Director/PDMR Shareholding

RNS Number : 1828H

Draper Esprit PLC

01 December 2020

 

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

Dealings by Persons Discharging Managerial Responsibility ("PDMR")

Draper Esprit PLC (AIM: GROW, ESM: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, announces that Ben Wilkinson, Chief Financial Officer, made the following notification relating to the exercise of options over 349,296 ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"). The notification set out below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such dealing.

Following this transaction, Mr. Wilkinson retains 8,475 Ordinary Shares and options over 417,558 Ordinary Shares.

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 (Director and PDMR)
b)	Initial notification / amendment	Initial
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; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each. ISIN: GB00BY7QYJ50
b)	Nature of the transaction	The trustee of the Draper Esprit plc Employee Benefit Trust has agreed to transfer 8,450 Ordinary Shares to the PDMR following the exercise of options by the PDMR under the Draper Esprit plc Company Share Option Plan, following which the PDMR has agreed to sell such shares. Surrender of 340,846 options granted under the Draper Esprit plc Company Share Option Plan in exchange for a payment by Draper Esprit plc of £956,425.26 to the PDMR. The market price per Ordinary Share upon which these transactions have been calculated was £6.52, being the volume weighted average price of an Ordinary Share on 30 November 2020.
c)	Price(s) and volume(s)	Transfer and sale: 8,450 Ordinary Shares with an exercise price of £3.55 per Ordinary Share and sale price of £6.52 per Ordinary Share. Surrender: 166,198 Ordinary Shares with an exercise price of £3.55 per Ordinary Share and 174,648 Ordinary Shares with an exercise price of £3.87 per Ordinary Share, in exchange for an aggregate payment of £956,425.26 Draper Esprit plc to the PDMR.
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction.
e)	Date of the transaction	1 December 2020.
f)	Place of the transaction	Transfer and sale - London Stock Exchange. Surrender - outside a trading venue.

Enquiries

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 Donjeta Miftari	[phone] / [phone]

 

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