Tekcapital plc Share Options (4218M)
September 16 2019 - 4:07AM
UK Regulatory
TIDMTEK
RNS Number : 4218M
Tekcapital plc
16 September 2019
Tekcapital Plc
("Tekcapital" or the "Company")
Grant of Share Options
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
investing in university technology, announces that on 13 September
2019 it awarded a total of 2,850,000 options over ordinary shares
of 0.4 pence each in the Company ('Ordinary Shares'). A total of
100,000 options have been granted under the Company's Enterprise
Management Incentive Scheme ("EMI Scheme") and 2,750,000 non
qualifying options have been awarded to certain directors and
consultants of the Company (the Non-qualifying Options together
with the EMI Options, being the "Options").
These Options will have an exercise price of 7.83 pence, being
the closing mid-market price on 30 August 2019, and they 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, these Options will vest when the Company as
a whole achieves success in some readily measurable way.
A total of 300,000 Options have been awarded to the following
directors:
Director No. of Existing Option Total no. of Total Options as
options no. of Type options over a percentage of
granted options Ordinary Shares the Company's issued
('Total Options') share capital
Robert
Miller 100,000 220,000 Non-EMI 320,000 0.502%
--------- --------- ------- ------------------- ----------------------
Bill
Payne 100,000 220,000 Non-EMI 320,000 0.502%
--------- --------- ------- ------------------- ----------------------
Malcom
Groat 100,000 100,000 Non-EMI 200,000 0.314%
--------- --------- ------- ------------------- ----------------------
Following the issue of the new Options, the total number of
Ordinary Shares under option which could be issued if the
performance criteria is met is 5,468,333 Ordinary Shares
representing 8.58% 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 Robert Miller
Bill Payne
Malcom Groat
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status See 1 a) above
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/
Amendment
-------------------------- ------------------------------------------
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 Ordinary Shares of 0.4p each
financial instrument,
type of
instrument
ISIN: GB00BKXGY798
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Director/PDMR Price(s) Volume(s)
7.83p per
Robert Miller share 100,000
----------- ----------
7.83p per
Bill Payne share 100,000
----------- ----------
7.83p per
Malcom Groat share 100,000
----------- ----------
-------------------------- ------------------------------------------
d) Aggregated information Price(s) Volume(s)
- Aggregated volume 7.83p per share 300,000
- Price ----------
-------------------------- ------------------------------------------
e) Date of the transaction 30 August 2019
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
For further information, please contact:
Tekcapital Plc Via Yellow Jersey PR
Clifford M. Gross, Ph.D.
finnCap Ltd (Nominated Adviser and Joint
Broker) +44 (0) 20 7220 0500
Geoff Nash/ Max Bullen-Smith (Corporate
Finance)
Camille Gochez (ECM)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Yellow Jersey Limited +44 (0) 20 3004 9512
Sarah Hollins/ Annabel Atkins tekcapital@yellowjerseypr.com
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in Oxford, in the UK. For more information,
please visit www.tekcapital.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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