19 December 2024
eEnergy Group
plc
("eEnergy", "the Company" or "the Group")
Award of Options and PDMR
Transactions
eEnergy (AIM: EAAS), a
leading Energy Efficiency-as-a-Service and Energy
Management-as-a-Service business in the UK, announces
that the Remuneration Committee of the Board has approved the award
of options to the executive management team over a total of
3,900,000 ordinary shares of £0.03 each in the capital of
the Company (the "Options"). The Company consulted with its leading
institutional investors prior to making these awards and the
feedback from those investors has been reflected in the structure
of the Option awards.
The Option awards have been made to
incentivise, retain and align the wider management team of the
business to help drive shareholder value over the longer
term. The awards have been structured primarily to qualify for
the tax advantaged Enterprise Management Incentive ("EMI Share
Options").
The awards of Options to executives
who are Persons Discharging Managerial Responsibilities are as
follows:
|
Name of
Director/PDMR
|
EMI Share Options
|
Total shares under option
|
% of issued share capital
|
|
John Gahan (Director)
|
2,500,000
|
2,500,000
|
0.65%
|
|
Abi Wall (PDMR)
|
1,400,000
|
1,400,000
|
0.36%
|
Options vest evenly over a
three-year vesting period. If the Share Price falls in-between the
figures specified below, the number of Shares in respect of which
the Option Vests and becomes Exercisable will be determined on a
straight-line (linear) basis, rounded down to the nearest whole
number of Shares. If the share price is less than 9.32p, none of
the share options would vest.
|
|
|
|
|
|
|
|
Less than
9.32p
|
9.32p
|
13.00p
|
15.80p
|
|
John Gahan
(Director)
|
-
|
950,000
|
2,100,000
|
2,500,000
|
|
Abi Wall (PDMR)
|
-
|
532,000
|
1,176,000
|
1,400,000
|
|
|
|
|
|
|
For
further information, please visit www.eenergy.com
or contact:
|
eEnergy Group plc
|
Tel: +44 20 7078 9564
|
|
Harvey Sinclair, Chief Executive
Officer
John Gahan, Chief Financial
Officer
|
info@eenergy.com
|
|
Strand Hanson Limited (Nominated Adviser)
|
Tel: +44 20 7409 3494
|
|
Richard Johnson, James
Harris
|
|
|
Canaccord Genuity Limited (Broker)
|
Tel: +44 20 7523 8000
|
|
Max Hartley, Harry Pardoe (Corporate
Broking)
|
|
|
|
|
|
Tavistock
|
Tel: +44 207 920 3150
|
|
Jos Simson, Simon Hudson, Katie
Hopkins
|
eEnergy@tavistock.co.uk
|
About eEnergy Group plc
eEnergy (AIM: EAAS) is
revolutionising the path to Net Zero as a leading digital energy
services provider for B2B and public sector organisations. We
eliminate the barriers to clean energy generation and energy waste
reduction, offering solutions that don't require upfront capital
investment. Our vision is clear: make Net Zero possible and
profitable for every organisation.
Our primary services
include:
· Reduce: LED lighting and
controls
· Generate: Solar PV, ground
mount, rooftop, and carport
· Charge: EV charging and
management software
All eEnergy's services come with
intelligent circuit-level energy analytics and are funded through
NatWest or Siemens to provide an off-balance sheet-compliant
energy-as-a-service solution.
eEnergy has completed over 1,100
decarbonisation projects within the B2B and public sector. We are
#1 in the education sector, having worked with over 840 schools,
installing over half a million LED lights, and improving the
learning environment for over 443,000 students-enough to fill
Wembley Stadium almost five times over. In one year alone, eEnergy
has saved the education sector £13 million in energy costs. With
over 70% of schools yet to transition to LED lighting and over 90%
yet to deploy solar, eEnergy estimates that at least £5.4 billion
would need to be invested to install adequate rooftop solar, LED
lighting, and EV charging infrastructure in UK schools.
eEnergy is a market leader within
the education sector and has been awarded the Green Economy Mark by
the London Stock Exchange.
-ends-