REG - Raspberry Pi Hldgs - Grant of LTIP
16/05/2025 15:30
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RNS Number : 0770J Raspberry Pi Holdings PLC 16 May 2025
16 May 2025
Raspberry Pi Holdings plc
("the Company" or "Raspberry Pi")
Grant of LTIP
Raspberry Pi (LSE: RPI), a leader in high-performance, low-cost computing,
announces the grant of awards to PDMRs under the Company's Long-Term Incentive
Plan (the "LTIP") as detailed below.
Awards over a total of 624,488 ordinary shares in the company have been
granted to PDMRs as set out below. These are in the form of options over
shares with a nominal value exercise price of £0.0025 per share (the "LTIP
Awards").
The vesting of the LTIP Awards is subject to continued employment and the
satisfaction of performance conditions assessed over the three financial years
ending 31 December 2027, as set out in the Directors' Remuneration Report for
the year ended 31 December 2024.
The LTIP Awards are expected to vest on 14 May 2028. The LTIP Awards granted
to Eben Upton (CEO) and Richard Boult (CFO) are subject to a two year holding
period after vesting, following the expiration of which they may be exercised.
The LTIP Awards granted to other participants may be exercised from the point
of vesting.
( )
As disclosed in our Annual Report, share awards to the CEO (Eben Upton) and
the other members of senior management are significantly within our dilution
limits headroom. For the executive directors they are also in line with our
proposed remuneration policy. Awards have been calculated using a five dealing
day average share price of £4.90 and have a value of £918k and £714k for
the CEO and other members of senior management respectively.
PDMR Number of ordinary shares subject to LTIP Award
Eben Upton - Chief Executive Officer 187,346
Richard Boult - Chief Financial Officer 145,714
Carol Copland - General Counsel and Company Secretary 145,714
Mike Buffham - Chief Commercial Officer 145,714
Announcement authorised for release by Carol Copland, Company Secretary.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Eben Upton
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 Raspberry Pi Holdings plc
b) LEI 984500F5FB0E4FEBED17
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 £0.0025 each
Identification code
ISIN: GB00BS3DYQ52
b) Nature of the transaction Grant of LTIP award
Price(s) and volume(s) Price(s) Volume(s)
Nil 187,346
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 14 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 May 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Boult
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 Raspberry Pi Holdings plc
b) LEI 984500F5FB0E4FEBED17
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 £0.0025 each
Identification code
ISIN: GB00BS3DYQ52
b) Nature of the transaction Grant of LTIP award
Price(s) Volume(s)
Nil 145,714
Price(s) and volume(s)
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 14 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 May 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Carol Copland
2 Reason for the notification
a) Position/status General Counsel and Company Secretary
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Raspberry Pi Holdings plc
b) LEI 984500F5FB0E4FEBED17
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 £0.0025 each
Identification code
ISIN: GB00BS3DYQ52
b) Nature of the transaction Grant of LTIP award
Price(s) Volume(s)
Nil 145,714
Price(s) and volume(s)
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 14 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 May 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mike Buffham
2 Reason for the notification
a) Position/status Chief Commercial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Raspberry Pi Holdings plc
b) LEI 984500F5FB0E4FEBED17
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 £0.0025 each
Identification code
ISIN: GB00BS3DYQ52
b) Nature of the transaction Grant of LTIP award
Price(s) Volume(s)
Nil 145,714
Price(s) and volume(s)
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 14 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 May 2025
f)
Place of the transaction
Outside a trading venue
- ENDS -
For more information, please contact:
Raspberry Pi Holdings plc
Eben Upton, CEO, Richard Boult, CFO Alma Strategic Communications
Andy Bryant - IR investors@raspberrypi.com
Alma Strategic Communications T: +44 (0)203 405 0205
Josh Royston, Caroline Forde, Hannah Campbell raspberrypi@almastrategic.com
Notes to Editor
Headquartered in Cambridge, UK, Raspberry Pi's mission is to put
high-performance, low-cost, general-purpose computing platforms in the hands
of enthusiasts and engineers all over the world.
Raspberry Pi is a full-stack engineering organisation, with research and
development capabilities spanning the entire value chain, from semiconductor
IP development, through semiconductor and electronic product design to
software engineering and regulatory compliance. The high performance, low
cost, and physical robustness of Raspberry Pi products make them suitable for
a wide range of applications, across three distinct markets: Industrial and
Embedded, Enthusiast and Education and Semiconductors. To date, over 60
million units have been sold.
Notes to Editor
Headquartered in Cambridge, UK, Raspberry Pi's mission is to put
high-performance, low-cost, general-purpose computing platforms in the hands
of enthusiasts and engineers all over the world.
Raspberry Pi is a full-stack engineering organisation, with research and
development capabilities spanning the entire value chain, from semiconductor
IP development, through semiconductor and electronic product design to
software engineering and regulatory compliance. The high performance, low
cost, and physical robustness of Raspberry Pi products make them suitable for
a wide range of applications, across three distinct markets: Industrial and
Embedded, Enthusiast and Education and Semiconductors. To date, over 60
million units have been sold.
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