Tekmar Group PLC - Exercise of Options and Total Voting Rights

RNS Number : 1879X

Tekmar Group PLC

22 July 2024

Tekmar Group plc

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

Exercise of Options and Total Voting Rights

Tekmar Group plc, a leading provider of technology and services for the global offshore energy markets, announces that it has issued, conditional on admission, 1,197,353 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), pursuant to the exercise of share options by certain PDMRs. Of the 1,197,353 share options being exercised, 1,180,280 relate to the Company's Share Option Plan and 17,073 relate to the Company's 2021 Retention Plan.

Full details can be found in the table below:

PDMR	Job title	Number of options being exercised
Alastair Macdonald*	CEO	826,273
Leanne Wilkinson	CFO	125,000
Gary Howlett	Group Sales Director	42,146
Fraser Gibson	MD - RYDER	87,267
Marc Bell	MD - Tekmar Energy	116,667
Total:		1,197,353

* 809,200 options are being exercised in relation to the company's Share Option Plan and 17,073 options are being exercised in relation to the Company's 2021 Retention Plan.

Application has been made for the 1,197,353 new Ordinary Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on 25 July 2024. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Total Voting Rights

Following Admission, the Group's share capital and total voting rights comprises 137,269,979 Ordinary Shares, with no Ordinary Shares held in treasury. Therefore, this figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Group under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Tekmar Group plc

Alasdair MacDonald, CEO

Leanne Wilkinson, CFO

Via Gracechurch Group

Singer Capital Markets (Nominated Adviser and Joint Broker)

Rick Thompson / Sam Butcher

+44 (0)20 7496 3000

Berenberg (Joint Broker)

Ben Wright / Ciaran Walsh

+44 (0)20 3207 7800

Gracechurch Group (Financial Media & Investor Relations)

Murdo Montgomery / Heather Armstrong

+44 (0)20 4582 3500

About Tekmar Group plc

Tekmar Group plc (LON:TGP) collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.

Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer's engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology.

We have a clear strategy focused on strengthening Tekmar's value proposition as an engineering solutions-led business which offers integrated and differentiated technology, services and products to our global customer base.

Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.

For more information visit: www.tekmargroup.co.uk.

Subscribe to further news from Tekmar Group at Group News.

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	Alasdair MacDonald
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Tekmar Group plc
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
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification code	GB00BDFGGK53
b)	Nature of transaction	Exercise of options under the Share Option Plan and 2021 2021 Retention Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	809,200 under Share Option Plan 17,073 under 2021 Retention Plan
d)	Aggregated information
	Aggregated volume	826,273
	Price	£0.01
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	Leanne Wilkinson
2	Reason for the notification
a)	Position/status	Chief Financial Officer, Tekmar Group plc
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
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification code	GB00BDFGGK53
b)	Nature of transaction	Exercise of options under the Share Option Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	125,000
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	Gary Howlett
2	Reason for the notification
a)	Position/status	Group Sales Director, Tekmar Group plc
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
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification code	GB00BDFGGK53
b)	Nature of transaction	Exercise of options under the Share Option Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	42,146
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
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
a)	Position/status	Managing Director - RYDER, Tekmar Group plc
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
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification code	GB00BDFGGK53
b)	Nature of transaction	Exercise of options under the Share Option Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	87,267
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	Marc Bell
2	Reason for the notification
a)	Position/status	Managing Director - Tekmar Energy, Tekmar Group plc
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
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification code	GB00BDFGGK53
b)	Nature of transaction	Exercise of options under the Share Option Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.01	116,667
d)	Aggregated information
	Aggregated volume	NA
	Price	NA
e)	Date of transaction
f)	Place of transaction	Outside a trading venue

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