Director/PDMR Shareholding

Alphawave IP

07/07/2025 07:00

RNS Number : 8860P

Alphawave IP Group PLC

07 July 2025

 

ALPHAWAVE IP GROUP PLC

 

Grant of Awards to Persons Discharging Managerial Responsibilities (PDMRs)

LONDON, United Kingdom and TORONTO, Ontario, Canada, 7 July 2025 - Alphawave IP Group plc (LSE: AWE, the "Company" or "Alphawave Semi").

In alignment with what was reported in the 2024 Annual Report, on 3 July 2025 awards of ordinary shares of £0.01 each in the capital of the Company were granted under the Alphawave IP Group plc Long Term Incentive Plan (the "LTIP") to PDMRs of the Company as follows:

Number of Shares
Percentage of salary
Tony Pialis
4,666,667
1,000%
Rahul Mathur
2,290,512
900%

 

2025 LTIP Award

As described in the 2024 Annual Report, vesting of the 2025 LTIP Awards will be linked to the achievement of stretching performance targets, closely aligned with the creation of value for shareholders. Consistent with previous years, these will be based on three-year Relative Total Shareholder Return ('TSR') (70% weighting) and adjusted EPS growth (30% weighting) performance conditions, tested over the 3 financial years starting 1 January 2025, as summarised in the table below:

Weighting
Measure / Performance Condition
Index
Threshold
 (25% vesting)
Maximum
 (100% vesting)
35%
Relative TSR
FTSE 250
Median
Upper Quartile
35%
Relative TSR
FTSE All-World Technology Index
Median
Upper Quartile
30%
Adjusted EPS growth (2027 figure vs 2024 base year)
Not applicable
10.2% CAGR
17.4% CAGR

 

These performance metrics have been selected as appropriate measures, as they align with Alphawave Semi's long-term shareholder interests. The targets were set at a level the Remuneration Committee believes to be appropriately stretching taking into account both internal performance expectations and external analyst forecasts.

The Remuneration Committee has chosen to use TSR as an important measure of value created for our shareholders and measure against the constituents of the FTSE 250, reflecting our UK listing, and against those of the All-World Technology Index, reflecting our sector.

Adjusted EPS means, for any financial year, Alphawave Semi's earnings per share as shown in the Company's accounts for that year, adjusted for one-off expenditure or revenue (such as costs associated with mergers and acquisitions), expenses that vary significantly between periods (such as share-based payments) and expenses that do not relate to Alphawave Semi's operating performance (such as exchange gains or losses). Such adjustments may be made as the Remuneration Committee considers appropriate.

 

 

MUFG Corporate Governance Limited

Company Secretary

 

 

 

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them ("PCAs")

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tony Pialis
2
Reason for the notification
a)
Position/status
President and Chief Executive Officer - classified as a PDMR
b)
Initial notification / Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alphawave IP Group plc
b)
LEI
213800ZXTO21EU4VMH37
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
Ordinary Shares of £0.01 each
Identification code (ISIN): GB00BNDRMJ14
b)
Nature of the transaction
Award of Ordinary Shares under Long Term Incentive Plan - 2025 award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
4,666,667
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
3 July 2025
f)
Place of the transaction
Outside a trading venue


 

 

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them ("PCAs")

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rahul Mathur
2
Reason for the notification
a)
Position/status
Chief Operating and Chief Financial Officer - classified as a PDMR
b)
Initial notification / Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alphawave IP Group plc
b)
LEI
213800ZXTO21EU4VMH37
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
Ordinary Shares of £0.01 each
Identification code (ISIN): GB00BNDRMJ14
b)
Nature of the transaction
Award of Ordinary Shares under Long Term Incentive Plan - 2025 award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
2,290,512
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
3 July 2025
f)
Place of the transaction
Outside a trading venue


 

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