Award of Share Options

RNS Number : 4146R

Ilika plc

01 March 2023

 

Ilika plc

("Ilika" or the "Company")

Award of Share Options

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that on 28 February 2023 it granted options to Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI scheme.

LTIP

Ilika awarded nominal value options under the LTIP over 416,954 ordinary shares of 1p each in the Company ("Ordinary Shares") to an Executive Director and options over a further 2,800 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 802,248 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 1,222,002 Ordinary Shares have been granted representing 0.77% 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 options granted	Scheme under which options granted	Total number of Options now held	Per cent. of issued share capital
Graeme Purdy	416,954	LTIP	2,779,067	1.76
Jason Stewart	300,000	EMI	300,000	0.19

For more information contact:
Ilika plc		www.ilika.com
Graeme Purdy, Chief Executive		Via Walbrook PR
Jason Stewart, Chief Financial Officer
Liberum Capital Limited (Nomad and Joint Broker)		Tel: [phone]
Andrew Godber,
William Hall, Nikhil Varghese
Joh. Berenberg, Gossler & Co. KG (Joint Broker)		Tel: [phone]
Matthew Armitt, Mark Whitmore, Detlir Elezi,
Mara Grasso
Walbrook PR Ltd	Tel: [phone] /  [e-mail]
Lianne Applegarth		Mob: [phone]
Nick Rome		Mob: [phone]

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 share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1p	416,954
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28 February 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 share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1p	300,000
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28 February 2023
f)	Place of the transaction	Off market

 

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