Equipmake Holdings - Exercise of Options
15/11/2023 16:01
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RNS Number : 5985T Equipmake Holdings PLC 15 November 2023
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR").
15 November 2023
Equipmake Holdings plc
("Equipmake" or the "Company")
Exercise of Options
Equipmake, the UK-based engineering specialist pioneering the development and
production of electrification products across the automotive, aerospace, bus,
and coach industries, announces that it has received notice to exercise
options from Jasmine Bishop, a Person Closely Associated ("PCA") to
Equipmake Executive Director, James Bishop , to subscribe for a total of
2,775,132 new ordinary shares of £0.0001 per share ("Option Shares") (the
"Exercise"). These share options were due to expire on 25 November 2031.
The 2,775,132 Option Shares were exercised at £0.0001 each and the total
proceeds from the Exercise are £277.51.
Following the Exercise Jasmine Bishop's interest in Ordinary Shares, including
her PCA's interest is 3,951,602 Ordinary Shares, representing 0.42% of the
Company's issued share capital, with voting rights.
Application for Admission
Application has been made for the Option Shares to be admitted to trading on
the Aquis Apex exchange ("Admission") and dealings are expected to commence on
or around 16 November 2023. The Option Shares will rank pari passu in all
respects with the Company's existing Ordinary Shares.
Total voting rights
Following Admission, the Company will have 951,004,541 Ordinary Shares in
issue. The Company has no shares in treasury, therefore the figure of
951,004,541 Ordinary Shares should be used by shareholders for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.
The notifications below are made in accordance with the requirements of the
Market Abuse Regulations.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jasmine Bishop
2 Reason for the notification
a) Position / status PCA to James Bishop, 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 Equipmake Holdings plc
b) LEI 213800NY1WGJ26E4HB59
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 Ordinary shares of £0.0001 each
Identification code ISIN: GB00BMBVXB73
b) Nature of the transaction Exercise of options over Ordinary Shares
c) Price(s) and volume(s) Exercise price £0.0001, volume 2,775,132
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 10 November 2023
f) Place of the transaction Outside a trading venue
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Broker) Tel: +44 (0) 20 7886 2500
John Prior / James Sinclair-Ford / Freddie Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker)
Simon Barton / Simba Khatai / Alex Cabral Tel: +44 (0) 20 3005 5000
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
Susie Geliher / Paul Dulieu
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the development
and production of electrification products to meet the needs of the
automotive, aerospace and other sectors in support of the transition from
fossil-fuelled to zero-emission powertrains.
Equipmake is a leader in ultra-high performance electric motors and complete
EV drivetrains and ultra-fast power electronic systems. As well as developing
proprietary technology - such as an ultra-compact, lightweight high
performance spoke motor - it also offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution providing fully
bespoke solutions. The Company has built a significant pipeline of
opportunities, as demand for electric vehicles increases as part of the global
decarbonisation movement.
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