Forward Partners Grp - LTIP Awards and Director's Dealing
02/11/2022 15:00
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RNS Number : 1000F Forward Partners Group PLC 02 November 2022
Forward Partners Group plc
("Forward Partners" or "the Group")
LONG TERM INCENTIVE PLAN AWARDS AND DIRECTOR'S DEALING
Forward Partners Group plc (LSE: FWD), the London-based investment firm
specialising in supporting high growth, early-stage technology businesses,
confirms that it has granted Lloyd Smith, who joined the Company in March
2022, a total of 155,946 options over ordinary shares in the capital of the
Company (the "Options") pursuant to the Company's 2022 Long Term Incentive
Plan (the "LTIP"), as part of a wider grant of options under the LTIP to
certain employees of the Group.
Vesting of the Options is subject to the achievement of performance conditions
linked to shareholder returns and target portfolio exits, and continued
employment. The Options are exercisable at a nominal value (£0.01) and will
vest in tranches over the period to 19 July 2024.
The notification below, made in accordance with the requirements of UK MAR,
provides further detail on the grant of Options.
ENDS
Enquiries
Forward Partners Group plc via H/Advisors Maitland
Nic Brisbourne, Chief Executive Officer
Liberum Capital Limited Tel: +44 20 3100 2222
(Nominated Adviser and Broker)
Neil Patel
Lauren Kettle
Cara Murphy
H/Advisors Maitland forwardpartners@h-advisors.global
(Financial PR) Tel: +44 (0) 207 379 5151
Sam Turvey
Alistair de Kare-Silver
About Forward Partners
Founded in 2013, Forward Partners is an established and respected London-based
venture capital firm, specialising in supporting high growth, early-stage
technology businesses in the UK.
The Group brings together venture capital provider Forward Ventures,
equity-free revenue-based financing through Forward Advances and highly
specialised growth support from Forward Studio. This model supports founders
to build stronger businesses faster to provide better outcomes for companies
and investors alike.
The Group makes equity investments in early-stage, high growth UK companies,
and from inception to its admission to London's AIM market in July 2021 had
made over 60 unique investments and built a portfolio with an Initial
Portfolio NAV in excess of £90m. It holds a nine-year track record of making
venture capital investments, and targets underlying NAV growth of 20% per
annum over the cycle.
The management team brings together highly experienced venture capitalists,
entrepreneurs, and expert consultants. Since 2015, Forward Partners has been
backed by BlackRock, one of the largest institutional investors in the world.
The Group receives over 4,000 start-up funding applications every year.
For more information, visit https://forwardpartners.com
(https://forwardpartners.com)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lloyd Smith
2 Reason for the notification
a) Position/status CFO
b) Initial notification/Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Forward Partners Group plc
b) LEI 213800G3LF6776Y7IY64
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 one penny each
Identification code GB00BKPGBB09
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
1 pence 155,946
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 1 November 2022
f) Place of the transaction Off-market transaction
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