REG - Tekcapital plc - Grant of Share Options

TekcapitalAnnouncement

01/07/2024 11:30

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RNS Number : 6141U  Tekcapital plc  01 July 2024

 

 

1 July 2024

Tekcapital Plc

("Tekcapital", the "Company" or "the Group")

Grant of Share Options

 

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group
focused on creating valuable products that can improve people's
lives, announces the grant of 2,500,000 share options ("Share Options") over
new ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") to
certain employees and independent non-executive directors.

 

The Share Options have an exercise price of 11.1p which is a 20% premium to
the 9.25p closing price of the Company's shares on 28 June 2024. The Share
Options vest in three equal annual instalments from the date of grant and
cannot be exercised until 36 months from the date of grant. In addition, for
Mr. Max Inglis, Mr. Konrad Dabrowski and Monica Rios are subject to
performance criteria (the criteria requiring a growth in NAV of the Company at
a minimum of 8% per annum) as agreed by the Remuneration Committee. If not
exercised the Share Options will lapse 5 years after the date of grant.

 Executive             No. of options granted  Existing no. of options      Option Type  Total no. of options over Ordinary Shares  Total Options as a percentage of the Company's issued share capital
 Dr. Robert Miller     100,000                 300,000                      Non-EMI      400,000                                    0.20%
 Lord David Willetts   100,000                 200,000                      Non-EMI      300,000                                    0.15%
 Mr. Louis Castro      100,000                 -                            Non-EMI      100,000                                    0.05%
 Mr. Max Inglis        100,000                 1,900,000                    Non-EMI      2,000,000                                  1.01%
 Mr. Konrad Dabrowski  2,000,000               2,000,000                    Non-EMI      4,000,000                                  2.02%
 Monica Rios           100,000                 -                            Non-EMI      100,000                                    0.05%

 A total of 2,500,000 of the awarded Share Options are as set out below:

 

Following the issue of the new Share Options, the total number of Ordinary
Shares under option is 12,002,000 Ordinary Shares representing 6.06% of the
Company's issued share capital.

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                                              Dr. Robert Miller (Independent Non-Executive Director)

                                                        Lord David Willetts (Independent Non-Executive Director)

                                                        Mr. Louis Castro (Independent Non-Executive Director)

                                                        Max Inglis (General Counsel)

                                                        Konrad Dabrowski (CFO)

                                                        Monica Rios
 2    Reason for the notification

 a)   Position/status                                   See 1 a) above

 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  Options over Ordinary Shares of 0.4p each

      instrument

      Identification code

                                                        ISIN: GB00BKXGY798

 b)   Nature of the transaction                         Grant of options over ordinary shares

 c)   Price(s) and volume(s)

Director/PDMR         Price(s)   Volume(s)
                                                        Dr. Robert Miller    11.1p       100,000

                                                 Lord David Willetts  11.1p       100,000
                                                        Mr. Louis Castro     11.1p       100,000
                                                        Max Inglis           11.1p       100,000

                                                        Konrad Dabrowski     11.1p       2,000,000
                                                        Monica Rios          11.1p       100,000

 

 d)   Aggregated information

Director/PDMR         Price(s)   Volume(s)
      - Aggregated volume                               Dr. Robert Miller    11.1p       100,000

                                                 Lord David Willetts  11.1p       100,000
      - Price                                           Mr. Louis Castro     11.1p       100,000

                                                 Max Inglis           11.1p       100,000

                                                        Konrad Dabrowski     11.1p       2,000,000
                                                        Monica Rios          11.1p       100,000

 

 e)   Date of the transaction                           28 June 2024

 f)   Place of the transaction                          Outside a trading venue

 

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 Director/PDMR         Price(s)   Volume(s)
 Dr. Robert Miller    11.1p       100,000
 Lord David Willetts  11.1p       100,000
 Mr. Louis Castro     11.1p       100,000
 Max Inglis           11.1p       100,000

 Konrad Dabrowski     11.1p       2,000,000
 Monica Rios          11.1p       100,000

 

 

e)

 

Date of the transaction

 

28 June 2024

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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 (about:blank)

 

LEI: 213800GOJTOV19FIFZ85

 

For further information, please contact:

 

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

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)                          +44 (0) 20 3470 0470
 Richard Morrison / Charlie Bouverat (Corporate Finance)
 Abigail Wayne / Rob Rees (Corporate Broking)

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

 

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