TIDMEAAS
RNS Number : 9020U
eEnergy Group PLC
08 December 2021
8 December 2021
eEnergy Group plc
("eEnergy" or "the Company")
Award of Options and PDMR Transactions
eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service
and Energy Management-as-a-Service business in the UK and Ireland,
announces that further to the announcement on 14 June 2021, the
Remuneration Committee of the Board has approved the award of
options to the executive management team over a total of 14,325,000
ordinary shares of GBP0.03 each in the capital of the Company (the
"Options"). The Company consulted with its leading institutional
investors prior to making these awards ("Institutional Investors")
and the feedback from the investors has been reflected in the
structure of the Option awards.
The Option awards have been made to incentivise and align the
wider management team of the business to help drive shareholder
value over the longer term. The awards have been structured
primarily to qualify for the tax advantaged Enterprise Management
Incentive ("EMI Share Options"), but also with non-advantaged share
option awards alongside. The awards have been made under the
Company's existing Management Incentive Plan ("MIP"), as announced
on 8 July 2020.
At the time of the Company's admission to AIM in January 2020,
the Board made a commitment that the maximum dilution for existing
shareholders by the MIP to management and staff would not exceed
15%. Following feedback from the Institutional Investors, the Board
will not increase the size of the pool of shares available for
share based incentives as further shares are issued by the Company
until the maximum potential dilution for existing shareholders has
fallen to 10%, in-line with the Investment Association's Principles
of Remuneration. As a result of these Option awards, the maximum
dilution for existing shareholders should all of the MIP awards be
exercised in full would be 14.06%.
The option awards are designed to retain the key management team
that the Company has brought together. With the exception of
Crispin Goldsmith*, the Options are being granted with an exercise
price at nominal value, but with various vesting criteria over a
three-year term, as follows:
-- 1/3rd with an exercise condition of the share price being above 24p at vesting;
-- 1/3rd with an exercise condition of the share price being above 20p at vesting; and
-- 1/3rd with no exercise price condition
The awards of Options to executives who are Persons Discharging
Managerial Responsibilities are as follows:
Name of Director/PDMR EMI Share Non-advantaged Total shares % of issued
Options share options under option share capital
Rob van Leeuwen 1,900,000 2,100,000 4,000,000 1.16%
----------------------- --------------- -------------- ---------------
Crispin Goldsmith* 1,900,000 600,000 2,500,000 0.73%
----------------------- --------------- -------------- ---------------
Delvin Lane 1,900,000 600,000 2,500,000 0.73%
----------------------- --------------- -------------- ---------------
Simon Smith 1,900,000 600,000 2,500,000 0.73%
----------------------- --------------- -------------- ---------------
Nicole Street 500,000 - 500,000 0.15%
----------------------- --------------- -------------- ---------------
* Crispin Goldsmith joined the Company to lead the M&A
activities in August 2020 (when the average daily share price for
the month was c.7p). The planned awards reflect Crispin's service
over the past 15 months, including contribution to growth in the
business during that time, and therefore he will be awarded 2/3rd
of his options with an exercise price condition of 15p and 1/3rd
with no exercise price condition.
For further information, please visit www.eenergyplc.com or
contact:
eEnergy Group plc Tel: +44 20 7078
9564
Harvey Sinclair, Chief Executive Officer info@eenergyplc.com
Ric Williams, Chief Financial Officer
Singer Capital Markets (Nominated Adviser Tel: +44 20 7496
and Joint Broker) 3000
Justin McKeegan, Mark Taylor, Asha Chotai
(Corporate Finance)
Tom Salvesen (Corporate Broking)
Turner Pope Investments (Joint Broker) Tel: +44 20 3657
0050
Andy Thacker, James Pope info@turnerpope.com
Tavistock Tel: +44 207 920
3150
Jos Simson, Simon Hudson, Katie Hopkins eEnergy@tavistock.co.uk
About eEnergy Group plc
eEnergy Group plc is an integrated energy services company,
enabling organisations to transition to 'Net Zero' through
"Energy-as-a-Service". The Group offers:
-- Energy Management as-a-Service; providing energy measurement,
monitoring and analytics on top of core "Zero Carbon" procurement
services;
-- Energy Efficiency as-a-Service; zero upfront capital, energy
reduction solutions through measured savings contracts including
its LED businesses; and
-- Enhanced customer value proposition through data gathered and
analysed with its proprietary MY ZeERO intelligent analytics
platform.
eEnergy was admitted to AIM in January 2020 with a strategy to
use its market leading eLight "Light as-a-Service" business as the
foundation to expand eEnergy as a broader energy services company
via a 'Buy & Build' strategy. The Group has completed four
transactions since admission, building a Top 5 energy management
business in the UK and acquiring proprietary smart metering and
analytics capability through the investment in MY ZeERO. The
Board's strategy continues to be to build a broader energy services
company through acquisition with a particular focus on energy
efficiency related capabilities and technologies. The market in the
EU for energy efficiency services was approximately EUR25 billion
in 2017 and is expected to double by 2025.
eEnergy has been awarded The Green Economy Mark by the London
Stock Exchange, which recognises a company's work on
sustainability.
