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)

+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Simon Willis

Richard Thomas

Jamie Loughborough

+44 (0)20 7260 1000

Goodbody Stockbrokers

Euronext Growth Adviser & Joint Broker

Don Harrington

Charlotte Craigie

Dearbhla Gallagher

+44 (0) 20 3128 8570

Powerscourt

Public relations

Elly Williamson

Jane Glover

+44 (0)7970 246 725 /

+44 (0)7961 628 862

 

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