European Green Transition PLC
17 July 2026
European Green Transition PLC
("EGT", or the "Company")
Long Term Incentive Awards and Related Party Transaction / PDMR Notification
17 July 2026 - European Green Transition plc (AIM: EGT), a company operating in the critical infrastructure sector, announces that the Company has granted options over ordinary shares of 0.25p each in the Company ("Ordinary Shares") to certain Directors and members of its senior management team.
Retention and Incentive Awards
Following the approval of the Company's 2025 Remuneration Report at the Company's Annual General Meeting, the Remuneration Committee has awarded, in aggregate, options over 11,833,333 Ordinary Shares to its Executive Chairman (Cathal Friel), Chief Financial Officer (Jack Kelly) and members of its management team ("Retention and Incentive Awards"). These awards have a nominal exercise price of 0.25p each and vest after three years subject to continued employment and the meeting of a 20% 2026 revenue growth target for the Wind Energy Services business. These awards represent in aggregate 4.4% of the Company's current issued share capital with options over 6,666,667 Ordinary Shares made to the Executive Chairman and 4,166,667 options over Ordinary Shares made to the Chief Financial Officer.
Related Party Transaction
The Remuneration Committee believes this award is essential to retain and incentivise key executives and align them with the long-term interests of the Company and Shareholders. The Directors of the Company, excluding Cathal Friel and Jack Kelly who are participating in the Retention and Incentive Awards, consider that the terms of the Retention and Incentive Awards are fair and reasonable in so far as the Company's shareholders are concerned.
Long Term Incentive Plan Awards
The Remuneration Committee has also awarded options over 571,000 Ordinary Shares through the Company's long term incentive plan ("LTIP") to David Broadbank, a senior member of the Wind Energy Services management team, who is not a director of the Company. These LTIP awards have a nominal exercise price of 0.25p each and will vest after three years subject to the meeting of three-year revenue and EBITDA performance targets for the Wind Energy Services business. The Company intends that these LTIP awards be made under a UK Enterprise Management Incentive ("EMI") scheme which the Company is in the process of establishing.
The Retention and Incentive Awards and LTIP Awards are subject to market-standard malus and clawback provisions, and customary leaver provisions dealing with the departures of recipients from the Company and are designed to reward long term service to the Company.
The person responsible for arranging the release of this announcement on behalf of the Company is Jack Kelly, Chief Financial Officer of the Company.
The notifications below, which have been made in accordance with the requirement of the UK Market Abuse Regulation, provide further details.
Enquiries
|
European Green Transition plc Cathal Friel, Executive Chair Jack Kelly, CFO |
+44 (0) 208 058 6129 |
|
Panmure Liberum - Nominated Adviser & Joint Broker James Sinclair-Ford / Gaya Bhatt Mark Murphy / Rauf Munir |
+ 44 (0) 20 7886 2500 |
|
OAK Securities - Joint Broker Jerry Keen / Calvin Man |
+44 (0) 20 3973 3678 +44 (0) 7733 117328 |
|
Camarco - Financial PR Billy Clegg / Tilly Butcher / Poppy Hawkins
|
+ 44 (0) 20 3757 4980 europeangreentransition@camarco.co.uk |
Notes to Editors
European Green Transition plc (AIM: EGT) is a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector across the UK and Ireland.
In 2026, EGT delivered a significant milestone in this strategy by acquiring an EBITDA profitable operation, maintenance, repairs, and remote monitoring platform business which serves over 900 onshore wind turbines across the UK & Ireland. This platform includes Earthmill, Wind Energy Partnership, Silverford Engineering, and Anemos Analytics.
The Company's strategy is to deliver sustained organic growth by expanding its service offering, driving operational efficiencies to support margin improvement, and generating strong free cash flow to fund reinvestment and a progressive dividend strategy. EGT is pursuing a disciplined capital allocation policy, including targeting selective bolt-on acquisitions across the critical infrastructure space in the UK, Ireland, and Europe, such as water, energy, roads, and data centres. The Company is also seeking to sell or partner its existing portfolio of non-core mining projects, including the Olserum Rare Earth Element (REE) Project.
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Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Cathal Friel |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Executive Chair |
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|
b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
European Green Transition plc |
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|
b) |
LEI |
9845000450IAF4808661 |
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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 0.25p each GB00BPVG5407 |
|||||
|
b) |
Nature of transaction |
Award of options pursuant to Company Long Term Incentive Plan |
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|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
||||
|
£0.0025 |
6,666,667 |
||||||
|
Aggregated information - Aggregated volume - Price |
As above |
||||||
|
e) |
Date of the transaction |
16 July 2026 |
|||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||
|
a) |
Name |
Jack Kelly |
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|
2 |
Reason for the notification |
||||||
|
a) |
Position/status |
Chief Financial Officer |
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|
b) |
Initial notification/Amendment |
Initial Notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
European Green Transition plc |
|||||
|
b) |
LEI |
9845000450IAF4808661 |
|||||
|
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 0.25p each GB00BPVG5407 |
|||||
|
b) |
Nature of transaction |
Award of options pursuant to Company Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
||||
|
£0.0025 |
4,166,667 |
||||||
|
Aggregated information - Aggregated volume - Price |
As above |
||||||
|
e) |
Date of the transaction |
16 July 2026 |
|||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||
|
a) |
Name |
David Broadbank |
|||||
|
2 |
Reason for the notification |
||||||
|
a) |
Position/status |
Managing Director, Wind Energy Services |
|||||
|
b) |
Initial notification/Amendment |
Initial Notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
European Green Transition plc |
|||||
|
b) |
LEI |
9845000450IAF4808661 |
|||||
|
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 0.25p each GB00BPVG5407 |
|||||
|
b) |
Nature of transaction |
Award of options pursuant to Company Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
||||
|
£0.0025 |
571,000 |
||||||
|
Aggregated information - Aggregated volume - Price |
As above |
||||||
|
e) |
Date of the transaction |
16 July 2026 |
|||||
|
f) |
Place of the transaction |
Outside a trading venue |
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