Director/PDMR Shareholding

RNS Number : 5687R

Draper Esprit PLC

30 June 2020

 

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

Grant of Options to Persons Discharging Managerial Responsibility ("PDMRs")

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 418,930 ordinary shares with a nominal value of 1p each in the share capital of the Company ("Ordinary Shares") have been awarded to certain PDMRs of the Company pursuant to the Company Share Option Plan ("CSOP") and Long-Term Incentive Plan ("LTIP"), as set out below.

The Options awarded under the CSOP have an exercise price of 449p (being the closing mid-market price at 29^th June 2020), a performance condition of an 8% per annum share price hurdle and a vesting period of 3 years.

The Options awarded under the LTIP have a nominal value exercise of 1p price and are subject to the LTIP performance conditions set out in the Company's annual report and accounts for the financial year ended 31 March 2020, a copy of which is available at https://draperesprit.com/investors/plc/results-and-reports.

After the grant of these Options, the PDMRs set out below have the following Options and Ordinary Shares:

PDMR	Options Awarded	Total Options	Ordinary Shares
Martin Davis	200,000 (CSOP) 93,541 (LTIP)	493,541 -	- -
Stuart Chapman	64,365 (LTIP)	890,569	1,344,306
Ben Wilkinson	61,024 (LTIP)	766,854	5,604

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 and the LTIP over ordinary shares of 1p each
	Identification Code	GB00BY7QYJ50
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	200,00 options with an exercise price of 449p 93,541 options with an exercise price of 1p
d)	Aggregated information -  Aggregated volume -  Price	n/a
e)	Date of the transaction	29 June 2020 (LTIP) and 30 June 2020 (CSOP)
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Chapman
2	Reason for the notification
a)	Position / status	Chief Portfolio Officer
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 LTIP over ordinary shares of 1p each
	Identification Code	GB00BY7QYJ50
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	64,365 options with an exercise price of 1p
d)	Aggregated information -  Aggregated volume -  Price	n/a
e)	Date of the transaction	29 June 2020
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Wilkinson
2	Reason for the notification
a)	Position / status	CFO
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 LTIP over ordinary shares of 1p each
	Identification Code	GB00BY7QYJ50
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	61,024 options with an exercise price of 1p
d)	Aggregated information -  Aggregated volume -  Price	n/a
e)	Date of the transaction	29 June 2020
f)	Place of the transaction	London

For further information, please contact:

Draper Esprit plc Martin Davis (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer)	[phone]
Numis Securities Nominated Adviser & Joint Broker Simon Willis 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]

 

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