Source - LSE Regulatory
RNS Number : 8609B
Tekcapital plc
15 June 2021
 

 

 

 

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

 

b)

 

Nature of the transaction

 

Grant of options over ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Director/PDMR

 Price(s)

Volume(s)

Lord David Willetts

19p

100,000

Robert Miller

19p

200,000

Max Inglis

 

19p

200,000

Konrad Dabrowski 

19p

700,000

 

 

 

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Price(s)

Volume(s)

19p  per share

1,200,000

 

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

 



 

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