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Issue of Equity, Director Dealings & TVR

RNS Number : 8970L

Tekmar Group PLC

15 September 2021

TEKMAR GROUP PLC

("Group" or the "Company")

Issue of Equity for Share Incentive Plan ("SIP")

Director/PDMR Dealings

Total Voting Rights

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces that the Company, on 10 September 2021 ("Award Date"), issued and allotted a total of 241,376 new ordinary shares of £0.01 each in the Company ("SIP Shares"), which have been purchased at nominal value by the Tekmar Group plc Employee Share Incentive Plan.

On 2 August 2021, the Company invited eligible employees of the Company to participate in an HMRC approved Share Incentive Plan. The scheme is a tax efficient share incentive plan. Eligible employees at the Award Date received £750 worth of free shares in recognition of the valuable contribution made by employees (the "Award"). Shares issued under the SIP are held by Equiniti Share Plan Trustees Limited. The Trust currently holds 9,644 unallocated shares (previously forfeited Shares) that are available to use towards the Free Share allocation.

Director/PDMR dealings

The following PDMRs will be issued 1,630 ordinary shares of £0.01 ("Ordinary Shares") respectively, with their resultant respective interests in the Company's enlarged issued share capital as below:

Director/PDMR	Existing number of Ordinary Shares held	Ordinary Shares issued pursuant to SIP	Resultant number of Ordinary Shares held	Percentage interest in the Company's enlarged issued share capital
Alasdair Macdonald, CEO, Tekmar Group PLC	509,526	1,630	511,156	0.99%
Derek Bulmer, CFO, Tekmar Group PLC	0	1,630	1,630	0.003%
Leanne Wilkinson, Finance Director, Tekmar Energy	0	1,630	1,630	0.003%
Alistair Cutting, Group Financial Controller, Tekmar Group PLC	0	1,630	1,630	0.003%
Jim Pearson, Group In-House Legal Counsel, Tekmar Group PLC	0	1,630	1,630	0.003%

Admission to trading

Application has been made for the SIP Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission to AIM will become effective on or around 21 September 2021.

The SIP Shares shall rank equally with the existing Ordinary Shares.

Total voting rights

Following the issue of SIP Shares, the Company will have 51,608,603 Ordinary Shares in issue and the total number of voting shares in Tekmar Group plc will be 51,608,603.

The above figure of 51,608,603 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the share capital of Tekmar Group plc under the Financial Conduct Authority's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provide further detail.

Enquiries:

Tekmar Group plc

Alasdair MacDonald, CEO

Derek Bulmer, CFO

+44 (0)1325 349 050

Singer Capital Markets (Nominated Adviser and Joint Broker)

Rick Thompson / Rachel Hayes

+44 (0)20 7496 3000

Berenberg (Joint Broker)

Chris Bowman / Ben Wright / Ciaran Walsh

+44 (0)20 3207 7800

Bamburgh Capital Limited (Financial PR & Investor Relations)

Murdo Montgomery

+44 (0) 191 249 7442

About Tekmar Group plc - www.tekmargroup.com

Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets. The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited.

Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985.

Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.

AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis. AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services.

Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.

Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.

Tekmar Energy is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group plc also has strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.

Subscribe to further news from around the Group at Group News

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alasdair MacDonald
2	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	Tekmar Group plc
b)	LEI	213800839UQKQTV33E71
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 £0.01 each ("Ordinary Shares") GB00BDFGGK53
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to the Company's Employee Share Incentive Plan
c)	Price(s) and volume(s)	Price	Volume
		£0.01	1,630
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction N/A - single transaction
e)	Date of the transaction	10 September 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Derek Bulmer
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 participant, auction platform, auctioneer or auction monitor
a)	Name	Tekmar Group plc
b)	LEI	213800839UQKQTV33E71
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 £0.01 each ("Ordinary Shares") GB00BDFGGK53
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to the Company's Employee Share Incentive Plan
c)	Price(s) and volume(s)	Price	Volume
		£0.01	1,630
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction N/A - single transaction
e)	Date of the transaction	10 September 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Leanne Wilkinson
2	Reason for the notification
a)	Position/status	Finance Director, Tekmar Energy
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tekmar Group plc
b)	LEI	213800839UQKQTV33E71
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 £0.01 each ("Ordinary Shares") GB00BDFGGK53
b)	Nature of the transaction	Exercise of options over Ordinary Shares pursuant to the Company's Long Term Incentive Plan
c)	Price(s) and volume(s)	Price	Volume
		£0.01	1,630
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction N/A - single transaction
e)	Date of the transaction	10 September 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alistair Cutting
2	Reason for the notification
a)	Position/status	Group Financial Controller
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tekmar Group plc
b)	LEI	213800839UQKQTV33E71
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 £0.01 each ("Ordinary Shares") GB00BDFGGK53
b)	Nature of the transaction	Exercise of options over Ordinary Shares pursuant to the Company's Long Term Incentive Plan
c)	Price(s) and volume(s)	Price	Volume
		£0.01	1,630
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction N/A - single transaction
e)	Date of the transaction	10 September 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jim Pearson
2	Reason for the notification
a)	Position/status	Group In-House Legal Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tekmar Group plc
b)	LEI	213800839UQKQTV33E71
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 £0.01 each ("Ordinary Shares") GB00BDFGGK53
b)	Nature of the transaction	Exercise of options over Ordinary Shares pursuant to the Company's Long Term Incentive Plan
c)	Price(s) and volume(s)	Price	Volume
		£0.01	1,630
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction N/A - single transaction
e)	Date of the transaction	10 September 2021
f)	Place of the transaction	Outside a trading venue

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Issue of Equity, Director Dealings & TVR - Tekmar Group PLC | RNS | Ticker