Surrender and Grant of Options and PDMR Dealings.

15 September 2025

Strip Tinning Holdings plc

("Strip Tinning Holdings Plc" or the "Company")

Grant and Surrender of Options

Director/PDMR Dealings

1.         Grant of Options

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, announces that, under the terms of the Company's 2022 Performance Share Plan (the "PSP")⁽¹⁾, its board of directors (the "Board") has today granted nominal cost options (the "Options") over an aggregate of 2,691,194 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to certain senior employees.  Included within this figure are the following Options granted to Directors:

The Board believes it is key that the Company retains and incentivises its senior executive team to drive the business forward and align their interests with those of shareholders. This forms the basis for the grant of the Options.   

The Options granted to Directors above shall vest approximately as follows:

-      24% (MP) / 27% (KE) of the Ordinary Shares over which the Options are granted shall vest on 31 December 2026;

-      38% (MP) / 36.5% (KE) of the Ordinary Shares over which the Options are granted shall vest on 31 December 2027, with a portion of the vested Ordinary Shares subject to a further 1 year holding period; and

-      38% (MP) / 36.5% (KE) of the Ordinary Shares over which the Options are granted shall vest subject to the Company achieving certain performance criteria over the three years to 31 December 2027, with a portion of the vested Ordinary Shares subject to a further 1 year holding period.

The performance criteria referred to above are based on the extent to which total shareholder return hurdles are achieved. The Remuneration Committee of the Board has discretion to amend these terms to take account of, for example, corporate activities such as acquisitions, to ensure that the performance targets remain appropriate.

The performance-linked tranches will vest following the assessment by the Remuneration Committee of the Board of the extent to which the applicable performance criteria have been met.  Such assessment is expected to be carried out as soon as reasonably practicable after 31 December 2027.

2.       Surrender of 2023 Option

The Company also announces that, prior to the grant of the above Options, MP surrendered, for no consideration, the Option granted to him on 03 March 2023 in respect of 203,636 Ordinary Shares, pursuant to the PSP.

 MP has elected to give up his rights in order to create additional "headroom" under the PSP's dilution limits.

For the avoidance of doubt, the relevant Option detailed in Section 1 has not been granted to MP in consideration of this surrender.

Enquiries

Strip Tinning Holdings pc

Mark Perrins, Chief Executive Officer                                                                       +44 (0)121 457 7675 

Kevin Edwards, Chief Financial Officer                                                                                     

Singer Capital Markets (Nominated Adviser and Sole Broker)                         +44 (0) 20 7496 3000

Rick Thompson

James Fischer

(1)  Details of the PSP are to be found in the Admission Document dated 10 February 2022 which is available on the Company's website.