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TPXIMPACT HOLDINGS PLC
Remuneration Information • Feb 16, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 0734Q
TPXimpact Holdings PLC
16 February 2023
16 February 2023
TPXimpact Holdings PLC
("TPX", or the "Group", or the "Company")
Long Term Incentive Plan
TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on digital transformation, announces the implementation of a new Long Term Incentive Plan ("LTIP" or "the Plan"), together with a grant of nil-cost share options for its Executive Directors and certain members of the senior leadership team in order to ensure the TPX senior leadership is incentivised in a manner aligned with the interests of the Group's shareholder base.
The LTIP is comprised of a total of 1,050,000 nil-cost share options over ordinary shares ("Awards") in the Company, and will vest on 30 November 2025, subject to continued employment throughout and meeting certain performance targets. The plan provides the potential for participants to earn meaningful value on the basis of strong company and share price performance. The Remuneration Committee has discretion to amend these terms to ensure that any performance targets remain appropriate.
The award criteria will include performance targets linked to the delivery of total shareholder return performance when benchmarked against AIM AllShare index (50% weighting), ESG performance (15% weighting), and EPS CAGR growth over the period (35% weighting).
PDMR Dealings
The following Awards have been granted to the following person(s) discharging managerial responsibilities.
| Director | Role | No. of shares under Award on the basis of achieving the maximum performance targets |
| Bjorn Conway | Chief Executive Officer | 300,000 |
| Steve Winters | Chief Financial Officer | 200,000 |
The remainder of the LTIP Awards have been allocated to certain senior executive leaders of the Group.
The Plan was adopted on 14 February 2023. Further information on the Plan's performance targets will be detailed in the Group's 2023 Annual Report.
Retention Award
In addition to the above, and in accordance with his service agreement effective 1 October 2022, Steve Winters, Chief Financial Officer, has been granted a retention award in the form of 150,000 nil-cost stock options. These will vest in equal proportions on 31 October 2023 and 31 October 2024, provided he remains employed by the Group at the relevant vest date.
Enquiries:
| TPXimpact Holdings Bjorn Conway, CEO Steve Winters, CFO Stifel Nicolaus Europe Limited (Nomad and Joint Broker) Alex Price Fred Walsh Ben Burnett |
Via Alma PR +44 (0) 207 710 7600 |
| Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney |
+44 (0) 203 903 7715 |
| Alma PR (Financial PR) Josh Royston Kieran Breheny Matthew Young |
[email protected] +44 (0) 203 405 0209 |
About TPXimpact
TPXimpact exists to transform the organisations, services and systems that underpin society and that drive business success. It applies strategic and creative thinking, technology, innovative design and user-centred approaches to bring about numerous improvements which together multiply the impact of change.
The Company works closely with its clients in agile, multidisciplinary teams that span organisational design, technology, and digital experiences. It shares a deep understanding of people and behaviours and a philosophy of putting people and communities at the heart of every transformation.
The business is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.65% of its client base representing the public sector and c.35% representing the commercial sector.
More information is available at www.tpximpact.com.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bjorn Conway
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
TPXimpact Holdings Plc
b)
LEI
2138004S9O18Q6F9MS74
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
Identification code
ISIN: GB00BGGK0V60
b)
Nature of the transaction
Award of options pursuant to the TPXimpact Holdings plc 2023 Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| NIL | 300,000 |
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
15 February 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Steve Winters
2
Reason for the notification
a)
Position/status
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
TPXimpact Holdings Plc
b)
LEI
2138004S9O18Q6F9MS74
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
Identification code
ISIN: GB00BGGK0V60
b)
Nature of the transaction
· Award of options pursuant to the TPXimpact Holdings plc 2023 Long Term Incentive Plan
· Retention Award options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| NIL | 200,000 |
| NIL | 150,000 |
d)
Aggregated information
- Aggregated volume
350,000
- Price
N/A
e)
Date of the transaction
15 February 2023
f)
Place of the transaction
Outside a trading venue
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