Tristel PLC Director Option Grant
23 January 2025 - 6:00PM
RNS Regulatory News
RNS Number : 3495U
Tristel PLC
23 January 2025
Tristel plc
("Tristel" or the
"Company")
Director Option
Grant
Tristel plc (AIM: TSTL), the
manufacturer of infection prevention products, announces that on 22
January 2025 it granted a total of 127,468 new share options (the
"Options") over ordinary shares of 1 pence each ("Ordinary Shares")
under the new Long Term Incentive Plan ("LTIP") in the Company, to
two directors as follows:
|
Director's name
|
Position
|
Number of Options granted
|
Aggregate number of options post grant
|
Current total beneficial holding of
Ordinary Shares
|
Current holding as a % of Issued
share capital
|
|
Matt Sassone
|
CEO
|
77,004
|
77,004
|
0
|
0
|
|
Liz Dixon
|
CFO
|
50,464
|
50,464
|
150,000
|
0.31
|
Terms of the new LTIP
The performance targets for the
LTIP awards will be 50% based on earning per share (EPS) targets
and 50% based on relative total shareholder return (TSR) versus the
constituents of the AIM 100 as at the grant of the awards as
follows:
|
50%
of Initial awards
|
50%
of Initial awards
|
|
|
EPS
FY 26/27
|
%
of EPS Part that Vests
|
Relative TSR measured over 3 years from
grant
|
%
of TSR Part that Vests
|
|
|
Less than 18p
|
0%
|
Below median
|
0%
|
|
|
Between 18p and 25p
|
Pro-rata 25% to 100%
|
Between median and upper
quartile
|
Pro-rata 25% to 100%
|
|
|
25p or better
|
100%
|
Upper quartile or above
|
100%
|
|
This announcement was deemed by the
company to contain inside information as stipulated under the
Market Abuse Regulations (EU) no. 596/2014 as they form part of UK
domestic law by virtue of the European Union (withdrawal) Act 2018.
With the publication of this announcement, this information is now
considered to be in the public domain.
For further
information please contact:
|
Tristel plc
|
Via
Walbrook PR
|
|
Matt Sassone, Chief Executive
Officer
|
www.investors.tristel.com
|
|
Liz Dixon, Chief Financial
Officer
|
|
|
|
|
|
Walbrook PR Ltd
|
Tel: 020
7933 8780 or tristel@walbrookpr.com
|
|
Paul McManus
|
Mob: 07980
541 893
|
|
Lianne Applegarth
|
Mob: 07584 391303
|
|
|
|
|
Cavendish Capital Markets Limited
|
Tel: 020
7220 0500
|
|
Geoff Nash / Camilla Hume / Trisyia
Jamaludin (Corporate Finance)
|
|
|
Sunila de Silva (ECM)
Louise Talbot (Sales)
|
|
|
|
| |
About Tristel
plc
Tristel plc is a global infection
prevention company focussed on the manufacture and supply of
products using its unique proprietary chlorine dioxide
(ClO2) chemistry. The Company is a market leader
in manual decontamination of medical devices, supplying
hospitals under the Tristel brand, and under the Cache brand
provides products for sporicidal surface disinfection, in a format
which is a sustainable alternative to commonly used pre-wetted
plastic wipes.
Tristel's head office and manufacturing
facility is located in Snailwell, near Cambridge, and operates
globally employing approximately 250 people across 14 subsidiaries
selling into 40 countries.
The Company has been listed on the London Stock
Exchange's AIM market since 2005 (AIM: TSTL).
For more information about Tristel's product
range please visit: https://tristel.com
The information set out below is provided in
accordance with the requirements of Article 19(3) of the EU Market
Abuse Regulation No 596/2014 which forms part of UK Law by virtue
of the European Union (Withdrawal) Act 2018.
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Matthew Sassone
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
CEO
|
|
b)
|
Initial notification/Amendment
|
Initial notification
|
|
3.
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Tristel plc
|
|
b)
|
LEI
|
2138009DZ4LH9CZGF662
|
|
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 1p each
|
|
Identification code
|
GB00B07RVT99
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
1pence, 77,004 shares
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
See above
|
|
e)
|
Date of the transaction
|
22 January 2025
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Elizabeth Dixon
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
CFO
|
|
b)
|
Initial notification/Amendment
|
Initial notification
|
|
3.
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Tristel plc
|
|
b)
|
LEI
|
2138009DZ4LH9CZGF662
|
|
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 1p each
|
|
Identification code
|
GB00B07RVT99
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
1 pence, 50,464 shares
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
See above
|
|
e)
|
Date of the transaction
|
22 January 2025
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
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