Vesting and Award of Options under LTIP

Abingdon Health PLC

04 December 2025

 

Abingdon Health plc

("Abingdon Health", the "Group" or the "Company")

Vesting and Award of Options under LTIP

York, UK 4 December 2025: Abingdon Health plc (AIM: ABDX), a leading international developer, manufacturer and regulatory services provider for rapid diagnostic tests and med-tech, announces updates, under the terms of the existing Long Term Incentive Plan established in December 2022 ("LTIP" or the "Plan"). The Plan issues share options ("Options") over ordinary shares of 0.025 pence each ("Ordinary Shares") to certain directors and senior management, in order to incentivise and encourage retention in a manner that aligns with the interests of the Company's shareholders.

Regarding the FY23 LTIP, 16% of the LTIPs awarded in December 2022 have now vested against performance criteria for the financial year ended 30 June 2025 ("FY25"), based on revenue and EBITDA targets. A total of 512,800 shares with an exercise price of 7 pence have vested as illustrated below, with 2,692,199 LTIP shares from the FY23 scheme lapsing.

PDMR	Role	Options vested and exercisable under the FY23 LTIP (FY23-FY25 inclusive)	Lapsed LTIP under the FY23 LTIP
Chris Hand	Executive Chairman	68,571	360,000
Chris Yates	Chief Commercial Officer President, Abingdon Health USA	205,714	1,080,000
Mark Jones	Chief Operating Officer	96,000	504,000
Nina Garrett	Chief Technical Officer	82,400	432,600
Candice Vendettuoli	Director of QARA	45,714	240,000
Natalie Thrush	Chief of Staff/Head of HR	14,400	75,600

In addition, under the terms of the Plan, the Company has awarded new nil cost LTIPs totalling 3,361,000 shares which will vest circa October 2028, following publication of audited accounts for the financial year ending 30 June 2028 ("FY28"), and subject to achieving performance targets based on revenue and EBITDA for performance in FY28.  50% of these new awards are based on achieving revenue targets and 50% are based on EBITDA targets.   

New and existing LTIPs are summarised below:

PDMR	Role	Existing LTIPs less those lapsed from FY23	New FY26 LTIPs	Total less lapsed FY23
Chris Hand	Executive Chairman	1,298,057	946,000	2,244,057
Tom Hayes	Chief Financial Officer	660,000	660,000	1,320,000
Chris Yates	Chief Commercial Officer President, Abingdon Health USA	2,002,173	555,000	2,557,173
Mark Jones	Chief Operating Officer	997,376	300,000	1,297,376
Nina Garrett	Chief Technical Officer	839,556	300,000	1,139,556
Candice Vendettuoli	Director of QARA	549,200	300,000	849,200
Natalie Thrush	Chief of Staff/Head of HR	383,207	300,000	683,207

The total LTIP share options outstanding, less those which have now lapsed from the FY23 scheme, from FY23, FY24, FY25 and FY26 is 10,090,570. If all these LTIP options were to vest and be exercised this equates to 3.86% of ordinary shares post exercise of options.

Enquiries:

Abingdon Health plc	www.abingdonhealth.com/investors/
Chris Hand, Executive Chairman		Via Walbrook PR
Tom Hayes, CFO
Zeus (Sole Broker and Nominated Adviser)		Tel: [phone]
Antonio Bossi / Jacob Walker (Corporate Finance)
Walbrook PR (Media & Investor Relations)	Tel: [phone] or [e-mail]
Paul McManus / Alice Woodings	Mob: [phone]

About Abingdon Health

Abingdon Health Group is a leading med-tech contract service provider offering its services to an international customer base.   

The Group's CDMO (Contract Development and Manufacturing Organisation) expertise offers lateral flow product development, regulatory support, technology transfer and manufacturing services for customers looking to develop new assays or transfer existing laboratory-based assays to a lateral flow format.  Abingdon Health has the internal capabilities to take lateral flow projects, in areas such as infectious disease and clinical testing, including companion diagnostics, animal health and environmental testing, from initial concept through to routine manufacturing; from idea to commercial success. 

Abingdon's regulatory services companies, Compliance Solutions (Life Sciences) and IVDeology, provide a broad range of regulatory services to the in vitro diagnostic and wider medical device industry, to support customers in bringing products to market across a range of territories including the USA, EU and the UK.  Its consultancy services range from design, implementation and maintenance of quality management systems, preparation of technical files for regulatory approvals, part-time and interim management support, auditing both internal and external, management reviews and presentations, training and mentoring.   The Company's subsidiary, Abingdon Analytical Ltd, offers analytical testing and performance evaluation to generate the required technical and data for regulatory approval for lateral flow and other in vitro diagnostic assays from its Doncaster, England facilities. 

Founded in 2008, Abingdon Health is headquartered in York, England with laboratories in Doncaster, England and laboratories and commercial offices in Madison, Wisconsin, USA.

Abingdon Health's brochure outlines the comprehensive support the Group can now provide to its international customers.  For more information visit: www.abingdonhealth.com.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Chris Hand
2	Reason for the notification
a)	Position/Status:	Executive Chairman
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	946,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Chris Yates
2	Reason for the notification
a)	Position/Status:	Chief Commercial Officer / President, Abingdon Health USA
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	555,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Tom Hayes
2	Reason for the notification
a)	Position/Status:	Chief Financial Officer
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	660,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mark Jones
2	Reason for the notification
a)	Position/Status:	Chief Operating Officer
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	300,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Nina Garrett
2	Reason for the notification
a)	Position/Status:	Chief Technical Officer
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	300,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Candice Vendettuoli
2	Reason for the notification
a)	Position/Status:	Director of QARA
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	300,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Natalie Thrush
2	Reason for the notification
a)	Position/Status:	Chief of Staff / Head of HR
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Abingdon Health plc
b)	LEI:	213800XFI4WV3FBILO20
4.	Details of 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: Identification code:	Ordinary Shares of 0.025 pence each GB00BLF79J41
b)	Nature of the transaction:	Award of LTIP Options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	300,000
d)	Aggregated volume: Price:	See above
e)	Date of the Transaction:	3 December 2025
f)	Place of the Transaction:	Outside a trading venue

 

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