TIDMTGP
RNS Number : 8970L
Tekmar Group PLC
15 September 2021
15 September 2021
TEKMAR GROUP PLC
("Group" or the "Company")
Issue of Equity for Share Incentive Plan ("SIP")
Director/PDMR Dealings
Total Voting Rights
Tekmar Group (AIM: TGP), a leading provider of technology and
services for the global offshore energy markets, announces that the
Company, on 10 September 2021 ("Award Date"), issued and allotted a
total of 241,376 new ordinary shares of GBP0.01 each in the Company
("SIP Shares"), which have been purchased at nominal value by the
Tekmar Group plc Employee Share Incentive Plan.
On 2 August 2021, the Company invited eligible employees of the
Company to participate in an HMRC approved Share Incentive Plan.
The scheme is a tax efficient share incentive plan. Eligible
employees at the Award Date received GBP750 worth of free shares in
recognition of the valuable contribution made by employees (the
"Award"). Shares issued under the SIP are held by Equiniti Share
Plan Trustees Limited. The Trust currently holds 9,644 unallocated
shares (previously forfeited Shares) that are available to use
towards the Free Share allocation.
Director/PDMR dealings
The following PDMRs will be issued 1,630 ordinary shares of
GBP0.01 ("Ordinary Shares") respectively, with their resultant
respective interests in the Company's enlarged issued share capital
as below:
Director/PDMR Existing number Ordinary Shares Resultant Percentage
of Ordinary issued pursuant number of interest in
Shares held to SIP Ordinary Shares the Company's
held enlarged issued
share capital
Alasdair Macdonald,
CEO, Tekmar
Group PLC 509,526 1,630 511,156 0.99%
---------------- ----------------- ----------------- -----------------
Derek Bulmer,
CFO, Tekmar
Group PLC 0 1,630 1,630 0.003%
---------------- ----------------- ----------------- -----------------
Leanne Wilkinson,
Finance Director,
Tekmar Energy 0 1,630 1,630 0.003%
---------------- ----------------- ----------------- -----------------
Alistair Cutting,
Group Financial
Controller,
Tekmar Group
PLC 0 1,630 1,630 0.003%
---------------- ----------------- ----------------- -----------------
Jim Pearson,
Group In-House
Legal Counsel,
Tekmar Group
PLC 0 1,630 1,630 0.003%
---------------- ----------------- ----------------- -----------------
Admission to trading
Application has been made for the SIP Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission to
AIM will become effective on or around 21 September 2021.
The SIP Shares shall rank equally with the existing Ordinary
Shares.
Total voting rights
Following the issue of SIP Shares, the Company will have
51,608,603 Ordinary Shares in issue and the total number of voting
shares in Tekmar Group plc will be 51,608,603.
The above figure of 51,608,603 should be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in the share capital of Tekmar Group plc under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018, provide further detail.
Enquiries:
Tekmar Group plc
Alasdair MacDonald, CEO
Derek Bulmer, CFO +44 (0)1325 349 050
Singer Capital Markets (Nominated Adviser and
Joint Broker)
Rick Thompson / Rachel Hayes +44 (0)20 7496 3000
Berenberg (Joint Broker)
Chris Bowman / Ben Wright / Ciaran Walsh +44 (0)20 3207 7800
Bamburgh Capital Limited (Financial PR & Investor
Relations)
Murdo Montgomery +44 (0) 191 249 7442
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 is 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 Montrose and Blyth. Tekmar Group plc also has
strategic supply bases and representation across Europe, Africa,
the Middle East and Asia Pacific.
Subscribe to further news from around the Group at Group
News
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alasdair MacDonald
------------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------------- ----------------------------------------------
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 Ordinary Shares of GBP0.01 each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB00BDFGGK53
------------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of Ordinary Shares pursuant
to the Company's Employee Share Incentive
Plan
------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------------ --------------------
GBP0.01 1,630
------------------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
------------------------------------------- ----------------------------------------------
e) Date of the transaction 10 September 2021
------------------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Derek Bulmer
------------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------------- ----------------------------------------------
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 Ordinary Shares of GBP0.01 each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB00BDFGGK53
------------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of Ordinary Shares pursuant
to the Company's Employee Share Incentive
Plan
------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------------ --------------------
GBP0.01 1,630
------------------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
------------------------------------------- ----------------------------------------------
e) Date of the transaction 10 September 2021
------------------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Leanne Wilkinson
------------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Finance Director, Tekmar Energy
------------------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------------- ----------------------------------------------
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 Ordinary Shares of GBP0.01 each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB00BDFGGK53
------------------------------------------- ----------------------------------------------
b) Nature of the transaction Exercise of options over Ordinary
Shares pursuant to the Company's
Long Term Incentive Plan
------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------------ --------------------
GBP0.01 1,630
------------------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
------------------------------------------- ----------------------------------------------
e) Date of the transaction 10 September 2021
------------------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alistair Cutting
------------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Group Financial Controller
------------------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------------- ----------------------------------------------
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 Ordinary Shares of GBP0.01 each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB00BDFGGK53
------------------------------------------- ----------------------------------------------
b) Nature of the transaction Exercise of options over Ordinary
Shares pursuant to the Company's
Long Term Incentive Plan
------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------------ --------------------
GBP0.01 1,630
------------------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
------------------------------------------- ----------------------------------------------
e) Date of the transaction 10 September 2021
------------------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim Pearson
------------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Group In-House Legal Counsel
------------------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------------- ----------------------------------------------
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 Ordinary Shares of GBP0.01 each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB00BDFGGK53
------------------------------------------- ----------------------------------------------
b) Nature of the transaction Exercise of options over Ordinary
Shares pursuant to the Company's
Long Term Incentive Plan
------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------------ --------------------
GBP0.01 1,630
------------------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
------------------------------------------- ----------------------------------------------
e) Date of the transaction 10 September 2021
------------------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ----------------------------------------------
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END
DSHBDGDCRBBDGBU
(END) Dow Jones Newswires
September 15, 2021 08:21 ET (12:21 GMT)
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