Grant of Share Options

RNS Number : 0310G

Ilika plc

27 February 2015

 

Ilika plc

("Ilika" or the "Company")

Grant of Share Options

Ilika (AIM: IKA), the accelerated materials innovation company, announces that on 26 February it granted options over 1,521,920 ordinary shares of 1p each in the Company ("Options") at an exercise price of 81.5 pence per share, being the closing mid-market price yesterday.

The Options represent in aggregate 2.3 per cent of the existing issued share capital.

The Options were issued under the Company's existing Long Term Incentive Plan and are exercisable from 26 February 2018, subject to achievement of certain performance criteria related to the increase in the total shareholder return of the Company. Options were last issued to Directors in May 2010 and to employees in February 2012.

944,120 Options were granted to employees and 577,800 Options were granted to Directors of the Company as shown below:

Name	Position	New Options granted	Of which EMI Options	Of which Unapproved Options	Total number of Options now held	Per cent. of current issued share capital
G Purdy	Chief Executive Officer	245,300	245,300	-	1,597,500	2.4%
B Hayden	Chief Scientific Officer	177,900	-	177,900	762,200	1.1%
S Boydell	Chief Financial Officer	154,600	154,600	-	362,200	0.5%

For more information contact:

Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Tel: [phone]
Steve Boydell, Finance Director
Numis Securities Limited	Tel: [phone]
Oliver Cardigan/ Adrian Trimmings /
James Black
Walbrook PR Ltd	Tel: [phone] / [e-mail]
Lianne Cawthorn (Media Enquiries)	Mob: [phone]
Paul Cornelius (Investor Enquiries)	Mob: [phone]

 

END

 

 

MSCUNOKRVOAUUAR