25 Jun 2020 07:00
TRACKWISE DESIGNS PLC
("Trackwise" or the "Company")
Grant of options
PDMR dealing
Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces that on 24 June 2020, a total of 1,009,000 options ("Options") over the Company's ordinary shares of 4 pence each ("Ordinary Shares") were granted to certain employees including certain PDMRs.
The Options have an exercise price of 87.50 pence per Ordinary Share and vest on the later of 30 June 2022 and the achievement of certain performance conditions. The performance conditions of the Options are linked to the Company's future profits and share price performance. The Options are subject to claw back and malus provisions.
The award included the following options granted to a director of the Company:
Name | Options granted | Existing options | Total options now held |
Mark Hodgkins (CFO) | 290,000 | 78,690 | 368,690 |
Enquiries:
Trackwise Designs plc | +44 (0)1684 299 930 |
Philip Johnston, CEO | www.trackwise.co.uk |
Mark Hodgkins, CFO | |
finnCap Ltd | +44 (0)20 7220 0500 |
NOMAD and Broker | |
Ed Frisby / Matthew Radley - Corporate Finance Andrew Burdis / Manasa Patil - ECM | |
Alma PR | +44 (0)20 3405 0205 |
Financial PR and IR | |
Caroline Forde / Josh Royston / David Ison / Kieran Breheny |
Note to editors
Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.
The full suite includes: Improved Harness Technology TM ("IHT"), Microwave and RF, Short Flex, Flex Rigid and Rigid Multilayer products.
IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.
The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe, North America, Asia, and Australia.
Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Mark Hodgkins |
2
| Reason for the notification
| |
a)
| Position/status
| CFO |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 290,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Michael Prosser |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 32,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Colin Hallam |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 4,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Andy McGarry |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 32,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Tim Gee |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 32,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Bas Daljit |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 14,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Simon Taylor |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 8,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Mike Fairclough |
2
| Reason for the notification
| |
a)
| Position/status
| PDMR |
b)
| Initial notification /Amendment
| Initial |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| Trackwise Designs plc |
b)
| LEI
| 549300KQIX5EWTJMFK75 |
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 | Share options over ordinary shares of 4 pence each |
Identification code | GB00BFYT9999 | |
b)
| Nature of the transaction
| Grant of options |
c) | Price and volume | Price: 87.50 pence
Volume: 10,000
|
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 24 June 2020 |
f)
| Place of the transaction
| London Stock Exchange, AIM |