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 award | Aggregate no. of growth shares issued under the new LTIP | No. of existing options cancelled |
| Harry Adams | CEO | 12% | 2,400 | - |
| David Christie | Chief Operating Officer | 12% | 2,400 | 905,660 |
| Jo Stent | Chief Financial 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 /Amendment | Initial | ||||||||||||
| 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 of the financial instrument, type of instrument | Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under 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. | ||||||||||||
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| Identification code | GB00BJLPH056 (Ordinary Shares) | |||||||||||||
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| b)
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| c)
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| d)
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| - Aggregated volume | N/A | |||||||||||||
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| e)
| Date of the transaction | 9 November 2022 | ||||||||||||
| f) | Place of the transaction | Off-market 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 /Amendment | Initial | |||||||||||||||
| 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 of the financial instrument, type of instrument | Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under 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. | |||||||||||||||
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| Identification code | GB00BJLPH056 (Ordinary Shares) | ||||||||||||||||
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| b)
| Nature of the transaction | Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP. Cancellation of 905,660 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.
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| - Aggregated volume | N/A | ||||||||||||||||
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| e)
| Date of the transaction | 9 November 2022 | |||||||||||||||
| f) | Place of the transaction | Off-market 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 /Amendment | Initial | |||||||||||||||
| 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 of the financial instrument, type of instrument | Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under 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. | |||||||||||||||
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| Identification code | GB00BJLPH056 (Ordinary Shares) | ||||||||||||||||
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| b)
| Nature of the transaction |
Cancellation of 452,830 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.
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| d)
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| - Aggregated volume | N/A | ||||||||||||||||
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| - Price | | ||||||||||||||||
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| e)
| Date of the transaction | 9 November 2022 | |||||||||||||||
| f) | Place of the transaction | Off-market transaction | |||||||||||||||
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