RNS Number : 9471G
Mincon Group Plc
15 March 2024
 

Mincon Group plc

("Mincon" or the "Company")

 

Director / PDMR Shareholding

 

 

The Company announces that on 14 March 2024, it granted options over ordinary shares of nominal value €0.01 each in the capital of the Company ("Ordinary Shares") to certain employees pursuant to the Company's 2022 Long Term Incentive Plan (the "Plan").

 

Options over an aggregate of 2,860,000 Ordinary Shares (the "Options") have been granted under the Plan, exercisable at a price of €0.52 each, being the share price at the time of grant. The Options will vest on the third anniversary of the award date, subject to the achievement of specified performance conditions (see below). Vested Options will expire if they have not been exercised after seven years from the date of grant.

 

The Options will vest subject to the satisfaction of the following performance conditions: (i) 50% of the Options will vest on the achievement by the Company of a compound annual growth rate ("CAGR") in Earnings Per Share ("EPS") greater than or equal to 25% over the three financial years ending on 31 December 2026; and (ii) 50% of the Options will vest on the achievement by the Company of a Return on Capital Employed ("ROCE") of greater than or equal to 13% for the financial year ended 31 December 2026.

 

Details of the grants of Options over Ordinary Shares to persons discharging managerial responsibilities are set out in the table at the end of this announcement.

 

Ends

 

15 March 2024

 

Mincon Group plc                    Tel: +353 (61) 361 099

Joe Purcell CEO           

Mark McNamara CFO   

           

Davy Corporate Finance

(Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker) Tel: +353 (1) 679 6363

Anthony Farrell 

Daragh O'Reilly

           

Shore Capital (Joint Broker)     Tel: +44 (0) 20 7408 4090

Malachy McEntyre        

Mark Percy      

Daniel Bush

 

 

 

 

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 

 This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Mark McNamara

2

Reason for the notification

 

a)

Position/status

 

Chief Financial Officer / PDMR

 

b)

Initial Notification Amendment

 

Initial Notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mincon Group plc

 

b)

LEI

635400LCBSV68KQHN886

 

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

 

Options to subscribe for Ordinary Shares of Nominal Value €0.01 each.

 

ISIN:     IE00BD64C665

b)

Nature of the transaction  

 

Grant of Options to subscribe for new Ordinary Shares under the Mincon Group plc Long Term Incentive Plan 2022. Options shall vest over a three year period, subject to the satisfaction of performance conditions.  

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

€0.52

200,000

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

 

N/A

 

 

e)

Date of the transaction

 

14 March 2024

 

f)

Place of the transaction

 

Outside a trading venue

 

 

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END
 
 
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