CLX.L

Calnex Solutions Ltd
Calnex Solutions PLC - Long-Term Incentive Plan Awards
11th August 2023, 13:00
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RNS Number : 1168J
Calnex Solutions PLC
11 August 2023
 

Calnex Solutions plc

("Calnex" or the "Company")

Long-Term Incentive Plan Awards

Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications sector, is pleased to confirm that the Company has now implemented a long-term incentive plan ("LTIP") for the executive and senior management team, under which it is intended that annual awards subject to performance metrics will be granted.

As indicated in Calnex's annual report for the year ended 31 March 2023 ("Annual Report") the Company obtained external advice on the design of the LTIP and consulted with shareholders on its key terms.

A total of 931,426 awards under the LTIP have been granted in the form of nominal cost share options, which will vest over a three-year period commencing 1 April 2023, subject to the satisfaction of performance metrics relating to the Company's earnings per share, revenue and absolute shareholder return.

Further details on the LTIP are set out in the Annual Report.

For more information, please contact:

Calnex Solutions plc

Via Alma PR

Tommy Cook, Chief Executive Officer

Ashleigh Greenan, Chief Financial Officer




Cenkos Securities plc - Nomad

+44 (0)131 220 6939

Derrick Lee / Peter Lynch




Alma PR

+ 44(0) 20 3405 0213

Caroline Forde, Hannah Campbell, Joe Pederzolli


 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Tommy Cook

2          

Reason for the Notification

a)   

Position/Status

Director - CEO

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

184,460

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Ashleigh Greenan

2          

Reason for the Notification

a)   

Position/Status

Director - CFO

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

132,433

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Anand Ram

2          

Reason for the Notification

a)   

Position/Status

PDMR - VP Business Development

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

302,703

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Jeff Wright

2          

Reason for the Notification

a)   

Position/Status

PDMR - VP Engineering

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

107,231

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Claire Wishart

2          

Reason for the Notification

a)   

Position/Status

PDMR - Head of HR

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

63,916

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Ger Kirk

2          

Reason for the Notification

a)   

Position/Status

PDMR - VP Quality

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

51,291

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

 

1          

Details of PDMR/person closely associated with them ("PCA")

a)   

Name

Stephen Edmiston

2          

Reason for the Notification

a)   

Position/Status

PDMR - VP Operations

b)   

Initial notification / amendment

Initial notification

3          

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

a)   

Name

Calnex Solutions plc

b)   

LEI

213800GY6TURGL3HYT04

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

Identification code

Ordinary shares of 0.125 pence


GB00BMBK7016

b)   

Nature of the transaction

Grant of awards under the Company's Long-Term Incentive Plan (LTIP) with an exercise price of 1 pence per share

c)    

Price(s) and volume(s)

Price(s)

Volume(s)

1p

89,392

d)   

Aggregated information

·              Aggregated volume

·              Price

 

N/A

e)    

Date of the transaction

5 June 2023

f)    

Place of the transaction

Outside of a trading venue

 

The information in the above notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

 

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