21 November 2024
Eneraqua Technologies
plc
("Eneraqua", the
"Company" or the "Group")
Grant of Share Options
Eneraqua Technologies plc, a provider of
specialist energy and water efficiency solutions, announces that on
21 November 2024, it granted share options ("Options") over 210,000
ordinary shares of 1 pence each ("Ordinary Shares") to John Samuel,
Chief Financial Officer.
The Options have an exercise price of 50.0
pence and will vest the third anniversary of the grant of the
awards, subject to the grantee's continued service and to the
extent to which the performance conditions set for the awards are
satisfied.
The performance vesting of up to a distinct 50
percent. of each award will be dependent on the Company's total
shareholder return ("TSR") performance over the three year period
following the grant of the award relative to the TSR performance
(over the same period) of the constituents of the FTSE AIM 100 as
at the grant of the award. Sliding scale targets apply.
The performance vesting of up to the other 50
percent. of the award will be dependent on the Company's adjusted
earnings per share for the financial year ending 31 January 2027.
Sliding scale targets apply.
In respect of each of the above measures, an
environmental, social and governance related underpin measure also
applies, with a commitment on reducing the level of the Company's
Scope 1 emissions over the three-year period.
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For
further information please contact:
Eneraqua Technologies plc
Mitesh Dhanak, Chief Executive
Officer
John Samuel, Chief Financial
Officer
|
Via Alma
|
|
Panmure Liberum Limited (Nomad and Joint
Broker)
Edward Mansfield
John More
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Tel: 0203 100 2000
|
|
Singer Capital Markets (Joint
Broker)
Sandy Fraser
Asha Chotai
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Tel: 020 7496 3000
|
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Alma Strategic Communication (Financial PR)
Justine James
Andy Bryant
Will Ellis Hancock
Emma Thompson
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Tel: 020 3405 0205
eneraqua@almastrategic.com
|
Notes to
editors
Eneraqua Technologies (AIM:ETP) is a specialist
in energy and water efficiency. The Group has two divisions energy
and water. Energy is the larger division, with the Company focused
on clients with end of life gas, oil or electric heating and hot
water systems. The Group provides turnkey retrofit district or
communal heating systems based either on high-efficiency gas or
ground/air source heat pump solutions that support Net Zero and
decarbonisation goals.
The water division is a growing service
offering focused on water efficiency upgrades for utilities and
commercial clients including hotels and care homes.
The activities in both divisions are
underpinned by the Company's wholly-owned intellectual property,
the Control Flow HL2024 family of products which reduce water
wastage and improve the performance of heating and hot water
systems.
The Company's main country of operation is the
United Kingdom. The Company's head office is based in London with
additional offices in Leeds, Washington (Sunderland), India, Spain
and the Netherlands. The Company has 168 employees, with the
majority employed within the UK. Eneraqua Technologies has received
the London Stock Exchange's Green Economy Mark.
To find out more, please visit:
www.eneraquatechnologies.com
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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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John Samuel
|
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2
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Reason for Notification
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a)
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Position/status
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Chief Financial Officer
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b)
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Initial
notification/Amendment
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Initial Announcement
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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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Eneraqua Technologies plc
|
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b)
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LEI
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21380045T7LPP2T83245
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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
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary Shares of 1
pence each in Eneraqua Technologies plc
GB00BNYDGM91
|
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b)
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Nature of the transaction
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Grant of options over Ordinary
Shares under the Eneraqua Technologies plc Long Term Incentive Plan
at an option price of 50 pence per Ordinary Share.
|
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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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50
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210,000
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|
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d)
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Aggregated information
- Aggregated
volume
- Price
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Not applicable - single
transaction
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e)
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Date of the transaction
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20 November 2024
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f)
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Place of the transaction
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Outside of a trading
venue
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