Grant of Share Options

RNS Number : 1317P

Tekcapital plc

16 June 2022

 

16 June 2022

Tekcapital Plc

("Tekcapital", the "Company" or "the Group")

Grant of Share Options

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group focused on creating valuable products from investing in university technologies that can improve quality of life, announces the grant of 1,750,000 share options over new ordinary shares of 0.4 pence each in the Company ("Share Options") to certain employees as detailed below.

The Share Options will have an exercise price of 32 p which is a 9.25 p premium on the 22.75 p closing mid-market price on 15 June 2022. The Share Options vest in three equal annual instalments from the date of grant and cannot be exercised until 36 months from the date of grant. The Share Options are subject to performance criteria (the criteria requiring a growth in NAV of the Company at a minimum of 8% per annum) as agreed by the Remuneration Committee. If not exercised the Share Options will lapse 5 years after the date of grant.

Executive	No. of options granted	Existing no. of options		Option Type	Total no. of options over Ordinary Shares	Total Options held as a percentage of the Company's issued share capital
Mr. Max Inglis	700,000	1,300,000		Non-EMI	2,000,000	1.34%
Mr. Konrad Dabrowski	1,050,000	2,125,000		Non-EMI	3,175,000	2.12%

 A total of 1,750,000 of the awarded Share Options are as set out below:

Following the issue of the new Share Options, the total number of Ordinary Shares under option is 10,250,000 Ordinary Shares representing 6.85% of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.  Max Inglis (General Counsel) 2.  Konrad Dabrowski (CFO)
2	Reason for the notification
a)	Position/status	1.  General Counsel 2.  Chief Financial Officer
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TEKCAPITAL PLC
b)	LEI	213800GOJTOV19FIFZ85
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	Options over Ordinary Shares of 0.4p each ISIN: GB00BKXGY798
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Director/PDMR  Price(s) Volume(s) Max Inglis 32p 700,000 Konrad Dabrowski  32p 1,050,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) 32p per share 1,750,000
e)	Date of the transaction	15 June 2022
f)	Place of the transaction	Outside a trading venue

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

Tekcapital Plc		Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated Adviser and Broker)		[phone]
Richard Morrison / Charlie Bouverat (Corporate Finance)
Abigail Wayne / Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications		[phone]
Tim Thompson / Andrea Seymour / Fergus Mellon

 

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