REG - EnSilica PLC - Grants of Options under Long Term Incentive Plan

EnSilicaAnnouncement

Wed 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250716:nRSP1836Ra&default-theme=true

RNS Number : 1836R  EnSilica PLC  16 July 2025

16 July 2025

 

EnSilica plc

("EnSilica", the "Company" or the "Group")

 

Grants of Options under Long Term Incentive Plan

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), announces that the Company has awarded, in aggregate,
178,625 share options to certain directors of the Company under the EnSilica
plc Long Term Incentive Plan 2022 (the "2022 Plan") and amended some existing
option targets.

 

Executive Director Options

 

The Company has awarded 128,625 share options under the 2022 Plan to its Chief
Financial Officer, Kristoff Rademan. The award is over ordinary shares of
£0.001 in the Company ("Ordinary Shares") in the form of options to acquire
new Ordinary Shares at their nominal value ("LTIP Awards"). The LTIP Awards
will vest on the third anniversary of grant subject to meeting a profit after
tax ("PAT") target of £2.5 million in any given financial year. These options
expire after ten years.

 

The Remuneration Committee has also agreed to amend the performance target for
the awards granted under the 2022 Plan on 23 May 2022 to Mark Hodgkins,
Executive Chair, and Ian Lankshear, Chief Executive Offer (1.5 million options
and 3.0 million options respectively) from a fully diluted earnings per share
("EPS") target for the year ended 31 May 2025 to an annual PAT target of £2.5
million to be measured up to the financial year ending 31 May 2027. The
Remuneration Committee deemed it more appropriate to adjust the performance
target for these existing awards, which have a 50p exercise price and vest in
full on achieving the PAT target, rather than allow the awards to lapse and
consider entirely fresh awards. All other terms and conditions relating to the
existing awards remain unchanged including expiry on 22 May 2032.

 

NED Options

 

The Company has awarded 50,000 share options with an exercise price of 39p
(the mid-market closing price of EnSilica shares on 14 July 2025) to Stephen
Brindle, Non-executive Director, who was appointed to the Board in January
2025. These awards vest as follows: 33.33% (16,665 shares) on the second
anniversary of the date of grant and 66.67% (33,335 shares) on the fourth
anniversary of the date of grant and have no performance conditions attached.
This award following Stephen's appointment is in line with the Company's
policy as reflected in the grant of simple market value options to
Non-Executive Directors at the time of IPO in May 2022.

 

 

For further information, please contact:

 

 EnSilica plc                                                         Via Vigo Consulting

 Ian Lankshear, Chief Executive Officer                               +44 (0)20 7390 0233

 Kristoff Rademan, Chief Financial Officer

 www.ensilica.com (http://www.ensilica.com/)

 Allenby Capital Limited, Nominated Adviser & Joint Broker             +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                   info@allenbycapital.com (mailto:info@allenbycapital.com)

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)

 Panmure Liberum, Joint Broker                                        +44 (0)20 3100 2222

 Edward Mansfield / Will King

 Vigo Consulting (Investor & Financial Public Relations)              +44 (0)20 7390 0233 ensilica@vigoconsulting.com

                                                                    (mailto:visum@vigoconsulting.com)
 Jeremy Garcia / Kendall Hill / Anna Stacey

 

About EnSilica

 

EnSilica is a leading fabless design house focused on custom ASIC design and
supply for OEMs and system houses, as well as IC design services for companies
with their own design teams. The company has world-class expertise in
supplying custom RF, mmWave, mixed signal and digital ICs to its international
customers in the automotive, industrial, healthcare and communications
markets. The company also offers a broad portfolio of core IP covering
cryptography, radar, and communications systems. EnSilica has a track record
in delivering high quality solutions to demanding industry standards. The
company is headquartered near Oxford, UK, and has design centres across the
UK and in India and Brazil.

 

The following notifications, made in accordance with the requirements of the
UK Market Abuse Regulation, gives further details.

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                                         Kristoff Rademan
 2    Reason for the notification
 (a)  Position/status                                              Chief Financial Officer
 (b)  Initial notification/Amendment                               Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 (a)  Name                                                         EnSilica plc
 (b)  LEI                                                          213800R6VXRU7MJTAF04
 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  Options over ordinary shares of £0.001 each in EnSilica plc

      Identification code

                                                                   Identification code (ISIN) for EnSilica plc ordinary shares: GB00BN7F1618
 (b)  Nature of the transaction                                    Grant of options pursuant to EnSilica plc Long Term Incentive Plan 2022

 (c)  Price(s) and volume(s)                                       Price: Nil

                                                                   Volume: 128,625

 (d)  Aggregated information                                       N/A

      -         Aggregated volume

      -         Price
 (e)  Date of the transaction                                      15 July 2025
 (f)  Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                                         Stephen Brindle
 2    Reason for the notification
 (a)  Position/status                                              Non-executive Director
 (b)  Initial notification/Amendment                               Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 (a)  Name                                                         EnSilica plc
 (b)  LEI                                                          213800R6VXRU7MJTAF04
 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  Options over ordinary shares of £0.001 each in EnSilica plc

      Identification code

                                                                   Identification code (ISIN) for EnSilica plc ordinary shares: GB00BN7F1618
 (b)  Nature of the transaction                                    Grant of options pursuant to EnSilica plc Long Term Incentive Plan 2022

 (c)  Price(s) and volume(s)                                       Price: 39 pence

                                                                   Volume: 50,000

 (d)  Aggregated information                                       N/A

      -         Aggregated volume

      -         Price
 (e)  Date of the transaction                                      15 July 2025
 (f)  Place of the transaction                                     Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHRAMFTMTMBBBA