Last checked at 15 Jun 2021 07:00
15 June 2021
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Grant of Share Options
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating valuable products from investing in university technologies that can improve the quality of life, announces the grant of 1,200,000 share options over the Company's ordinary shares ("Share Options") to certain employees and independent non-executive directors.
The Share Options will have an exercise price of 19p which is a 26% premium on the 15p closing price on 14 June 2021. The Share Options vest in three equal annual installments from the date of grant and cannot be exercised until 36 months from the date of grant. In addition, for Mr. Max Inglis and Mr. Konrad Dabrowski are subject to performance criteria (the criteria requiring a growth in NAV of the Company at a minimum of 8% per annum) as agreed by the Remuneration Committee. If not exercised the Share Options will lapse 5 years after the date of grant.
Executive | No. of options granted | Existing no. of options | Option Type | Total no. of options over Ordinary Shares | Total Options as a percentage of the Company's issued share capital | |
Dr. Robert Miller | 200,000 | 200,000 | Non-EMI | 400,000 | 0.31% | |
Lord David Willetts | 100,000 | 100,000 | Non-EMI | 200,000 | 0.15% | |
Mr. Max Inglis | 200,000 | 1,250,000 | Non-EMI | 1,450,000 | 1.10% | |
Mr. Konrad Dabrowski | 700,000 | 1,425,000 | Non-EMI | 2,125,000 | 1.62% |
A total of 1,200,000 of the awarded Share Options are as set out below:
Following the issue of the new Share Options, the total number of Ordinary Shares under option is 9,645,000 Ordinary Shares representing 7.37% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||
a)
| Name | Lord David Willetts (Independent Non-Executive Director) Robert Miller (Independent Non-Executive Director) Max Inglis (General Counsel) Konrad Dabrowski (CFO) | |||||||||||||||
2
| Reason for the notification | ||||||||||||||||
a)
| Position/status
| See 1 a) above | |||||||||||||||
b)
| Initial notification / Amendment
| Initial notification | |||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||
a)
| Name
| TEKCAPITAL PLC | |||||||||||||||
b)
| LEI
| 213800GOJTOV19FIFZ85 | |||||||||||||||
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
| Options over Ordinary Shares of 0.4p each
ISIN: GB00BKXGY798
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b)
| Nature of the transaction
| Grant of options over ordinary shares | |||||||||||||||
c)
| Price(s) and volume(s)
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d)
| Aggregated information - Aggregated volume - Price
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e)
| Date of the transaction
| 14 June 2021 | |||||||||||||||
f)
| Place of the transaction
| Outside a trading venue | |||||||||||||||
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc | Via Flagstaff | |
Clifford M. Gross, Ph.D. | ||
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) | +44 (0) 20 3470 0470 | |
Richard Morrison/Charlie Bouverat (Corporate Finance) | ||
Abigail Wayne (Corporate Broking) | ||
Flagstaff Strategic and Investor Communications |
| +44 (0) 20 7129 1474 |
Tim Thompson/Andrea Seymour/Fergus Mellon
|