TIDMESKN

RNS Number : 2617R

Esken Limited

05 July 2022

5 July 2022

Esken Limited

("Esken" and the "Company")

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

LTIP Awards in respect of FY23

Esken has granted long-term incentive awards in respect of the financial year ended 28 February 2023 over its ordinary shares under the Esken Limited Long Term Incentive Plan 2020 (the "LTIP"), as follows:

 
 Name                               Number of shares subject to 
                                     award 
 Nick Dilworth, Chief Operating 
  Officer (150% of salary)          4,709,466 
                                   ---------------------------- 
 Lewis Girdwood, Chief Financial 
  Officer (150% of salary)          4,709,466 
                                   ---------------------------- 
 

1 The number of shares comprised in awards have been based on a price for Esken's ordinary shares of 10.67 pence (being the average price in the three-day period leading up to the Remuneration Committee's meeting approving the awards.

As with the awards in respect of the Company's 2022 financial year made in December 2021, the Remuneration Committee of the Company has approved a wholly TSR-based performance measure for these awards on the basis that this would be closely aligned to shareholder interests. The performance targets attached to these awards are linked to an increase in the price of the Company's ordinary shares measured over the Company's 2023, 2024 and 2025 financial years (i.e. from 1 March 2022 to 28 February 2025), subject to a general financial performance underpin, as set out in the table below (with straight-line vesting between these points):

 
     Vesting              Esken's share price 
 25% of maximum    a share price of 20.0p at vesting 
                  ---------------------------------- 
 100% of maximum   a share price of 30.0p at vesting 
                  ---------------------------------- 
 

In assessing whether or not a particular share price has been achieved the Remuneration Committee will also take in to account the per share value of any dividend paid on ordinary shares during the performance period assuming that the dividend was reinvested into ordinary shares on the ex-dividend date.

 
Enquiries: 
Esken Limited 
  Charlie Geller, Communications Director         C/O Tulchan Communications 
  C/O Tulchan Communications                     +44 207 353 4200 
 
  Tulchan Communications                          esken@tulchangroup.com 
  Olivia Peters/David Allchurch/Giles Kernick 
 

FY23 LTIP awards

 
 1     Details of the person discharging managerial responsibilities / person closely associated 
 (a)   Name 
                                                         (i) Nick Dilworth 
 
                                                         (ii) Lewis Girdwood 
      ----------------------------------------------  ------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------- 
 (a)   Position/Status 
                                                         (ii) Chief Operating Officer and Executive 
                                                         Director. Renewables 
 
                                                         (iii) Chief Financial Officer and Executive 
                                                         Director, Aviation 
      ----------------------------------------------  ------------------------------------------------- 
 (b)   Initial notification                            Initial notification 
        / Amendment 
      ----------------------------------------------  ------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ------------------------------------------------------------------------------------------------- 
 (a)   Name                                            Esken Limited 
      ----------------------------------------------  ------------------------------------------------- 
 (b)   LEI                                             213800BINQVRZFKA3E89 
      ----------------------------------------------  ------------------------------------------------- 
 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                              Ordinary Shares of 10p each in the 
        financial instrument,                           capital of Esken Limited 
        type of instrument 
                                                        ISIN: GB00B03HDJ73 
        Identification Code 
      ----------------------------------------------  ------------------------------------------------- 
 (b)   Nature of the transaction                       Grant of FY23 awards under the Esken 
                                                        Limited Long Term Incentive Plan 2020 
      ----------------------------------------------  ------------------------------------------------- 
 (c)   Price(s) and volume(s)                          Price: Nil           Volumes: 
 
                                                                             (i) 4,709,466 
 
                                                                             (ii) 4,709,466 
      ----------------------------------------------  -------------------  ---------------------------- 
 (d)   Aggregated Information                          N/A 
        - Aggregated Volume 
        - Price 
      ----------------------------------------------  ------------------------------------------------- 
 (e)   Date of the Transaction                         4 July 2022 
      ----------------------------------------------  ------------------------------------------------- 
 (f)   Place of the Transaction                        Outside a trading venue 
      ----------------------------------------------  ------------------------------------------------- 
 

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END

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July 05, 2022 02:00 ET (06:00 GMT)

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