26 September 2024
Anexo Group
plc
('Anexo'
or the 'Company')
Grant of Share Options and
PDMR Dealing
Anexo Group plc (AIM: ANX), the
specialist integrated credit hire and legal services provider, is
pleased to announce the implementation of a new Long Term Incentive
Plan ("LTIP") designed to ensure that the interests of shareholders
are aligned with the interests of key employees, and that employees
are rewarded for their contribution to outstanding future
performance. As part of the LTIP, options over 2,751,769 ordinary
shares of 0.05p each in Anexo Group plc ("Ordinary Shares") have
been granted to a number of employees, including the following
persons discharging managerial responsibilities ("PDMRs") of Anexo
for nil cost (the "2024 Options") as follows:
|
Director/PDMR
|
Role
|
Number of
Ordinary Shares subject to FY24 option grant
|
Total
number of Ordinary Shares under option post grant
|
Total as %
of existing issued share capital
|
|
Mark Bringloe
|
CFO
|
396,153
|
396,153
|
0.33
|
|
Dawn O'Brien
|
Director
|
384,615
|
384,615
|
0.32
|
|
Gary Carrington
|
Director
|
269,230
|
269,230
|
0.23
|
The FY2024 options have been awarded
under the Anexo Group plc LTIP scheme and have a three-year vesting
period and an exercise price of 65p per Ordinary Share. They are
also subject to certain performance criteria and the overall
underlying performance of the Company. The number of options which
vest will vary depending on the level of achievement between
threshold, target and stretch performance levels.
Following the grant of the 2024
options, the total number of options granted represents 2.33% of
the fully diluted number of Ordinary Shares.
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
1. Mark
Bringloe
2. Dawn
O'Brien
3. Gary
Carrington
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
1.CFO
2. Director, Bond Turner
3. Operational/Commercial
Director
|
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Anexo Group plc
|
|
b)
|
LEI
|
213800CJHD5C8M4MEY87
|
|
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 over Ordinary Shares of
0.05p each
ISIN: GB00BF2G3L29
|
|
b)
|
Nature of transaction
|
Grant of Options over Ordinary
Shares pursuant to Anexo Group plc Long
Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
1. Nil
2. Nil
3. Nil
|
396,153
384,615
269,230
|
|
|
Aggregated information
-
Aggregated volume
-
Price
|
Not applicable
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
For
further enquiries:
|
Anexo Group plc
|
+44 (0) 151 227 3008
www.anexo-group.com
|
|
Alan Sellers, Executive
Chairman
Mark Bringloe, Chief Financial
Officer
Nick Dashwood Brown, Head of
Investor Relations
|
|
|
|
|
|
Zeus
(Nominated Adviser & Broker)
|
+44 (0) 20 3829 5000
|
|
Hugh Morgan/ David Foreman / Darshan
Patel (Investment Banking)
Fraser Marshall / Simon Johnson
(Corporate Broking)
|
Notes to Editors:
Anexo is a specialist integrated
credit hire and legal services provider. The Group has created a
unique business model by combining a direct capture Credit Hire
business with a wholly owned Legal Services firm. The integrated
business targets the impecunious not at fault motorist, referring
to those who do not have the financial means or access to a
replacement vehicle.
Through its dedicated Credit Hire
sales team and network of 1,100 plus active introducers around the
UK, Anexo provides customers with an end-to-end service including
the provision of Credit Hire vehicles, assistance with repair and
recovery, and claims management services. The Group's Legal
Services division, Bond Turner, provides the legal support to
maximise the recovery of costs through settlement or court action
as well as the processing of any associated personal injury
claim.
Bond Turner incorporates a number of
other specialist legal divisions. One deals with housing disrepair
claims acting for clients living in conditions where there is
disrepair, damp and mould, and concentrates mainly on the social
housing sector. Another focuses on large loss claims, including
professional and clinical negligence and complex medical claims.
Bond Turner is also involved in group actions including diesel
emissions and is currently pursuing claims against Mercedes and
several other major manufacturers.
The Group was admitted to trading on
AIM in June 2018 with the ticker ANX. For additional information
please visit: www.anexo-group.com
