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 |
| 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
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