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RNS Number : 1513H Made Tech Group PLC 25 July 2023
25 July 2023
MADE TECH GROUP PLC
("Made Tech", the "Company" or the "Group")
Grant of LTIP Awards
PDMR Dealings
Made Tech, a leading provider of digital, data and technology services to the
UK public sector, announces that on 25 July 2023 the following awards over
Ordinary Shares in the Company were granted under the Made Tech Group plc Long
Term Incentive Plan (the "LTIP"):
Director / PDMR Role Award No. of Ordinary Shares under Award
Debbie Lovegrove Director FY23 LTIP Award 470,588
Debbie Lovegrove Director FY24 LTIP Award 733,945
The FY23 LTIP Award is in respect of the financial year ended 31 May 2023 and
the FY24 LTIP Award in respect of the current financial year.
The awards were granted as nil cost options and will ordinarily vest on the
third anniversary of their grant subject to the grantee's continued service
and the extent to which the awards' respective performance conditions are
satisfied.
The performance conditions set sliding scale targets in respect of Share
Price, Adjusted Earnings Per Share and employee Net Promoter Score for
measurement periods comprising respective three financial years of the
Company.
On the same date, the Company granted awards under the LTIP to other senior
employees over a total of 3,774,674 Ordinary Shares.
Following the above grants under the LTIP, the Company has options outstanding
over 9,289,312 Ordinary Shares, equivalent to 6.22% per cent. of the Company's
current issued share capital.
Enquiries:
Made Tech Group plc via Belvedere PR
Rory MacDonald, CEO
Deborah Lovegrove, CFO
Singer Capital Markets (Nominated Adviser & Broker) Tel: +44 20 7496 3000
Jennifer Boorer / Harry Gooden / Asha Chotai
Belvedere Communications (Financial PR) Email: madetech@belvederepr.com
Cat Valentine Tel: +44 7715 769078
Keeley Clarke Tel: +44 7967 816525
About Made Tech
Made Tech is a provider of digital, data and technology services to the UK
public sector. Founded in 2008 and now with a headcount of over 430 and
offices in four UK locations (London, Manchester, Bristol and Swansea), Made
Tech provides services that enable central government, healthcare and local
government organisations to digitally transform.
Made Tech's purpose is to "positively impact the future of society by
improving public sector technology". To achieve this the company has four key
strategic missions: Modernise legacy technology and working practices;
Accelerate digital service and technology delivery; Drive better decisions
through data and automation; and Enable technology and delivery skills to
build better systems.
https://investors.madetech.com/ (https://investors.madetech.com/)
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Debbie Lovegrove
2 Reason for the notification
a) Position/status Director - PDMR
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Made Tech Group plc
b) LEI 213800FQR678FTPNVW08
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 LTIP awards over ordinary shares in the Company
Identification code GB00BLGYDT21
b) Nature of the transaction Grant of LTIP awards
c) Price(s) and volume(s)
PDMR Volume Price
Debbie Lovegrove 470,588 Nil
Debbie Lovegrove 733,945 Nil
d) Aggregated information Aggregate number of Ordinary Shares under LTIP awards granted: 1,204,533
Aggregate price: Nil
e) Date of the transaction 25 July 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
Aggregate number of Ordinary Shares under LTIP awards granted: 1,204,533
Aggregate price: Nil
e)
Date of the transaction
25 July 2023
f)
Place of the transaction
Outside of a trading venue
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