Tekmar Group
plc
("Tekmar", the "Company" or the "Group")
Issue of Equity, PDMR
Dealings and Total Voting Rights
Tekmar Group plc (AIM: TGP), the
leading provider of technology and services for the global offshore
energy markets, confirms that further to the announcement dated 14
November 2023 it has issued 347,222 ordinary shares of 1 pence each
in the share capital of the Company ("Ordinary Shares") as part of
the Group's agreement to acquire the remaining 20 per cent. of
Ryder Geotechnical (the "Transaction").
The Transaction agreement included a
balance of £50,000 to be paid in the form of shares in the Company
maturing equally on the first and second anniversary of the
Transaction, provided both Nigel Martin and Fraser Gibson (the
"Sellers") remained employed by the Company. Accordingly, Nigel
Martin has been issued with 152,778 Ordinary Shares and Fraser
Gibson has been issued 194,444 Ordinary Shares. The shares were
issued at a price of 7.2 pence per share based on a closing
mid-market price of the Company's Ordinary Shares on 12 November
2024, being the last practicable day prior to the first anniversary
of the Transaction.
Application has been made for the
347,222 new Ordinary Shares to be admitted to trading on AIM
("Admission"), and dealings are expected to commence on or around
10 January 2025. The new Ordinary Shares will rank pari passu with
the Company's existing Ordinary Shares.
Following Admission, the Company
will have 137,617,201 Ordinary Shares of 1 pence each in issue. The
Company has no shares in treasury, therefore the figure of
137,617,201 should be used by shareholders for the calculations by
which they will determine if they are required to notify their
interest in, or a change of their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency
Rules.
Enquiries:
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Tekmar Group Plc
Richard
Turner, CEO
Leanne Wilkinson, CFO
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c/o +44 (0)20 4582 3500
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Cavendish Capital Markets Limited (Nomad and
Broker)
Peter Lynch
Neil McDonald
Pearl Kellie
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+44 (0)131 220 9772
+44 (0)131 220 9771
+44 (0)131 220 9775
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Gracechurch Group (Financial Media & Investor
Relations)
Murdo Montgomery
Heather Armstrong
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+44 (0)20 4582 3500
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About Tekmar Group plc
Tekmar Group plc 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.com
Subscribe to further news from
Tekmar Group at Group News.
PDMR Notification
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Fraser Gibson
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2
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Reason for the notification
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a)
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Position/status
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Managing Director RYDER
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b)
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Initial notification
/Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
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a)
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Name
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Tekmar Group plc
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b)
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LEI
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213800839UQKQTV33E71
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4
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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
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a)
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Description of the financial
instrument, type of instrument
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Ordinary Shares of 1p each
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|
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Identification code
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GB00BDFGGK53
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b)
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Nature of the transaction
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Issue of Consideration
Shares
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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7.2p
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194,444
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d)
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Aggregated information
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N/A - Single transaction
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e)
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Date of the transaction
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7 January 2025
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f)
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Place of the transaction
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Outside a trading venue
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