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16 May 2025 15:27
16 May 2025
Raspberry Pi Holdings plc
("the Company" or "Raspberry Pi")
Grant of LTIP
Raspberry Pi (LSE: RPI), a leader in high-performance, low-cost computing, announces the grant of awards to PDMRs under the Company's Long-Term Incentive Plan (the "LTIP") as detailed below.
Awards over a total of 624,488 ordinary shares in the company have been granted to PDMRs as set out below. These are in the form of options over shares with a nominal value exercise price of £0.0025 per share (the "LTIP Awards").
The vesting of the LTIP Awards is subject to continued employment and the satisfaction of performance conditions assessed over the three financial years ending 31 December 2027, as set out in the Directors' Remuneration Report for the year ended 31 December 2024.
The LTIP Awards are expected to vest on 14 May 2028. The LTIP Awards granted to Eben Upton (CEO) and Richard Boult (CFO) are subject to a two year holding period after vesting, following the expiration of which they may be exercised. The LTIP Awards granted to other participants may be exercised from the point of vesting.
As disclosed in our Annual Report, share awards to the CEO (Eben Upton) and the other members of senior management are significantly within our dilution limits headroom. For the executive directors they are also in line with our proposed remuneration policy. Awards have been calculated using a five dealing day average share price of £4.90 and have a value of £918k and £714k for the CEO and other members of senior management respectively.
PDMR | Number of ordinary shares subject to LTIP Award |
Eben Upton - Chief Executive Officer | 187,346 |
Richard Boult - Chief Financial Officer | 145,714 |
Carol Copland - General Counsel and Company Secretary | 145,714 |
Mike Buffham - Chief Commercial Officer | 145,714 |
Announcement authorised for release by Carol Copland, Company Secretary.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name | Eben Upton | ||||
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
| Raspberry Pi Holdings plc | ||||
b)
| LEI
| 984500F5FB0E4FEBED17 | ||||
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
Identification code | Ordinary shares of £0.0025 each
ISIN: GB00BS3DYQ52
| ||||
b)
| Nature of the transaction
| Grant of LTIP award | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A
| ||||
e)
| Date of the transaction
| 14 May 2025 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Boult | ||||
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
| Raspberry Pi Holdings plc | ||||
b)
| LEI
| 984500F5FB0E4FEBED17 | ||||
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
Identification code | Ordinary shares of £0.0025 each
ISIN: GB00BS3DYQ52
| ||||
b)
| Nature of the transaction
| Grant of LTIP award | ||||
c)
|
Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A
| ||||
e)
| Date of the transaction
| 14 May 2025 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Carol Copland | ||||
2
| Reason for the notification
| |||||
a)
| Position/status | General Counsel and Company Secretary | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raspberry Pi Holdings plc | ||||
b)
| LEI
| 984500F5FB0E4FEBED17 | ||||
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
Identification code | Ordinary shares of £0.0025 each
ISIN: GB00BS3DYQ52
| ||||
b)
| Nature of the transaction
| Grant of LTIP award | ||||
c)
|
Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A
| ||||
e)
| Date of the transaction
| 14 May 2025 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mike Buffham | ||||
2
| Reason for the notification
| |||||
a)
| Position/status | Chief Commercial Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raspberry Pi Holdings plc | ||||
b)
| LEI
| 984500F5FB0E4FEBED17 | ||||
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
Identification code | Ordinary shares of £0.0025 each
ISIN: GB00BS3DYQ52
| ||||
b)
| Nature of the transaction
| Grant of LTIP award | ||||
c)
|
Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A
| ||||
e)
| Date of the transaction
| 14 May 2025 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
- ENDS -
For more information, please contact:
Notes to Editor Headquartered in Cambridge, UK, Raspberry Pi's mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of enthusiasts and engineers all over the world. Raspberry Pi is a full-stack engineering organisation, with research and development capabilities spanning the entire value chain, from semiconductor IP development, through semiconductor and electronic product design to software engineering and regulatory compliance. The high performance, low cost, and physical robustness of Raspberry Pi products make them suitable for a wide range of applications, across three distinct markets: Industrial and Embedded, Enthusiast and Education and Semiconductors. To date, over 60 million units have been sold. |
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