TIDMCLX

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 
 
                                                    +44 (0)131 220 
 Cenkos Securities plc - Nomad                       6939 
 Derrick Lee / Peter Lynch 
 
                                                    + 44(0) 20 3405 
 Alma PR                                             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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         184,460 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 
 
 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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         132,433 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 
 
 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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         302,703 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 
 
 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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         107,231 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 
 
 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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         63,916 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 
 
 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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         51,291 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 
 
 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       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------------- 
 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             Ordinary shares of 0.125 pence 
       the financial 
       instrument                 GB00BMBK7016 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of awards under the Company's Long-Term 
       transaction                Incentive Plan (LTIP) with an exercise 
                                  price of 1 pence per share 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   1p         89,392 
                                             ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume     N/A 
 
 
        *    Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    5 June 2023 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------------- 
 

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

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END

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August 11, 2023 09:00 ET (13:00 GMT)

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