Forward Partners Grp - LTIP Awards and Director's Dealing
16/06/2023 16:36
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230616:nRSP0546Da&default-theme=true
RNS Number : 0546D Forward Partners Group PLC 16 June 2023
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 Nic Brisbourne, CEO and Lloyd Smith, CFO, 777,616
and 617,151 options over ordinary shares in the Company respectively (the
"Options") pursuant to the Company's 2021 Long Term Incentive Plan (the
"LTIP").
Vesting of the Options granted pursuant to the LTIP is subject to the
achievement of performance conditions linked to shareholder returns and target
portfolio exits. The Options are exercisable at nominal cost (£0.01) in three
equal tranches on 31 December 2025, 31 December 2026, 31 December 2027.
The notification below, made in accordance with the requirements of UK MAR,
provides further detail.
ENDS
Enquiries
Forward Partners Group plc Via Alma PR
Nic Brisbourne, CEO
Lloyd Smith, CFO and Company Secretary
Liberum Capital Limited Tel: +44 (0)20 3100 2222
(Nominated Adviser and Broker)
Chris Clarke
Lauren Kettle
Cara Murphy
Alma PR Email: forward@almapr.co.uk
(Financial PR Adviser) Tel: +44 (0)20 3405 0205
David Ison
Andy Bryant
Will Ellis Hancock
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 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.
It holds a nine-year track record of making venture capital investments.
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 (http://www.forwardpartners.com)
www.forwardpartners.com (http://www.forwardpartners.com) .
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nicholas Brisbourne
2 Reason for the notification
a) Position/status CEO
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 777,616
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 15 June 2023
f) Place of the transaction Off-market transaction
.
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 617,151
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 15 June 2023
f) Place of the transaction Off-market transaction
.
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 DSHFLFVERLIRLIV