REG - Trackwise Designs - Grant of Options

Trackwise DesignsAnnouncement

26/08/2022 07:00

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RNS Number : 2958X  Trackwise Designs PLC  26 August 2022

TRACKWISE DESIGNS PLC

("Trackwise" or the "Company")

Grant of Options

 

Trackwise Designs (AIM: TWD), a leading provider of specialist products using
printed circuit technology, announces that on 25 August 2022, 508,334 options
over the Company's ordinary shares of 4 pence each ("Ordinary Shares")
("Options") were granted to certain PDMRs and in addition 859,000 Options were
approved for granting shortly to non-PDMR employees.

The Options have an exercise price of 45.0 pence per Ordinary Share and vest
on the later of 31 August 2025 and the achievement of certain performance
conditions. The performance conditions of the Options for PDMRs are linked to
the Company's future pre-tax profits and share price performance while the
performance condition for all other employees is linked to the Company's
future pre-tax profits. The Options are subject to claw back and malus
provisions.

The award detailed above included the following options granted to a director
of the Company:

 Name            Options granted & total options now held
 Paul Cook, CFO  275,000

 

 

Enquiries:

                                                                      +44(0)16 8429 9930

 Trackwise Designs plc
 Philip Johnston, CEO                                                 www.trackwise.co.uk (http://www.trackwise.co.uk/)
 Paul Cook, CFO

 finnCap Ltd                                                          +44(0)20 7220 0500
 NOMAD and Broker
 Ed Frisby / Tim Harper - Corporate Finance
 Andrew Burdis / Barney Hayward - ECM

 Alma PR                                                              +44(0)20 3405 0212
 Financial PR and IR
 David Ison / Caroline Forde / Kieran Breheny / Pippa Crabtree

 

Notes to Editors

Trackwise is a UK-based manufacturer of specialist products using printed
circuit technology.

 

The full suite includes: Improved Harness Technology™ ("IHT") and Advanced
PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid
Multilayer products.

 

IHT uses a proprietary, patented process that Trackwise has developed to
manufacture multilayer flexible printed circuits of unlimited length. While
the technology has many applications, the directors expect that one of its
primary uses will be to replace traditional wire harness in a variety of
industries.

 

The Company operates from three sites, located in Tewkesbury, Stonehouse and
Stevenage. It serves customers in Europe and North America.

 

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker
TWD. For additional information please visit www.trackwise.co.uk
(http://www.trackwise.co.uk)

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Steve Hudson

 2    Reason for the notification

 a)   Position/status                                              COO

 b)   Initial notification /Amendment                              Initial

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

    platform, auctioneer or auction monitor

 a)   Name                                                         Trackwise Designs plc

 b)   LEI                                                          549300KQIX5EWTJMFK75

 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  Share options over ordinary shares of 4 pence each

      Identification code                                          GB00BFYT9999

 b)   Nature of the transaction                                    Grant of options

 c)   Price and volume                                             Price: 45 pence

                                                                   Volume: 233,334

 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price

 e)   Date of the transaction                                      25 August 2022

 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Paul Cook

 2    Reason for the notification

 a)   Position/status                                              CFO

 b)   Initial notification /Amendment                              Initial

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

    platform, auctioneer or auction monitor

 a)   Name                                                         Trackwise Designs plc

 b)   LEI                                                          549300KQIX5EWTJMFK75

 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  Share options over ordinary shares of 4 pence each

      Identification code                                          GB00BFYT9999

 b)   Nature of the transaction                                    Grant of options

 c)   Price and volume                                             Price: 45 pence

                                                                   Volume: 275,000

 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price

 e)   Date of the transaction                                      25 August 2022

 f)   Place of the transaction                                     Outside a trading venue

 

 

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