REG - Ilika plc - Award & Exercise of Share Options
27/02/2025 07:15
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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 Plc www.ilika.com (http://www.ilika.com/)
Graeme Purdy, Chief Executive
Via FTI Consulting
Jason Stewart, Chief Financial Officer
Cavendish Capital Markets Limited (Nomad and Broker) +44 (0)131 220 9772
Peter Lynch
+44 (0)131 220 9771
Neil McDonald
FTI Consulting (Comms Advisors) ilika@fticonsulting.com
Ben Brewerton
Elizabeth Adams
Dwight Burden
About Ilika plc - https://www.ilika.com (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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