Eneraqua Technologies PLC Grant of Share Options

RNS Number : 2074N

Eneraqua Technologies PLC

21 November 2024

 

21 November 2024

Eneraqua Technologies plc

("Eneraqua", the "Company" or the "Group")

 

Grant of Share Options

 

Eneraqua Technologies plc, a provider of specialist energy and water efficiency solutions, announces that on 21 November 2024, it granted share options ("Options") over 210,000 ordinary shares of 1 pence each ("Ordinary Shares") to John Samuel, Chief Financial Officer.

The Options have an exercise price of 50.0 pence and will vest the third anniversary of the grant of the awards, subject to the grantee's continued service and to the extent to which the performance conditions set for the awards are satisfied.

The performance vesting of up to a distinct 50 percent. of each award will be dependent on the Company's total shareholder return ("TSR") performance over the three year period following the grant of the award relative to the TSR performance (over the same period) of the constituents of the FTSE AIM 100 as at the grant of the award. Sliding scale targets apply.

 

The performance vesting of up to the other 50 percent. of the award will be dependent on the Company's adjusted earnings per share for the financial year ending 31 January 2027. Sliding scale targets apply.

 

In respect of each of the above measures, an environmental, social and governance related underpin measure also applies, with a commitment on reducing the level of the Company's Scope 1 emissions over the three-year period.

 

 

For further information please contact:   Eneraqua Technologies plc Mitesh Dhanak, Chief Executive Officer John Samuel, Chief Financial Officer	Via Alma
Panmure Liberum Limited (Nomad and Joint Broker) Edward Mansfield John More	Tel: [phone]
Singer Capital Markets (Joint Broker) Sandy Fraser Asha Chotai	Tel: [phone]
Alma Strategic Communication (Financial PR) Justine James Andy Bryant Will Ellis Hancock Emma Thompson	Tel: [phone] [e-mail]

 

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

 

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes.

 

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

 

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 168 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

 

To find out more, please visit:  www.eneraquatechnologies.com

 

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Samuel
2	Reason for Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eneraqua Technologies plc
b)	LEI	21380045T7LPP2T83245
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	Ordinary Shares of 1 pence each in Eneraqua Technologies plc   GB00BNYDGM91
b)	Nature of the transaction	Grant of options over Ordinary Shares under the Eneraqua Technologies plc Long Term Incentive Plan at an option price of 50 pence per Ordinary Share.
c)	Price(s) and volume(s)	Price(s) Volume(s) 50   210,000
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	20 November 2024
f)	Place of the transaction	Outside of a trading venue

 

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