Share Price Awards | Total Awards |
| Gareth Kaminski-Cook | 648,648 | 810,811 | 1,459,459 |
| Kamran Munir | 472,972 | 591,217 | 1,064,189 |
| Joshua Kimberling | 148,648 | 185,811 | 334,459 |
All prior share options relating to the above named persons have been cancelled in respect of 355,321 options over ordinary shares.
For further information please contact:
| Autins Group plc Gareth Kaminski-Cook, Chief Executive Kamran Munir, Chief Financial Officer |
Via SEC Newgate |
| N+1 Singer (Nominated Adviser and Broker) Mark Taylor / Carlo Spingardi |
Tel: 020 7496 3000 |
| SEC Newgate (Financial PR) Adam Lloyd Tom Carnegie |
Tel: 020 7653 9850 |
About Autins
Autins is a UK and continental Europe based industrial materials technology business that specialises in the design, manufacture, and supply of acoustic and thermal products. Its key markets are automotive, flooring, office furniture and commercial vehicles where it supplies products and services to more than 160 customer locations across Europe.
Autins is also the sole European manufacturer of the patented Neptune material. Neptune is a lightweight, high-performance acoustic material which offers superior acoustic and thermal properties. It is suitable for a range of applications where acoustic absorption is required. This market-leading product is manufactured in the UK.
The information contained within this announcement is deemed to constitute inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Gareth Kaminski Cook | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Autins Group plc | |
| b) | LEI | 2138006WN9R3JYOANR87 | |
| 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 |
Grant of option under LTIP Award GB00BD37ZH08 |
|
| b) | Nature of the transaction | Grant of option under LTIP Award | |
| c) | Price(s) and volume(s) | Price | Volume |
| NIL | [1,459,459] | ||
| d) | Aggregated information - Aggregated volume - Price |
N/A | |
| e) | Date of the transaction | [● January 2021] | |
| f) | Place of the transaction | Off market transaction |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Kamran Munir | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Autins Group plc | |
| b) | LEI | 2138006WN9R3JYOANR87 | |
| 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 |
Grant of option under LTIP Award GB00BD37ZH08 |
|
| b) | Nature of the transaction | Grant of options under LTIP Award | |
| c) | Price(s) and volume(s) | Price | Volume |
| NIL | [1,064,189] | ||
| d) | Aggregated information - Aggregated volume - Price |
N/A | |
| e) | Date of the transaction | [● January 2021] | |
| f) | Place of the transaction | Off market transaction |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Joshua Kimberling | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group Sales Director | |
| b) | Initial notification /Amendment | Initial | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Autins Group plc | |
| b) | LEI | 2138006WN9R3JYOANR87 | |
| 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 |
Grant of option under LTIP Award GB00BD37ZH08 |
|
| b) | Nature of the transaction | Grant of options under LTIP Award | |
| c) | Price(s) and volume(s) | Price | Volume |
| NIL | [334,459] | ||
| d) | Aggregated information - Aggregated volume - Price |
N/A | |
| e) | Date of the transaction | [● January 2021] | |
| f) | Place of the transaction | Off market transaction |
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