Ilika plc
("Ilika" or the "Company")
Award of Share Options
Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that on 28 February 2023 it granted options to Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI scheme.
LTIP
Ilika awarded nominal value options under the LTIP over 416,954 ordinary shares of 1p each in the Company ("Ordinary Shares") to an Executive Director and options over a further 2,800 Ordinary Shares to employees. Each award vests on the achievement of certain performance targets over a three-year period.
EMI option scheme
Ilika granted market value options over 802,248 ordinary shares of 1p each in the Company ("Ordinary Shares") to an Executive Director and employees under the Company EMI option scheme. EMI options vest on the achievement of certain performance targets over a three-year period.
The awards are intended to align the incentives of the Executive Directors and other senior employees with the Company's performance and outcomes for shareholders over the long term and to provide effective and attractive levels of reward, based on delivering strong performance in a fair and proportionate manner.
In total, options over 1,222,002 Ordinary Shares have been granted representing 0.77% of issued share capital.
Details of grants issued under the LTIP and EMI option scheme by each Executive Director are set out in the table below, together with the total number of Ordinary Shares each Executive Director holds under option and is interested in.
| Director | Number of options granted | Scheme under which options granted | Total number of Options now held | Per cent. of issued share capital |
| Graeme Purdy | 416,954 | LTIP | 2,779,067 | 1.76 |
| Jason Stewart | 300,000 | EMI | 300,000 | 0.19 |
| For more information contact: | | |
| Ilika plc | ||
| Graeme Purdy, Chief Executive | Via Walbrook PR | |
| Jason Stewart, Chief Financial Officer | | |
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| Liberum Capital Limited (Nomad and Joint Broker) | Tel: 020 3100 2000 | |
| Andrew Godber, | | |
| William Hall, Nikhil Varghese | | |
| | | |
| | | |
| Joh. Berenberg, Gossler & Co. KG (Joint Broker) | Tel: 020 3207 8700 | |
| Matthew Armitt, Mark Whitmore, Detlir Elezi, | | |
| Mara Grasso | | |
| | | |
| | | |
| Walbrook PR Ltd | Tel: 020 7933 8780 / Ilika@walbrookpr.com | |
| Lianne Applegarth | Mob: 07584 391 303 | |
| Nick Rome | Mob: 07748 325 236 | |
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Graeme Purdy
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Executive Officer | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Ilika plc
| |||
| b)
| LEI
| 213800TMDNIE3Z8XXD26
| |||
| 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 | Ordinary shares of 1 pence each | |||
| | | ||||
| Identification code | GB00B608Z994 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of share options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1p | 416,954 | | |
| | | | | | |
| d)
| Aggregated information | Not Applicable - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28 February 2023 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Jason Stewart
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| 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
| Ilika plc
| |||
| b)
| LEI
| 213800TMDNIE3Z8XXD26
| |||
| 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 | Ordinary shares of 1 pence each | |||
| | | ||||
| Identification code | GB00B608Z994 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of share options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1p | 300,000 | | |
| | | | | | |
| d)
| Aggregated information | Not Applicable - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28 February 2023 | |||
| f)
| Place of the transaction
| Off market | |||
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