Award & Exercise of Share Options

Ilika

27/02/2025 07:00

RNS Number : 6064Y

Ilika plc

27 February 2025

 

 

Ilika plc

("Ilika", the "Group". or the "Company")

 

Award of Share Options, Exercise of Options and Total Voting Rights

 

 

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that, on 24 February 2025, it granted options to certain Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI employee option scheme.

 

LTIP

 

Ilika awarded options under the LTIP over 1,208,800 ordinary shares of 1p each in the Company ("Ordinary Shares") to two Executive Directors and over a further 10,000 Ordinary Shares to certain employees, including persons discharging managerial responsibilities ("PDMRs"). Each award has an exercise price equal to the nominal value of an Ordinary Share (1p) and vests on the achievement of certain performance targets over a three-year period. 

 

Details of grants issued under the LTIP by each Executive Director are set out in the table below, together with the total number of Ordinary Shares each Executive Director holds under option and is interested in.

 

Director
Number of LTIP options granted
Total number of Options now held
Per cent. of current issued share capital
Graeme Purdy
702,994
2,992,429
2.21%
Jason Stewart
505,805
1,279,809
0.76%

 

EMI option scheme

 

Ilika granted options over 890,832 Ordinary Shares to employees under the Company's EMI option scheme.  EMI options have an exercise price of 34p per Ordinary Share and vest on the achievement of certain performance targets over a three-year period. 

 

The awards are intended to align the incentives of the Executive Directors and other senior employees with the Company's performance and outcomes for shareholders over the long term, and to provide effective and attractive levels of reward, based on delivering strong financial and operational performance in a fair and proportionate manner.

 

In total, options over 2,109,632 Ordinary Shares have been awarded under the LTIP and the EMI option scheme, representing 1.26% of the current issued share capital.

 

 

Exercise of Options and Total Voting Rights

 

Ilika also announces that, following the vesting and exercise of options under the Company's share option schemes, it has issued 805,975 new Ordinary Shares at an exercise price of 1p ("New Ordinary Shares"). Accordingly, the Company has applied to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 4 March 2025.

 

The New Ordinary Shares represent 0.48 per cent of the Company's current issued share capital.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will comprise 168,109,066 Ordinary Shares and that number may be used by Shareholders in the Company as the denominator 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 Company does not hold any shares in treasury. 

 

For more information contact:

 

 

Ilika PlcGraeme Purdy, Chief Executive
Jason Stewart, Chief Financial Officer
www.ilika.com
Via FTI Consulting
Cavendish Capital Markets Limited (Nomad and Broker)Peter Lynch
Neil McDonald

 +44 (0)131 220 9772
+44 (0)131 220 9771
FTI Consulting (Comms Advisors)
Ben Brewerton
Elizabeth Adams
Dwight Burden
ilika@fticonsulting.com

 

 

About Ilika plc - https://www.ilika.com

 

Ilika is a global expert in the development of solid state battery technology for electric vehicles, medical devices and consumer appliances. The Company's pioneering next-generation technologies aim to provide scalable, affordable alternatives to conventional batteries, to industries which need to incorporate a smaller, lighter, and safer power source in their products.

 

The Company has two product lines. Its Stereax batteries are designed for powering miniature medical implants, industrial wireless sensors and Internet of Things (IoT) applications and the Goliath large format batteries designed for EV cars and cordless appliances.

 

Through its licensing business model, Ilika supplies its IP portfolio to both OEMs and manufacturing partners in exchange for a license fee and future royalties

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Graeme Purdy
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ilika plc
b)
LEI
213800TMDNIE3Z8XXD26
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 1 pence each
Identification code
GB00B608Z994
b)
Nature of the transaction
Grant of LTIP share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
702,994
d)
Aggregated information
Not Applicable - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
24 February 2025
f)
Place of the transaction
Off market

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jason Stewart
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
Ilika plc
b)
LEI
213800TMDNIE3Z8XXD26
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 1 pence each
Identification code
GB00B608Z994
b)
Nature of the transaction
Grant of LTIP share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
505,805
d)
Aggregated information
Not Applicable - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
24 February 2025
f)
Place of the transaction
Off market

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Louise Turner
2
Reason for the notification
a)
Position/status
VP Product Development
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ilika plc
b)
LEI
213800TMDNIE3Z8XXD26
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 1 pence each
Identification code
GB00B608Z994
b)
Nature of the transaction
Grant of EMI share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
34p
25,000
d)
Aggregated information
Not Applicable - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
24 February 2025
f)
Place of the transaction
Off market

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Tinson
2
Reason for the notification
a)
Position/status
VP Sales
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ilika plc
b)
LEI
213800TMDNIE3Z8XXD26
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 1 pence each
Identification code
GB00B608Z994
b)
Nature of the transaction
Grant of EMI share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
34p
10,000
d)
Aggregated information
Not Applicable - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
24 February 2025
f)
Place of the transaction
Off market

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Robin Bell
2
Reason for the notification
a)
Position/status
NPI Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ilika plc
b)
LEI
213800TMDNIE3Z8XXD26
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 1 pence each
Identification code
GB00B608Z994
b)
Nature of the transaction
Grant of EMI share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
34p
10,000
d)
Aggregated information
Not Applicable - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
24 February 2025
f)
Place of the transaction
Off market

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mandy Petitt
2
Reason for the notification
a)
Position/status
Financial Controller
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ilika plc
b)
LEI
213800TMDNIE3Z8XXD26
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 1 pence each
Identification code
GB00B608Z994
b)
Nature of the transaction
Grant of EMI share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
34p
20,000
d)
Aggregated information
Not Applicable - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
24 February 2025
f)
Place of the transaction
Off market

 

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