Grant of options and PDMR dealing

RNS Number : 0026R

Trackwise Designs PLC

25 June 2020

 

TRACKWISE DESIGNS PLC

("Trackwise" or the "Company")

Grant of options

PDMR dealing

Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces that on 24 June 2020, a total of 1,009,000 options ("Options") over the Company's ordinary shares of 4 pence each ("Ordinary Shares") were granted to certain employees including certain PDMRs.

The Options have an exercise price of 87.50 pence per Ordinary Share and vest on the later of 30 June 2022 and the achievement of certain performance conditions. The performance conditions of the Options are linked to the Company's future profits and share price performance. The Options are subject to claw back and malus provisions.

The award included the following options granted to a director of the Company:

Name	Options granted	Existing options	Total options now held
Mark Hodgkins (CFO)	290,000	78,690	368,690

Enquiries:

Trackwise Designs plc	[phone]
Philip Johnston, CEO	www.trackwise.co.uk
Mark Hodgkins, CFO
finnCap Ltd	[phone]
NOMAD and Broker
Ed Frisby / Matthew Radley - Corporate Finance  Andrew Burdis / Manasa Patil - ECM
Alma PR	[phone]
Financial PR and IR
Caroline Forde / Josh Royston / David Ison / Kieran Breheny

Note to editors

Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.

The full suite includes: Improved Harness Technology TM ("IHT"), Microwave and RF, Short Flex, Flex Rigid and Rigid Multilayer products.

IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.

The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe, North America, Asia, and Australia.

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Hodgkins
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 290,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Prosser
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 32,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Colin Hallam
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 4,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andy McGarry
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 32,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tim Gee
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 32,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bas Daljit
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 14,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Taylor
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 8,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Fairclough
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trackwise Designs plc
b)	LEI	549300KQIX5EWTJMFK75
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	Share options over ordinary shares of 4 pence each
	Identification code	GB00BFYT9999
b)	Nature of the transaction	Grant of options
c)	Price and volume	Price: 87.50 pence Volume: 10,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

 

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