Award of Share Options, Exercise of Options & TVR

Ilika plc

14 December 2023

 

Ilika plc

("Ilika", the "Group" or the "Company")

Award of Share Options, Exercise of Options and Total Voting Rights

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that on 14 December 2023 it granted options to Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI employee option scheme.

LTIP

Ilika awarded nominal value options under the LTIP over 633,673 ordinary shares of 1p each in the Company ("Ordinary Shares") to two Executive Directors and options over a further 20,000 Ordinary Shares to employees. Each award vests on the achievement of certain performance targets over a three-year period. 

EMI option scheme

Ilika granted market value options over 2,090,950 ordinary shares of 1p each in the Company ("Ordinary Shares") to an Executive Director and employees under the Company EMI option scheme.  EMI options vest on the achievement of certain performance targets over a three-year period. 

The awards are intended to align the incentives of the Executive Directors and other senior employees with the Company's performance and outcomes for shareholders over the long term and to provide effective and attractive levels of reward, based on delivering strong performance in a fair and proportionate manner.

In total, options over 2,744,623 Ordinary Shares have been granted representing 1.7% of issued share capital.

Details of grants issued under the LTIP and EMI option scheme by each Executive Director are set out in the table below, together with the total number of Ordinary Shares each Executive Director holds under option and is interested in.

Director	Number of LTIP options granted	Number of EMI options granted	Total number of Options now held	Per cent. of issued share capital
Graeme Purdy	492,764	-	2,796,822	1.76%
Jason Stewart	140,909	213,636	670,344	0.42%

Exercise of Options and Total Voting Rights

Ilika also announces that following the vesting of options under the Company's EMI share option schemes, 75,000 options with an exercise price of 25.5p, have been converted into ordinary shares of one penny each in the Company ("Ordinary Shares"). Accordingly, the Company has applied to the London Stock Exchange for 75,000 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 15 December 2023.

The options represent in aggregate 0.05 per cent of the Company's issued share capital.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 158,975,667 ordinary shares of one penny each 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. 

For more information contact:

Ilika plc		www.ilika.com
Graeme Purdy, Chief Executive		Via Walbrook PR
Liberum Capital Limited (Nomad and Joint Broker)		Tel: [phone]
Andrew Godber,
Nikhil Varghese
Joh. Berenberg, Gossler & Co. KG (Joint Broker)		Tel: [phone]
Matthew Armitt, Mark Whitmore, Detlir Elezi,
Natasha Ninkov
Walbrook PR Ltd	Tel: [phone] / [e-mail]
Nick Rome		Mob: [phone]
Charlotte Edgar		Mob: [phone]
Joe Walker		Mob: [phone]

About Ilika plc - https://www.ilika.com.

Ilika specialises in the developing and commercialisation of solid state batteries. The Company's mission is to rapidly develop leading-edge IP, manufacture and license solid state batteries for markets that cannot be addressed with conventional batteries due to their safety, charge rates, energy density and life limits. The Company achieves this by using ceramic-based lithium-ion technology that is inherently safe in manufacture and usage, higher thermal tolerance and easier to recycle which differentiates our products from existing batteries.

The Company has two product lines. Its Stereax batteries which are designed for powering miniature medical implants, industrial wireless sensors and specialist internet of Things (IoT) applications and the Goliath large format batteries designed for EV cars and cordless appliances.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graeme Purdy
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	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of LTIP share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1p	492,764
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jason Stewart
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	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of LTIP share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1p	140,909
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jason Stewart
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	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			44p	213,636
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Turner
2	Reason for the notification
a)	Position/status	VP Product Development
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			44p	55,000
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Tinson
2	Reason for the notification
a)	Position/status	VP Sales
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			44p	30,000
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robin Bell
2	Reason for the notification
a)	Position/status	NPI Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			44p	20,000
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mandy Petitt
2	Reason for the notification
a)	Position/status	Financial Controller
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			44p	50,000
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2023
f)	Place of the transaction	Off market

 

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