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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tekmar Group Plc | LSE:TGP | London | Ordinary Share | GB00BDFGGK53 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.25 | 9.00 | 9.50 | 9.25 | 9.25 | 9.25 | 32,091 | 08:00:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Water,sewer,pipeline Constr | 39.91M | -10.12M | -0.0744 | -1.24 | 12.59M |
From Apr 2019 to Apr 2024
TIDMTGP
RNS Number : 2564I
Tekmar Group PLC
31 March 2020
31 March 2020
Tekmar Group plc
("Tekmar", the "Group" or the "Company")
Grant of options under SAYE scheme
and
PDMR dealing notification
Tekmar Group plc, a market-leading technology provider of subsea protection systems is pleased to announce that it has launched a Save As You Earn scheme ("SAYE Scheme") for all its eligible permanent UK employees.
Such eligible employees were invited to subscribe for options "Options" over the Company's ordinary shares of 0.01 pence each ("Ordinary Shares") which have been granted at an exercise price of 0.83 pence per Ordinary Share in accordance with the rules of the SAYE Scheme. The options were issued on 31 March 2020 and will normally be exercisable from 1 May 2023 for a period of six months.
Sue Hurst, CFO said: "We are extremely pleased to launch our first SAYE Scheme for staff. We have wanted to do this since IPO but restrictions under the regulations have prevented us from doing so. This was the first window in which to launch our scheme, which we have been planning for some time. The Board reviewed the impact of the current extraordinary circumstances in terms of whether this would impact the decision to launch the scheme and decided that staff should not be disadvantaged further. The scheme was approved by the Board and we are happy with the level of participation."
52 employees have elected to participate in the 2020 SAYE Scheme and, as a result, options over 428,983 Ordinary Shares have been granted, representing 0.84 % of the Company's issued share capital.
The following Persons Discharging Managerial Responsibility ("PDMRs") have chosen to participate in the 2020 SAYE Scheme:
Hot Features
Premium
Name Position Number of Total number Total interest Total interest
2020 SAYE of options in Ordinary in Ordinary
options over Ordinary Shares (No.) Shares (%)
granted Shares
Managing
Director
Tekmar Energy
Russell Ltd 21,686 146,686 197,686 0.39%
Edmondson
Managing
Director
Ryder Geotechnical
Fraser Gibson Ltd 13,012 13,012 0 0
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 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
Description of Ordinary shares of 0.01p each
the financial
instrument, type
of instrument
Identification GB00BDFGGK53
a) code
------------------------- -----------------------------------------
b) Nature of transaction Grant of options under the 2020 SAYE
Scheme
------------------------- -----------------------------------------
Price(s) Volume(s)
------------------------- ------------------- --------------------
Price(s) and
c) volume(s) Nil 21686
------------------------- ------------------- --------------------
Aggregated information
---------------------------------------------------------------------------
Aggregated volume NA
------------------------- -----------------------------------------
d) Price NA
------------------------- -----------------------------------------
e) Date of transaction 31/03/2020
------------------------- -----------------------------------------
f) Place of transaction Outside a trading venue
------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name Fraser Gibson
--------------------------------- -------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
Managing Director Ryder Geotechnical
a) Position/status 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
Description of Ordinary shares of 0.01p each
the financial
instrument, type
of instrument
Identification GB00BDFGGK53
a) code
------------------------- -----------------------------------------
b) Nature of transaction Grant of options under the 2020 SAYE
Scheme
------------------------- -----------------------------------------
Price(s) Volume(s)
------------------------- ------------------- --------------------
Price(s) and
c) volume(s) Nil 13012
------------------------- ------------------- --------------------
Aggregated information
---------------------------------------------------------------------------
Aggregated volume NA
------------------------- -----------------------------------------
d) Price NA
------------------------- -----------------------------------------
e) Date of transaction 31/03/2020
------------------------- -----------------------------------------
f) Place of transaction Outside a trading venue
------------------------- -----------------------------------------
For further information contact:
Tekmar Group plc Tel: +44 (0)1325 379
James Ritchie, Chief Executive Officer 520
Sue Hurst, Chief Financial Officer
Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0)20 7383
Philip Secrett / Samantha Harrison 5100
Berenberg (Broker) Tel: +44 (0)20 3207
Chris Bowman / Ben Wright 7800
Belvedere Communications (Financial PR) TekmarPR@belvederepr.com
Cat Valentine Tel: +44 (0) 7715 769
Llew Angus 078
Keeley Clarke Tel: +44 (0) 7407 023
147
Tel: +44 (0) 7967 816
525
About Tekmar Group plc - https://investors.tekmar.co.uk/
Tekmar Group plc's vision is to be the partner of choice for the supply and installation support of subsea protection equipment to 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 have been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985: https://www.tekmar.co.uk/
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: https://www.subsea.co.uk/
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. https://agiletek.co.uk/ AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services. https://agiledat.co.uk/
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. https://www.rydergeotechnical.com/
Pipeshield 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. http://www.pipeshield.com/ .
Tekmar Energy and Tekmar Group plc is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation have their head office and manufacturing centre in Darlington, United Kingdom. Ryder operate in Newcastle and within Agiletek London, Pipeshield headquarter are in Lowestoft with manufacturing in Blyth North East, Tekmar Group plc also has representation in South Korea, USA, China and across the Middle East.
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 rns@lseg.com or visit www.rns.com.
END
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March 31, 2020 08:55 ET (12:55 GMT)
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