Director/PDMR Shareholding

RNS Number : 8993U

Draper Esprit PLC

27 November 2019

 

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

Grant of Options to a Person Discharging Managerial Responsibility ("PDMR")

Draper Esprit PLC (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, announces that options (the "Options") over a total of 200,000 ordinary shares with a nominal value of 1 pence each in the share capital of the Company ("Ordinary Shares") have been awarded to the recently appointed CEO of Draper Esprit and PDMR of the Company, Martin Davis, pursuant to the Company Share Option Plan ("CSOP"), as set out below.

The Options have an exercise price of 467p (based on the mid closing price on the day of the award of the options and the day of announcement of the interim results), a performance condition of an 8% per annum share price hurdle and a vesting period of 3 years.

After the grant of these Options, the PDMR will have the following Ordinary Shares and Options:

PDMR	Options awarded	Total Options	Ordinary Shares
Martin Davis	200,000	200,000	0

The notification set out in the Annex below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such purchase.

ANNEX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Davis
2	Reason for the notification
a)	Position / status	CEO
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Draper Esprit PLC
b)	LEI	213800IPCR3SAYJWSW10
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument	Options in respect of the CSOP over ordinary shares of 1p each
	Identification Code	GB00BY7QYJ50
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	200,000 options with an exercise price of 467p pence
d)	Aggregated information -      Aggregated volume -      Price	n/a
e)	Date of the transaction	26 November 2019
f)	Place of the transaction	London

 Enquiries

Draper Esprit plc Martin Davis (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer)	[phone]
Numis Securities Nominated Adviser & Joint Broker Richard Thomas Jamie Loughborough	[phone]
Goodbody Stockbrokers Euronext Growth Adviser & Joint Broker Don Harrington Charlotte Craigie Dearbhla Gallagher	[phone]
Powerscourt Public relations James White Elly Williamson Jessica Hodgson	[phone]

 

END

 

 

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