Argentex Group PLC Grant of Awards Under New LTIP (9046F)
November 10 2022 - 2:00AM
UK Regulatory
TIDMAGFX
RNS Number : 9046F
Argentex Group PLC
10 November 2022
10 November 2022
Argentex Group PLC
("Argentex" or the "Group")
Grant of Awards Under New LTIP, PDMR Notification
Following Argentex's announcement on 8 November 2022 regarding
the establishment of a new Long Term Incentive Plan ("LTIP" and the
"Announcement"), the Group today announces the following awards to
Persons Discharging Managerial Responsibility:
PDMR Role % of total Aggregate No. of existing
award no. of growth options cancelled
shares issued
under the
new LTIP
Harry Adams CEO 12% 2,400 -
----------------- ----------- --------------- -------------------
Chief Operating
David Christie Officer 12% 2,400 905,660
----------------- ----------- --------------- -------------------
Chief Financial
Jo Stent Officer 6% 1,200 452,830
----------------- ----------- --------------- -------------------
Any capitalised terms contained within this announcement take
the meaning given to them in the Announcement.
For further information, please contact:
Argentex Group PLC
Harry Adams - Chief Executive Officer
Jo Stent - Chief Financial Officer
investorrelations@argentex.com
FTI Consulting (Financial PR)
Ed Berry / Ambrose Fullalove / Jenny Boyd
argentex@fticonsulting.com
Singer Capital Markets (Nominated Adviser and Broker)
Tom Salvesen / James Maxwell / Justin McKeegan
020 7496 3000
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Harry Adams
------------------------ --------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------ --------------------------------------------------------
b) Initial notification Initial
/Amendment
------------------------ --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Argentex Group plc
------------------------ --------------------------------------------------------
b) LEI 2549007V7B928Q178194
------------------------ --------------------------------------------------------
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 Growth A shares and growth B shares, each in
of the financial the capital of Argentex Capital Limited (a
instrument, type wholly owned subsidiary of the Company) under
of instrument the Company's LTIP. Subject to certain performance
conditions being met, the growth shares will
be exchanged for ordinary shares in the capital
of the Company.
Identification GB00BJLPH056 (Ordinary Shares)
code
b) Nature of the
transaction Subscription of 1,200 Growth A Shares and
1,200 Growth B Shares at GBP85.00 per share
under the Company's LTIP.
------------------------ --------------------------------------------------------
c) Price(s) and Transaction Price(s) Volume(s)
volume(s) Subscription of
1,200 growth A
shares in the capital
of Argentex Capital GBP85.00 per
Limited share 1,200
-------------- ----------
Subscription of
1,200 growth B
shares in the capital
of Argentex Capital GBP85.00 per
Limited share 1,200
-------------- ----------
------------------------------------------------------
d) Aggregated information
- Aggregated N/A
volume
- Price
e) Date of the 9 November 2022
transaction
------------------------ --------------------------------------------------------
f) Place of the Off-market transaction
transaction
------------------------ --------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Christie
------------------------ -------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------ -------------------------------------------------------
b) Initial notification Initial
/Amendment
------------------------ -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Argentex Group plc
------------------------ -------------------------------------------------------
b) LEI 2549007V7B928Q178194
------------------------ -------------------------------------------------------
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 Growth A shares and growth B shares, each in
of the financial the capital of Argentex Capital Limited (a
instrument, type wholly owned subsidiary of the Company) under
of instrument the Company's LTIP. Subject to certain performance
conditions being met, the growth shares will
be exchanged for ordinary shares in the capital
of the Company.
Cancellation of existing options over Argentex
ordinary shares pursuant to the Company's existing
CSOP.
Identification GB00BJLPH056 (Ordinary Shares)
code
b) Nature of the Subscription of 1,200 Growth A Shares and 1,200
transaction Growth B Shares at GBP85.00 per share under
the Company's LTIP.
Cancellation of 905,660 existing options over
Argentex ordinary shares pursuant to the Company's
existing CSOP.
------------------------ -------------------------------------------------------
c) Price(s) and Transaction Price(s) Volume(s)
volume(s) Cancellation of
Existing Options
over Ordinary Shares 135p 905,660
------------- ----------
Subscription of
1,200 growth A
shares in the capital
of Argentex Capital GBP85.00 per
Limited share 1,200
------------- ----------
Subscription of
1,200 growth B
shares in the capital
of Argentex Capital GBP85.00 per
Limited share 1,200
------------- ----------
-----------------------------------------------------
d) Aggregated information
- Aggregated N/A
volume
- Price
e) Date of the 9 November 2022
transaction
------------------------ -------------------------------------------------------
f) Place of the Off-market transaction
transaction
------------------------ -------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jo Stent
---------------------- --------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
---------------------- --------------------------------------------------------
b) Initial notification Initial
/Amendment
---------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Argentex Group plc
---------------------- --------------------------------------------------------
b) LEI 2549007V7B928Q178194
---------------------- --------------------------------------------------------
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 Growth A shares and growth B shares, each in
of the financial the capital of Argentex Capital Limited (a wholly
instrument, owned subsidiary of the Company) under the Company's
type of instrument LTIP. Subject to certain performance conditions
being met, the growth shares will be exchanged
for ordinary shares in the capital of the Company.
Cancellation of existing options over Argentex
ordinary shares pursuant to the Company's existing
CSOP.
Identification GB00BJLPH056 (Ordinary Shares)
code
b) Nature of
the transaction Subscription of 1,200 Growth A Shares and 1,200
Growth B Shares at GBP85.00 per share under
the Company's LTIP.
C ancellation of 452,830 existing options over
Argentex ordinary shares pursuant to the Company's
existing CSOP.
---------------------- --------------------------------------------------------
c) Price(s) and Transaction Price(s) Volume(s)
volume(s) Cancellation of
Existing Options
over Ordinary Shares 135p 452,830
------------- ----------
Subscription of
600 growth A shares
in the capital
of Argentex Capital GBP85.00 per
Limited share 600
------------- ----------
Subscription of
600 growth B shares
in the capital
of Argentex Capital GBP85.00 per
Limited share 600
------------- ----------
------------------------------------------------------
d) Aggregated
information
- Aggregated N/A
volume
- Price
e) Date of the 9 November 2022
transaction
---------------------- --------------------------------------------------------
f) Place of the Off-market transaction
transaction
---------------------- --------------------------------------------------------
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