Ilika Plc Regulatory News (IKA)

Ilika plc

("Ilika" or the "Company")

Appointment of Vice President Product Development

 Conversion of preference shares, total voting rights and award of share options update

Ilika (AIM: IKA), a pioneer in solid-state battery technology, today provides an update on senior appointments, a notice of conversion of preference shares, total voting rights, and an update to staff share option awards.

VP Product Development

With effect from 1 September 2023, Ilika has appointed Dr. Louise Turner to the role of VP Product Development. Promoted from her current position as Technical Director, Louise has demonstrated her skills in overseeing both the scientific development and scale-up activities of the Stereax® product and can draw on both her Doctorate in Chemistry and MBA in Business & Technology to further the Ilika story.

Louise will take over line management responsibility for Ilika's Stereax and Goliath product development programmes from Robin Bell. Robin will continue to work with and support the Company in an advisory capacity as New Product Introduction Director where he will continue supporting each product in its journey to market.

Ilika's CEO Graeme Purdy, stated: "We are delighted to have the opportunity to promote such a capable leader and scientist as Louise to the senior management team. Louise will build on the product development and commercialisation work that she has delivered with the Stereax team to the wider business helping to enact the same scale up and delivery in the Goliath product roadmaps. We look forward to continuing our relationship with Robin in his new technical consulting role."

Conversion of preference shares

Ilika announces that following receipt of conversion notices in relation to 426,300 convertible preferred Ordinary Shares of one penny each, it has today issued 426,300 Ordinary Shares. Accordingly, the Company has applied to the London Stock Exchange for 426,300 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 19 June 2023.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 158,900,667 Ordinary Shares 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.  

Award of share options update

The Company also announces that as part of the Company's EMI option scheme, in addition to the 802,248 options granted over ordinary shares of one penny each in the Company ("Ordinary Shares") on 1 March 2023, the Company awarded an additional 350,138 market value options to employees on 1 March 2023. Therefore, an aggregate of 1,572,140 options over Ordinary Shares had been granted to employees under the EMI option scheme on 1 March 2023, representing 0.99% of issued share capital.

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About Ilika plc

Ilika specialises in the development of solid-state batteries. Its Stereax® product line is designed for miniature medical devices and specialist internet of Things (IoT) applications. Stereax® enables disruptive product designers looking for an intrinsically safe, long life (1000s recharges), low leakage (nA) and miniature power source in a rectangular form factor similar to ICs. For more information about Ilika, please visit:  https://www.ilika.com.