Last checked at 27 Feb 2015 07:00
Ilika plc
("Ilika" or the "Company")
Grant of Share Options
Ilika (AIM: IKA), the accelerated materials innovation company, announces that on 26 February it granted options over 1,521,920 ordinary shares of 1p each in the Company ("Options") at an exercise price of 81.5 pence per share, being the closing mid-market price yesterday.
The Options represent in aggregate 2.3 per cent of the existing issued share capital.
The Options were issued under the Company's existing Long Term Incentive Plan and are exercisable from 26 February 2018, subject to achievement of certain performance criteria related to the increase in the total shareholder return of the Company. Options were last issued to Directors in May 2010 and to employees in February 2012.
944,120 Options were granted to employees and 577,800 Options were granted to Directors of the Company as shown below:
Name | Position | New Options granted | Of which EMI Options | Of which Unapproved Options | Total number of Options now held | Per cent. of current issued share capital |
G Purdy | Chief Executive Officer | 245,300 | 245,300 | - | 1,597,500 | 2.4% |
B Hayden | Chief Scientific Officer | 177,900 | - | 177,900 | 762,200 | 1.1% |
S Boydell | Chief Financial Officer | 154,600 | 154,600 | - | 362,200 | 0.5% |
For more information contact:
Ilika plc | www.ilika.com |
Graeme Purdy, Chief Executive | Tel: 023 8011 1400 |
Steve Boydell, Finance Director |
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Numis Securities Limited | Tel: 020 7260 1000 |
Oliver Cardigan/ Adrian Trimmings / |
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James Black |
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Walbrook PR Ltd | Tel: 020 7933 8780 / ilika@walbrookpr.com |
Lianne Cawthorn (Media Enquiries) | Mob: 07584 391 303 |
Paul Cornelius (Investor Enquiries) | Mob: 07827 879 460 |