Company Announcements

Award of Share Options

Source: RNS
RNS Number : 4146R
Ilika plc
01 March 2023
 

Ilika plc

("Ilika" or the "Company")

 

Award of Share Options

 

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that on 28 February 2023 it granted options to Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI scheme.

 

LTIP

 

Ilika awarded nominal value options under the LTIP over 416,954 ordinary shares of 1p each in the Company ("Ordinary Shares") to an Executive Director and options over a further 2,800 Ordinary Shares to employees. Each award vests on the achievement of certain performance targets over a three-year period. 

 

EMI option scheme

 

Ilika granted market value options over 802,248 ordinary shares of 1p each in the Company ("Ordinary Shares") to an Executive Director and employees under the Company EMI option scheme.  EMI options 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 performance in a fair and proportionate manner.

 

In total, options over 1,222,002 Ordinary Shares have been granted representing 0.77% of issued share capital.

 

Details of grants issued under the LTIP and EMI option scheme 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 options granted

Scheme under which options granted

Total number of Options now held

Per cent. of issued share capital

Graeme Purdy

416,954

LTIP

2,779,067

1.76

Jason Stewart

300,000

EMI

300,000

0.19

 

 

 

For more information contact:


Ilika plc

www.ilika.com

Graeme Purdy, Chief Executive

Via Walbrook PR

Jason Stewart, Chief Financial Officer








Liberum Capital Limited (Nomad and Joint Broker)

Tel: 020 3100 2000

Andrew Godber,


William Hall, Nikhil Varghese






Joh. Berenberg, Gossler & Co. KG (Joint Broker)

Tel: 020 3207 8700

Matthew Armitt, Mark Whitmore, Detlir Elezi,


Mara Grasso






Walbrook PR Ltd

Tel: 020 7933 8780 / Ilika@walbrookpr.com

Lianne Applegarth

Mob: 07584 391 303

Nick Rome

Mob: 07748 325 236

 

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 share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




1p

416,954







d)

 

Aggregated information

Not Applicable - Single Transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

28 February 2023

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 share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




1p

300,000







d)

 

Aggregated information

Not Applicable - Single Transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

28 February 2023

f)

 

Place of the transaction

 

 

Off market

 

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