REG - Tekcapital plc - Exercise of Stock Options and Total Voting Rights

TekcapitalAnnouncement

15/11/2022 07:01

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RNS Number : 3607G  Tekcapital plc  15 November 2022

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). With the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.

 

15(th) November 2022

 

Tekcapital plc

 ("Tekcapital" or the "Company")

Exercise of Stock Options and Total Voting Rights

 

Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property
investment group focused on creating valuable products from investing in
university technology that can improve people's lives, is pleased to announce
that the Company has received notice from Konrad Dabrowski (Non-board CFO) and
Max Inglis (General Counsel) to exercise their options to subscribe for
1,100,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares")
at an exercise price of 7.83p per new Ordinary Share. The notice was accepted
and having received the appropriate payment the Company has accordingly issued
and allotted the 1,100,000 new ordinary shares (the "Option Shares").

 

 Executive             Existing no. of options  Option Shares Exercised  Remaining Share Options Held      Shareholding on Admission  Resultant percentage shareholding
 Mr. Max Inglis        2,000,000                100,000                  1,900,000                         1,625,000                  1.08%
 Mr. Konrad Dabrowski  3,000,000                1,000,000                2,000,000                         1,228,000                  0.8%

 

Application has been made for the Option Shares to be admitted to trading on
the London Stock AIM (the "Admission"). It is expected that Admission will
become effective on or around 18(th) November 2022.

Following the issue of the Option Shares, which on Admission will rank pari
passu with the existing ordinary shares, the total number of ordinary shares
in issue with voting rights in the Company will be 150,692,328. There are no
shares held in treasury.

The above figure of 150,692,328 may therefore be used by shareholders as the
denominator for the calculation by which they may determine if they are
required to notify their interest in, or change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them are set
out below pursuant to the EU Market Abuse regulation.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1.  Max Inglis (General Counsel)

                                                                   2.  Konrad Dabrowski (CFO)
 2    Reason for the notification

 a)   Position/status                                              1.  General Counsel

                                                                   2.  Chief Financial Officer
 b)   Initial notification /                                       Initial notification

      Amendment
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         TEKCAPITAL PLC

 b)   LEI                                                          213800GOJTOV19FIFZ85
 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 0.4p each

      Identification code

                                                                   ISIN: GB00BKXGY798

 b)   Nature of the transaction                                    Exercise of options over new ordinary shares of 0.4 pence each in the Company
 c)   Price(s) and volume(s)

Director/PDMR        Price(s)   Volume(s)
                                                                   Max Inglis          7.83p       100,000

                                                                   Konrad Dabrowski    7.83p       1,000,000
 d)   Aggregated information

Director/PDMR        Price(s)   Volume(s)
      - Aggregated volume                                          Max Inglis          7.83p       100,000

      - Price

                                                            Konrad Dabrowski    7.83p       1,000,000

 
 e)   Date of the transaction                                      14(th) November 2022

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 Director/PDMR        Price(s)   Volume(s)
 Max Inglis          7.83p       100,000

 Konrad Dabrowski    7.83p       1,000,000

 

e)

 

Date of the transaction

 

14(th) November 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

LEI: 213800GOJTOV19FIFZ85

 

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives and provides a range of technology
transfer services to help organisations evaluate and commercialise new
technologies. Tekcapital is quoted on the AIM market of the London Stock
Exchange (AIM: symbol TEK) and is headquartered in the UK. For more
information, please visit www.tekcapital.com (http://www.tekcapital.com) .

 

For further information, please contact:

 

 Tekcapital Plc                                                                   Via Flagstaff IR
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP                                                   +44 (0) 20 3470 0470

 (Nominated Adviser and Broker)
 Richard Morrison / Charlie Bouverat (Corporate Finance)

 Rob Rees (Corporate Broking)

 Flagstaff Strategic and Investor Communications                                  +44 (0) 20 7129 1474
 Tim Thompson / Andrea Seymour / Fergus Mellon

 

This press release is for informational purposes only. The information herein
does not constitute investment advice nor an offer to invest and may contain
statements related to our future business and financial performance and future
events or developments involving Tekcapital that may constitute
forward-looking statements. These statements may be identified by words such
as "expect," "look forward to," "anticipate" "intend," "plan," "believe,"
"seek," "estimate," "will," "project" or words of similar meaning. We may also
make forward-looking statements in other reports, in presentations, in
material delivered to customers, stakeholders and in press releases. In
addition, our representatives may from time to time make oral forward-looking
statements. Such statements may be based on the current expectations and
certain assumptions of   Tekcapital's management. Please note that these are
subject to a number of risks, uncertainties and factors, including, but not
limited to those described in various disclosures. Should one or more of these
risks or uncertainties materialise, or should underlying expectations not
occur or assumptions prove incorrect, actual results, performance or
achievements of Tekcapital may vary materially from those described explicitly
or implicitly in the relevant forward-looking statement. Tekcapital neither
intends, nor assumes any obligation, to update or revise these forward-looking
statements in light of developments which differ from those anticipated.

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