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Trackwise Designs (TWD)

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Thursday 25 June, 2020

Trackwise Designs

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  

+44 (0)1684 299 930

Philip Johnston, CEO 

www.trackwise.co.uk

Mark Hodgkins, CFO 




finnCap Ltd

+44 (0)20 7220 0500

NOMAD and Broker


Ed Frisby / Matthew Radley - Corporate Finance 

Andrew Burdis / Manasa Patil - ECM




Alma PR

+44 (0)20 3405 0205

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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