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------
a. Name Rob van Leeuwen
----------------------------- -----------------------------------------------------------
2 Reason for notification
------------------------------------------------------------------------------------------
a. Position/Status Person Discharging Managerial Responsibilities
----------------------------- -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a. Name eEnergy Group plc
----------------------------- -----------------------------------------------------------
b. LEI 2138003SZQSPC16PLX94
----------------------------- -----------------------------------------------------------
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 Options over Ordinary shares of 0.3p each
the financial
instrument, type
of instrument
ISIN: GB00BJP1KD31
Identification
Code
----------------------------- -----------------------------------------------------------
b. Nature of the a) Grant of EMI Share Options
transaction b) Grant of Non-advantaged share options
----------------------------- -----------------------------------------------------------
c. Price(s) and Price(s) per share Volume(s)
volume(s)
----------------------------- -----------------------------
a) 0.3p - exercise a) 1,900,000
price b) 2,100,000
b) 0.3p - exercise
price
----------------------------- ------------------
d. Aggregated information
- Volume 4,000,000 share options
- Price 0.3p exercise price
----------------------------- -----------------------------------------------------------
e. Date of the transaction 7 December 2021
----------------------------- -----------------------------------------------------------
f. Place of the Outside a trading venue
transaction
----------------------------- -----------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
-------------------------------------------------------------------------------------------
a. Name Crispin Goldsmith
------------------------------ -----------------------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------------------
a. Position/Status Person Discharging Managerial Responsibilities
------------------------------ -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
------------------------------ -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name eEnergy Group plc
------------------------------ -----------------------------------------------------------
b. LEI 2138003SZQSPC16PLX94
------------------------------ -----------------------------------------------------------
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 Options over Ordinary shares of 0.3p each
the financial
instrument, type
of instrument
ISIN: GB00BJP1KD31
Identification
Code
------------------------------ -----------------------------------------------------------
b. Nature of the a) Grant of EMI Share Options
transaction b) Grant of Non-advantaged share options
------------------------------ -----------------------------------------------------------
c. Price(s) and Price(s) per share Volume(s)
volume(s)
------------------------------ -----------------------------
a) 0.3p - exercise a) 1,900,000
price b) 600,000
b) 0.3p - exercise
price
----------------------------- ------------------
d. Aggregated information
- Volume 2,500,000 share options
- Price 0.3p exercise price
------------------------------ -----------------------------------------------------------
e. Date of the transaction 7 December 2021
------------------------------ -----------------------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------------------
a. Name Delvin Lane
------------------------------ -----------------------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------------------
a. Position/Status Person Discharging Managerial Responsibilities
------------------------------ -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
------------------------------ -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name eEnergy Group plc
------------------------------ -----------------------------------------------------------
b. LEI 2138003SZQSPC16PLX94
------------------------------ -----------------------------------------------------------
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 Options over Ordinary shares of 0.3p each
the financial
instrument, type
of instrument
ISIN: GB00BJP1KD31
Identification
Code
------------------------------ -----------------------------------------------------------
b. Nature of the a) Grant of EMI Share Options
transaction b) Grant of Non-advantaged share options
------------------------------ -----------------------------------------------------------
c. Price(s) and Price(s) per share Volume(s)
volume(s)
------------------------------ -----------------------------
a) 0.3p - exercise a) 1,900,000
price b) 600,000
b) 0.3p - exercise
price
----------------------------- ------------------
d. Aggregated information
- Volume 2,500,000 share options
- Price 0.3p exercise price
------------------------------ -----------------------------------------------------------
e. Date of the transaction 7 December 2021
------------------------------ -----------------------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------------------
a. Name Simon Smith
------------------------------ -----------------------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------------------
a. Position/Status Person Discharging Managerial Responsibilities
------------------------------ -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
------------------------------ -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name eEnergy Group plc
------------------------------ -----------------------------------------------------------
b. LEI 2138003SZQSPC16PLX94
------------------------------ -----------------------------------------------------------
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 Options over Ordinary shares of 0.3p each
the financial
instrument, type
of instrument
ISIN: GB00BJP1KD31
Identification
Code
------------------------------ -----------------------------------------------------------
b. Nature of the a) Grant of EMI Share Options
transaction b) Grant of Non-advantaged share options
------------------------------ -----------------------------------------------------------
c. Price(s) and Price(s) per share Volume(s)
volume(s)
------------------------------ -----------------------------
a) 0.3p - exercise a) 1,900,000
price b) 600,000
b) 0.3p - exercise
price
----------------------------- ------------------
d. Aggregated information
- Volume 2,500,000 share options
- Price 0.3p exercise price
------------------------------ -----------------------------------------------------------
e. Date of the transaction 7 December 2021
------------------------------ -----------------------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------
a. Name Nicole Street
--------------------------------- -------------------------------------------------------
2 Reason for notification
------------------------------------------------------------------------------------------
a. Position/Status Person Discharging Managerial Responsibilities
--------------------------------- -------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a. Name eEnergy Group plc
--------------------------------- -------------------------------------------------------
b. LEI 2138003SZQSPC16PLX94
--------------------------------- -------------------------------------------------------
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 Options over Ordinary shares of 0.3p each
the financial
instrument, type
of instrument
ISIN: GB00BJP1KD31
Identification
Code
--------------------------------- -------------------------------------------------------
b. Nature of the Grant of EMI Share Options
transaction
--------------------------------- -------------------------------------------------------
c. Price(s) and Price(s) per share Volume(s)
volume(s)
--------------------------------- --------------------------------
0.3p - exercise
price 500,000
----------------------------------------------------------------------- ----------------
d. Aggregated information
- Volume 500,000 share options
- Price 0.3p exercise price
--------------------------------- -------------------------------------------------------
e. Date of the transaction 7 December 2021
--------------------------------- -------------------------------------------------------
f. Place of the Outside a trading venue
transaction
--------------------------------- -------------------------------------------------------
-ends-
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END
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December 08, 2021 02:00 ET (07:00 GMT)
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