25 July 2023
MADE TECH GROUP PLC
("Made Tech", the "Company" or the "Group")
Grant of LTIP Awards
PDMR Dealings
Made Tech, a leading provider of digital, data and technology services to the UK public sector, announces that on 25 July 2023 the following awards over Ordinary Shares in the Company were granted under the Made Tech Group plc Long Term Incentive Plan (the "LTIP"):
| Director / PDMR | Role | Award | No. of Ordinary Shares under Award |
| Debbie Lovegrove | Director | FY23 LTIP Award | 470,588 |
| Debbie Lovegrove | Director | FY24 LTIP Award | 733,945 |
The FY23 LTIP Award is in respect of the financial year ended 31 May 2023 and the FY24 LTIP Award in respect of the current financial year.
The awards were granted as nil cost options and will ordinarily vest on the third anniversary of their grant subject to the grantee's continued service and the extent to which the awards' respective performance conditions are satisfied.
The performance conditions set sliding scale targets in respect of Share Price, Adjusted Earnings Per Share and employee Net Promoter Score for measurement periods comprising respective three financial years of the Company.
On the same date, the Company granted awards under the LTIP to other senior employees over a total of 3,774,674 Ordinary Shares.
Following the above grants under the LTIP, the Company has options outstanding over 9,289,312 Ordinary Shares, equivalent to 6.22% per cent. of the Company's current issued share capital.
Enquiries:
| Made Tech Group plc Rory MacDonald, CEO Deborah Lovegrove, CFO
| via Belvedere PR |
| Singer Capital Markets (Nominated Adviser & Broker) Jennifer Boorer / Harry Gooden / Asha Chotai
| Tel: +44 20 7496 3000
|
| Belvedere Communications (Financial PR) Cat Valentine Keeley Clarke | Email: madetech@belvederepr.com Tel: +44 7715 769078 Tel: +44 7967 816525 |
About Made Tech
Made Tech is a provider of digital, data and technology services to the UK public sector. Founded in 2008 and now with a headcount of over 430 and offices in four UK locations (London, Manchester, Bristol and Swansea), Made Tech provides services that enable central government, healthcare and local government organisations to digitally transform.
Made Tech's purpose is to "positively impact the future of society by improving public sector technology". To achieve this the company has four key strategic missions: Modernise legacy technology and working practices; Accelerate digital service and technology delivery; Drive better decisions through data and automation; and Enable technology and delivery skills to build better systems.
https://investors.madetech.com/
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
| Debbie Lovegrove | |||||||||
| 2
| Reason for the notification | ||||||||||
| a)
| Position/status | Director - PDMR
| |||||||||
| b)
| Initial notification /Amendment | Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
| a)
| Name | Made Tech Group plc | |||||||||
| b)
| LEI
| 213800FQR678FTPNVW08 | |||||||||
| 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 | LTIP awards over ordinary shares in the Company | |||||||||
| | | | |||||||||
| Identification code | GB00BLGYDT21 | ||||||||||
| | | ||||||||||
| b)
| Nature of the transaction
| Grant of LTIP awards
| |||||||||
| c)
| Price(s) and volume(s) |
| |||||||||
| d)
| Aggregated information | Aggregate number of Ordinary Shares under LTIP awards granted: 1,204,533 Aggregate price: Nil | |||||||||
| e)
| Date of the transaction | 25 July 2023 | |||||||||
| f)
| Place of the transaction | Outside of a trading venue | |||||||||
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