Forward Partners Group plc
("Forward Partners" or "the Group")
LONG TERM INCENTIVE PLAN AWARDS AND DIRECTOR'S DEALING
Forward Partners Group plc (LSE: FWD), the London-based investment firm specialising in supporting high growth, early-stage technology businesses, confirms that it has granted Lloyd Smith, who joined the Company in March 2022, a total of 155,946 options over ordinary shares in the capital of the Company (the "Options") pursuant to the Company's 2022 Long Term Incentive Plan (the "LTIP"), as part of a wider grant of options under the LTIP to certain employees of the Group.
Vesting of the Options is subject to the achievement of performance conditions linked to shareholder returns and target portfolio exits, and continued employment. The Options are exercisable at a nominal value (£0.01) and will vest in tranches over the period to 19 July 2024.
The notification below, made in accordance with the requirements of UK MAR, provides further detail on the grant of Options.
ENDS
Enquiries
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Forward Partners Group plc Nic Brisbourne, Chief Executive Officer |
via H/Advisors Maitland |
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Liberum Capital Limited (Nominated Adviser and Broker) Neil Patel Lauren Kettle Cara Murphy |
Tel: +44 20 3100 2222 |
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H/Advisors Maitland (Financial PR) Sam Turvey Alistair de Kare-Silver |
forwardpartners@h-advisors.global Tel: +44 (0) 207 379 5151 |
About Forward Partners
Founded in 2013, Forward Partners is an established and respected London-based venture capital firm, specialising in supporting high growth, early-stage technology businesses in the UK.
The Group brings together venture capital provider Forward Ventures, equity-free revenue-based financing through Forward Advances and highly specialised growth support from Forward Studio. This model supports founders to build stronger businesses faster to provide better outcomes for companies and investors alike.
The Group makes equity investments in early-stage, high growth UK companies, and from inception to its admission to London's AIM market in July 2021 had made over 60 unique investments and built a portfolio with an Initial Portfolio NAV in excess of £90m. It holds a nine-year track record of making venture capital investments, and targets underlying NAV growth of 20% per annum over the cycle.
The management team brings together highly experienced venture capitalists, entrepreneurs, and expert consultants. Since 2015, Forward Partners has been backed by BlackRock, one of the largest institutional investors in the world. The Group receives over 4,000 start-up funding applications every year.
For more information, visit https://forwardpartners.com
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a)
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Name |
Lloyd Smith |
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2 |
Reason for the notification |
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a) |
Position/status |
CFO |
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b) |
Initial notification/Amendment |
Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Forward Partners Group plc |
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b) |
LEI |
213800G3LF6776Y7IY64 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Options over ordinary shares of one penny each |
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Identification code |
GB00BKPGBB09 |
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b) |
Nature of the transaction |
Grant of options over ordinary shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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1 pence |
155,946 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e) |
Date of the transaction |
1 November 2022 |
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f) |
Place of the transaction |
Off-market transaction |
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