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TEKMAR GROUP PLC — Remuneration Information 2020
Aug 21, 2020
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Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 7615W
Tekmar Group PLC
21 August 2020
21 August 2020
Tekmar Group plc
("Tekmar", the "Group" or the "Company")
Grant of options under Retention Plan
Tekmar Group plc a leading provider of technology and services for the global offshore energy markets, announces that the Group's Remuneration Committee has approved a new share option incentive plan, the Retention Plan, to further incentivise the executive management team. The team have been granted awards for up to 200,000 ordinary shares of £0.01 each in the Company ("Shares"), being awarded based on length of service. The award comprises 100,000 Shares being foregone by James Ritchie under the IPO Incentive Plan, reducing the maximum number he could acquire from 225,000 Shares to 125,000 Shares. An additional 100,000 Shares will be made available by the Company.
The following Persons Discharging Managerial Responsibility ("PDMRs") have been granted options:
| Name | Position | Number of Retention options granted | Total number of options over Ordinary Shares | Total interest in Ordinary Shares (No.) | Total interest in Ordinary Shares (%) |
| Alasdair MacDonald | Executive Chairman Tekmar Group plc | 17,073 | 17,073 | 434,526 | 0.85% |
| Susan Hurst | Chief Financial Officer Tekmar Group plc |
43,042 | 491,292 | 276,569 | 0.54% |
| Russell Edmondson | Managing Director Tekmar Energy Ltd | 43,042 | 278,090 | 197,686 | 0.39% |
| Jack Simpson | Sales Director Tekmar Energy Limited |
53,802 | 229,224 | 195,009 | 0.38% |
| Steven Rossiter | Chief Technology Officer Tekmar Group plc |
32,281 | 215,291 | 102,564 | 0.20% |
| David Thompson | Managing Director Subsea Innovation Limited |
10,760 | 217,872 | 0 | 0 |
Conditions
Shares will not be made available under the Retention Plan until on or after 1st June 2021 at which point individuals will be entitled to acquire shares provided that:
a. they remain employed at the date of acquisition; and
b. during the period to 31 May 2021, they do not, otherwise than with the agreement of the board, sell, or other dispose of, any Shares (save, in the case of the employees other than Alasdair MacDonald and David Thompson, to meet any resulting tax liability if they exercise their rights to acquire Shares under the Company's IPO Incentive Plan).
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Alasdair MacDonald | |
| 2 | Reason for the notification | ||
| a) | Position/status | Executive Chairman, Tekmar Group plc | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| 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 0.01p each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Retention Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 17073 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 20/08/2020 | |
| f) | Place of transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Susan Hurst | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer, Tekmar Group plc | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| 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 0.01p each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Retention Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 43042 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 20/08/2020 | |
| f) | Place of transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Russell Edmondson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Managing Director, Tekmar Energy Limited | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| 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 0.01p each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Retention Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 43042 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 20/08/2020 | |
| f) | Place of transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Jack Simpson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Sales Director, Tekmar Energy Limited | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| 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 0.01p each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Retention Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 53802 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 20/08/2020 | |
| f) | Place of transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | Steven Rossiter | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Technology Officer, Tekmar Group plc | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| 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 0.01p each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Retention Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 32281 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 20/08/2020 | |
| f) | Place of transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibility / person closely associated | ||
| a) | Name | David Thompson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Managing Director, Subsea Innovation Limited | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tekmar Group plc | |
| b) | LEI | 213800839UQKQTV33E71 | |
| 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 0.01p each | |
| Identification code | GB00BDFGGK53 | ||
| b) | Nature of transaction | Grant of options under the Retention Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 10760 | ||
| d) | Aggregated information | ||
| Aggregated volume | NA | ||
| Price | NA | ||
| e) | Date of transaction | 20/08/2020 | |
| f) | Place of transaction | Outside a trading venue |
Enquiries:
| Tekmar Group plc Ally MacDonald, Executive Chairman Sue Hurst, Chief Financial Officer |
+44 (0)1325 379 520 |
| Grant Thornton UK LLP (Nominated Adviser) Philip Secrett / Jen Clarke |
+44 (0)20 7383 5100 |
| Berenberg (Broker) Chris Bowman / Ben Wright / Richard Salmond |
+44 (0)20 3207 7800 |
| Belvedere Communications (Financial PR) Cat Valentine Keeley Clarke |
[email protected] +44 (0) 7715 769 078 +44 (0) 7967 816 525 |
About Tekmar Group plc - www.tekmargroup.com
Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets. The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited.
Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985.
Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.
AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis. AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services.
Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.
Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.
Tekmar Energy and Tekmar Group plc are headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Blyth. Tekmar Group plc also has strategic bases and representation across Europe, Africa, the Middle East and Asia Pacific.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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