Kistos Holdings
plc
("Kistos" or the
"Company")
Grant of Awards under the Kistos Holdings Plc 2021 Equity
Incentive Plan (the "Plan")
Under the established Kistos Holdings
Plc 2021 Equity Incentive Plan, the following grant of awards have
been made, being the LTIP (Long Term Incentive Plan) Awards and
Bonus RSU (Restricted Stock Unit) Awards.
Performance-based Restricted Share Unit Awards (the "LTIP
Awards")
On 1 March, the Company granted LTIP
Awards over a total of 1,691,639 Ordinary Shares under the Plan,
including 1,427,124 to the following Executive
Directors:
|
Executive Director / PDMR
|
Role
|
Number of Ordinary Shares over which LTIP Awards are
granted
|
|
Andrew Austin
|
Executive Chairman
|
543,666
|
|
Peter Mann
|
Chief Executive Officer
|
475,708
|
|
James Thomson
|
Chief Financial Officer
|
407,750
|
The number of Ordinary Shares over
which the LTIP Awards were granted was based on a percentage of
base salary, converted into a number of Ordinary Shares using a
share price of the average mid-market closing share price for the
five business days prior to the commencement date (1 January 2025),
as derived from the London Stock Exchange daily official list.
Shares subject to the Award shall be eligible to vest on the third
anniversary of the commencement date.
In summary, the vesting of the LTIP
Awards is dependent on continued employment and the achievement of
performance conditions against certain Total Shareholder Return
(TSR) and strategic targets, tested over a three year performance
period from the commencement date.
Bonus Restricted Share Unit Awards (the "Bonus RSU
Awards")
The Remuneration Committee has
decided to defer a portion of the 2024 bonus outcome, in lieu of
cash, into an award to be granted as Bonus RSU Awards.
On 1 March, the Company granted
Bonus RSU Awards over a total of 367,685 Ordinary Shares under the
Plan, including 252,040 to the following Executive
Directors:
|
Executive Director / PDMR
|
Role
|
Number of Ordinary Shares over which Bonus RSU Awards are
granted
|
|
Andrew Austin
|
Executive Chairman
|
116,123
|
|
Peter Mann
|
Chief Executive Officer
|
120,082
|
|
James Thomson
|
Chief Financial Officer
|
15,835
|
The number of Ordinary Shares over
which the Bonus Awards were granted was based on a proportion of
annual bonus, converted into a number of Ordinary Shares using the
same methodology as for the LTIP Awards.
The Bonus RSU Awards vest over a
two-year period, one-third vesting on the first anniversary of the
commencement date and the remaining two-thirds on the second
anniversary of the commencement date.
The notifications set out at the end
of this announcement, made in accordance with UK MAR, provide
further detail in relation to the LTIP Awards and Bonus RSU Awards
granted.
Enquiries
|
Kistos Holdings plc
Andrew Austin / Peter
Mann
|
via Hawthorn Advisors
|
|
Panmure Liberum (NOMAD, Joint Broker)
James
Sinclair-Ford / Dougie McLeod / Mark
Murphy
|
Tel: 0207
886 2500
|
|
Berenberg (Joint Broker)
Matthew Armitt / Ciaran
Walsh
|
Tel: 0203
207 7800
|
|
Hawthorn Advisors (Public Relations
Advisor)
Henry Lerwill / Simon
Woods
|
Tel: 0203
745 4960
|
|
Camarco (Public Relations Advisor)
Billy Clegg
|
Tel: 0203
757 4983
|
www.kistosplc.com
Notification and public disclosure
of transactions by persons discharging managerial responsibilities
and persons closed associated with them.
The below notifications are made in
accordance with the requirements of UK MAR.
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Andrew Austin
|
|
|
Reason for the
notification
|
|
a)
|
Position/status
|
Executive Chairman
|
|
b)
|
Initial Notification
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Kistos Holdings plc
|
|
b)
|
LEI
|
213800L2ET5KEP3OMV07
|
|
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
Identification code
|
Ordinary shares of £0.1
each
ISIN: GB00BLF7NX68
|
|
b)
|
Nature of the
transaction
|
Grant of two restricted share unit
awards under the Company's 2021 Equity Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0
|
543,666
|
|
£0
|
116,123
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
£0
|
659,789
|
|
|
e)
|
Date of the transaction
|
1 March 2025
|
|
f)
|
Place of the transaction
|
N/A
|
|
g)
|
Additional Information
|
N/A
|
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Peter Mann
|
|
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial Notification
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Kistos Holdings plc
|
|
b)
|
LEI
|
213800L2ET5KEP3OMV07
|
|
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
Identification code
|
Ordinary shares of £0.1
each
ISIN: GB00BLF7NX68
|
|
b)
|
Nature of the
transaction
|
Grant of two restricted share unit
awards under the Company's 2021 Equity Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0
|
475,708
|
|
£0
|
120,082
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
£0
|
595,790
|
|
|
e)
|
Date of the transaction
|
1 March 2025
|
|
f)
|
Place of the transaction
|
N/A
|
|
g)
|
Additional Information
|
N/A
|
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
James Thomson
|
|
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial Notification
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Kistos Holdings plc
|
|
b)
|
LEI
|
213800L2ET5KEP3OMV07
|
|
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
Identification code
|
Ordinary shares of £0.1
each
ISIN: GB00BLF7NX68
|
|
b)
|
Nature of the
transaction
|
Grant of an option, and two
restricted share unit awards under the Company's 2021 Equity
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0
|
407,750
|
|
£0
|
15,835
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
£0
|
423,585
|
|
|
e)
|
Date of the transaction
|
1 March 2025
|
|
f)
|
Place of the transaction
|
N/A
|
|
g)
|
Additional Information
|
N/A
|
