Grant of Options and dealings by PDMRs

RNS Number : 7244F

Draper Esprit PLC

19 July 2021

 

Draper Esprit PLC

19 July 2021

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

Grant of Options and dealings by 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 320,944 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's new Long-Term Incentive Plan ("LTIP"), as set out below.

The Options awarded under the LTIP have a nominal value exercise of 1p price and are subject to LTIP performance conditions which, together with a summary of the LTIP, are set out in the Company's prospectus published earlier today, a copy of which is available at www.draperesprit.com .

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

PDMR	Options awarded*	Total Options	Ordinary Shares
Martin Davis	135,979	629,520	14,632
Stuart Chapman	93,468	984,037	1,046,306
Ben Wilkinson	91,497	509,055	12,225

* Options over 88,682 Ordinary Shares, 60,923 Ordinary Shares and 60,642 Ordinary Shares granted to Messrs Davis, Chapman and Wilkinson respectively will lapse if the existing Ordinary Shares are not admitted to the premium listing segment of the official list of the FCA, traded on the London Stock Exchange's main market for listed securities, admitted to a secondary listing on the official list of Irish Stock Exchange plc, trading as Euronext Dublin and to trading on the Euronext Dublin Market, by 16 July 2022.

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	Chief Executive Officer (and PDMR)
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)	135,979 options with an exercise price of one pence
d)	Aggregated information -  Aggregated volume -  Price	n/a
e)	Date of the transaction	16 July 2021
f)	Place of the transaction	Outside a trading venue

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 (and PDMR)
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)	93,468 options with an exercise price of one pence
d)	Aggregated information -  Aggregated volume -  Price	n/a
e)	Date of the transaction	16 July 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Wilkinson
2	Reason for the notification
a)	Position / status	Chief Financial Officer (and PDMR)
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)	91,497 options with an exercise price of one pence
d)	Aggregated information -  Aggregated volume -  Price	n/a
e)	Date of the transaction	16 July 2021
f)	Place of the transaction	Outside a trading venue

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 Elly Williamson Jane Glover	[phone] / [phone]

 

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