Grant of Awards Under New LTIP

RNS Number : 9046F
Argentex Group PLC
10 November 2022
 

10 November 2022

 

Argentex Group PLC

("Argentex" or the "Group")

 

Grant of Awards Under New LTIP, PDMR Notification

 

Following Argentex's announcement on 8 November 2022 regarding the establishment of a new Long Term Incentive Plan ("LTIP" and the "Announcement"), the Group today announces the following awards to Persons Discharging Managerial Responsibility:

 

PDMR

Role

% of total award

Aggregate no. of growth shares issued under the new LTIP

No. of existing options cancelled

Harry Adams

CEO

12%

2,400

-

David Christie

Chief Operating Officer

12%

2,400

905,660

Jo Stent

Chief Financial Officer

6%

1,200

452,830

 

Any capitalised terms contained within this announcement take the meaning given to them in the Announcement.

 

For further information, please contact:

 

Argentex Group PLC

Harry Adams - Chief Executive Officer

Jo Stent - Chief Financial Officer

investorrelations@argentex.com

 

FTI Consulting (Financial PR)

Ed Berry / Ambrose Fullalove / Jenny Boyd

argentex@fticonsulting.com

 

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan

020 7496 3000

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

  Harry Adams

2

Reason for the notification

a)

 

Position/status

Chief Executive Officer

b)

 

Initial notification /Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

 

Argentex Group plc

b)

 

LEI

 

 

2549007V7B928Q178194

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

Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.  Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company.

 


Identification code

GB00BJLPH056 (Ordinary Shares)

 

 

b)

 

Nature of the transaction


Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

 

c)

 

Price(s) and volume(s)

 

Transaction

Price(s)

Volume(s)

Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited

£85.00 per share

1,200

Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited

£85.00 per share

1,200

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

N/A

 


- Price


 


e)

 

Date of the transaction

9 November 2022

f)

Place of the transaction

Off-market transaction

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

  David Christie

2

Reason for the notification

a)

 

Position/status

Chief Operating Officer

b)

 

Initial notification /Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

 

Argentex Group plc

b)

 

LEI

 

 

2549007V7B928Q178194

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

Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.  Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company.  

Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

 


Identification code

GB00BJLPH056 (Ordinary Shares)

 

 

b)

 

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Cancellation of 905,660 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

 

c)

 

Price(s) and volume(s)

 

Transaction

Price(s)

Volume(s)

Cancellation of Existing Options over Ordinary Shares

135p

905,660

Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited

£85.00 per share

1,200

Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited

£85.00 per share

1,200

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

N/A

 

 

- Price

 

 

 

e)

 

Date of the transaction

9 November 2022

f)

Place of the transaction

Off-market transaction

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

  Jo Stent

2

Reason for the notification

a)

 

Position/status

Chief Financial Officer

b)

 

Initial notification /Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

 

Argentex Group plc

b)

 

LEI

 

 

2549007V7B928Q178194

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

Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP.  Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company. 

Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

 


Identification code

GB00BJLPH056 (Ordinary Shares)

 

 

b)

 

Nature of the transaction


Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

C ancellation of 452,830 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

 

c)

 

Price(s) and volume(s)

 

Transaction

Price(s)

Volume(s)

Cancellation of Existing Options over Ordinary Shares

135p

452,830

Subscription of 600 growth A shares in the capital of Argentex Capital Limited

£85.00 per share

600

Subscription of 600 growth B shares in the capital of Argentex Capital Limited

£85.00 per share

600

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

N/A

 


- Price


 


e)

 

Date of the transaction

9 November 2022

f)

Place of the transaction

Off-market transaction

 

 

 

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