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Pin to quick picksIlika Plc Regulatory News (IKA)

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Award of Share Options, Exercise of Options & TVR

14 Dec 2023 13:46

RNS Number : 8770W
Ilika plc
14 December 2023

Ilika plc

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

Award of Share Options, Exercise of Options and Total Voting Rights

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that on 14 December 2023 it granted options to Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI employee option scheme.

LTIP

Ilika awarded nominal value options under the LTIP over 633,673 ordinary shares of 1p each in the Company ("Ordinary Shares") to two Executive Directors and options over a further 20,000 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 2,090,950 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 2,744,623 Ordinary Shares have been granted representing 1.7% 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 LTIP options granted

Number of EMI options granted

Total number of Options now held

Per cent. of issued share capital

Graeme Purdy

492,764

-

2,796,822

1.76%

Jason Stewart

140,909

213,636

670,344

0.42%

Exercise of Options and Total Voting Rights

Ilika also announces that following the vesting of options under the Company's EMI share option schemes, 75,000 options with an exercise price of 25.5p, have been converted into ordinary shares of one penny each in the Company ("Ordinary Shares"). Accordingly, the Company has applied to the London Stock Exchange for 75,000 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 15 December 2023.

The options represent in aggregate 0.05 per cent of the Company's issued share capital.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 158,975,667 ordinary shares of one penny each and that number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

For more information contact:

Ilika plc

www.ilika.com

Graeme Purdy, Chief Executive

Via Walbrook PR

Liberum Capital Limited (Nomad and Joint Broker)

Tel: 020 3100 2000

Andrew Godber,

Nikhil Varghese

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

Tel: 020 3207 8700

Matthew Armitt, Mark Whitmore, Detlir Elezi,

Natasha Ninkov

Walbrook PR Ltd

Tel: 020 7933 8780 / Ilika@walbrookpr.com

Nick Rome

Mob: 07748 325 236

Charlotte Edgar

Mob: 07884 664 686

Joe Walker

Mob: 0740 702 0470

About Ilika plc - https://www.ilika.com.

Ilika specialises in the developing and commercialisation of solid state batteries. The Company's mission is to rapidly develop leading-edge IP, manufacture and license solid state batteries for markets that cannot be addressed with conventional batteries due to their safety, charge rates, energy density and life limits. The Company achieves this by using ceramic-based lithium-ion technology that is inherently safe in manufacture and usage, higher thermal tolerance and easier to recycle which differentiates our products from existing batteries.

The Company has two product lines. Its Stereax batteries which are designed for powering miniature medical implants, industrial wireless sensors and specialist internet of Things (IoT) applications and the Goliath large format batteries designed for EV cars and cordless appliances.

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 LTIP share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1p

492,764

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 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 LTIP share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1p

140,909

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 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 EMI share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

44p

213,636

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 2023

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Louise Turner

2

Reason for the notification

a)

Position/status

VP Product Development

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 EMI share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

44p

55,000

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 2023

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Tinson

2

Reason for the notification

a)

Position/status

VP Sales

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 EMI share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

44p

30,000

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 2023

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robin Bell

2

Reason for the notification

a)

Position/status

NPI Director

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 EMI share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

44p

20,000

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 2023

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mandy Petitt

2

Reason for the notification

a)

Position/status

Financial Controller

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 EMI share options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

44p

50,000

d)

Aggregated information

Not Applicable - Single Transaction

- Aggregated volume

- Price

e)

Date of the transaction

14 December 2023

f)

Place of the transaction

Off market

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MSCGPGCCPUPWGWC
Date   Source Headline
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15th Mar 202212:34 pmRNSDirector/PDMR Shareholding
25th Feb 20227:00 amRNSDirectorate Change
24th Feb 20222:01 pmRNSPrice Monitoring Extension
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5th Aug 20219:16 amRNSExercise of Options and Total Voting Rights
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29th Jul 20219:00 amRNSExercise of Options and Total Voting Rights
28th Jul 20211:14 pmRNSResults of GM, Open Offer and Total Voting Rights
12th Jul 202112:30 pmRNSPosting of Circular
9th Jul 20214:07 pmRNSResult of Placing and Retail Offer
9th Jul 20217:01 amRNSRetail Offer
9th Jul 20217:00 amRNSProposed Placing, Open Offer and Retail Offer
6th Jul 20217:00 amRNSFinal Results
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