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 and cloud computing markets, is pleased to confirm that share option awards, subject to performance metrics, have been issued to Calnex's executive and senior management team under the Company's long-term incentive plan ("LTIP").
A total of 1,153,198 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 2024, subject to the satisfaction of performance metrics. Details of those LTIP awards issued to the Company's PDMRs are listed below.
For more information, please contact:
| Calnex Solutions plc | Via Alma |
| Tommy Cook, Chief Executive Officer | |
| | |
| Cavendish Capital Markets Limited - NOMAD | +44 (0)131 220 6939 |
| Derrick Lee / Peter Lynch | |
| | |
| Alma | + 44(0) 20 3405 0213 |
| Caroline Forde, Joe Pederzolli, Emma Thompson | |
| 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
| ||||
| 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) |
| ||||
| d) | Aggregated information · Aggregated volume · Price |
N/A | ||||
| e) | Date of the transaction | 15th July 2024 | ||||
| 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
| ||||
| 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) |
| ||||
| d) | Aggregated information · Aggregated volume · Price |
N/A | ||||
| e) | Date of the transaction | 15th July 2024 | ||||
| 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
| ||||
| 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) |
| ||||
| d) | Aggregated information · Aggregated volume · Price |
N/A | ||||
| e) | Date of the transaction | 15th July 2024 | ||||
| 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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