Grant of Options

RNS Number : 2958X

Trackwise Designs PLC

26 August 2022

 

TRACKWISE DESIGNS PLC

("Trackwise" or the "Company")

Grant of Options

Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces that on 25 August 2022, 508,334 options over the Company's ordinary shares of 4 pence each ("Ordinary Shares") ("Options") were granted to certain PDMRs and in addition 859,000 Options were approved for granting shortly to non-PDMR employees.

The Options have an exercise price of 45.0 pence per Ordinary Share and vest on the later of 31 August 2025 and the achievement of certain performance conditions. The performance conditions of the Options for PDMRs are linked to the Company's future pre-tax profits and share price performance while the performance condition for all other employees is linked to the Company's future pre-tax profits. The Options are subject to claw back and malus provisions.

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

Name	Options granted & total options now held
Paul Cook, CFO	275,000

Enquiries:

Trackwise Designs plc	[phone]
Philip Johnston, CEO	www.trackwise.co.uk
Paul Cook, CFO
finnCap Ltd	[phone]
NOMAD and Broker
Ed Frisby / Tim Harper - Corporate Finance
Andrew Burdis / Barney Hayward - ECM
Alma PR	[phone]
Financial PR and IR
David Ison / Caroline Forde / Kieran Breheny / Pippa Crabtree

Notes to Editors

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

The full suite includes: Improved Harness Technology™ ("IHT") and Advanced PCBs - Microwave and Radio Frequency ("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 operates from three sites, located in Tewkesbury, Stonehouse and Stevenage. It serves customers in Europe and North America.

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	Steve Hudson
2	Reason for the notification
a)	Position/status	COO
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: 45 pence Volume: 233,334
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	25 August 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Cook
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: 45 pence Volume: 275,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	25 August 2022
f)	Place of the transaction	Outside a trading venue

 

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