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On 24 March 2025, Tekmar Group plc announced the launch of its 2025 Save As You Earn (SAYE) share scheme for eligible UK-based employees. The scheme grants options over the Company's ordinary shares of £0.01 each, following three years of monthly salary deductions. Participants may exercise options at 5.63p, which represents a 10% discount to the 6.25p closing share price on 6 March 2025.
| Date | 24 Mar 2025 |
| Time | 15:15:19 |
| Category | Miscellaneous |
| ID | 9288B |
Tekmar Group plc
("Tekmar", the "Company" or the "Group")
Launch of SAYE Scheme
Tekmar Group plc (AIM: TGP), the leading provider of technology and services for the global offshore energy markets, announces that it has launched the 2025 Save As You Earn share scheme ("2025 SAYE Scheme") for all eligible UK-based employees.
The 2025 SAYE Scheme allows eligible employees to commit to making a deduction from salary each month over three years. These employees shall be granted a corresponding number of options over the Company's ordinary shares of £0.01 ("Ordinary Shares"), subject to certain customary conditions being satisfied. Participants may opt to withdraw from the 2025 SAYE Scheme, recovering paid-in funds, at any point. Participants who have made 36 monthly payments may also opt to exercise their options at the exercise price of 5.63p.
As agreed with HMRC, the exercise price has been determined by applying a discount of 10% to the closing price of the Company's Ordinary Shares on 6 March 2025 (6.25p), being the day before the invitation to participate was made.
Enquiries:
|
Tekmar Group Plc Leanne Wilkinson, CFO |
c/o +44 (0)20 4582 3500 |
|
Cavendish Capital Markets Limited (Nomad and Broker) Neil McDonald Pearl Kellie |
+44 (0)131 220 9771 +44 (0)131 220 9775 |
|
Gracechurch Group (Financial Media & Investor Relations) Murdo Montgomery Heather Armstrong |
+44 (0)20 4582 3500 |
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
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