08:44 Thu 27 Aug 2020
Tekcapital plc - Grant of Stock Options
("
Grant of Stock Options
For continued dedication, strong performances and commitment to the Company and as a means of incentivisation,
These Options will have an exercise price of 12p which is at a 26% or 2.5p premium on the 9.5p closing mid-market price on
A total of 4,250,000 of the awarded options to the management team are as set out below:
Executive |
No. of options granted |
Existing no. of options |
|
Option Type |
Total no. of options over Ordinary Shares |
Total Options as a percentage of the Company's issued share capital |
Dr |
3,000,000 |
0 |
|
Non-EMI |
3,000,000 |
3.42% |
Mr. |
1,000,000 |
250,000 |
|
Non-EMI |
1,250,000 |
1.42% |
Mr. |
250,000 |
1,175,000 |
|
Non-EMI |
1,425,000 |
1.62% |
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 8,425,000 Ordinary Shares representing 9.60% 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)
|
|
Dr |
||||||||||||
2
|
Reason for the notification |
|||||||||||||
a)
|
Position/status
|
See 1 a) above |
||||||||||||
b)
|
Initial notification / Amendment
|
Initial notification |
||||||||||||
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||
a)
|
|
|
||||||||||||
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
|
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)
|
|
||||||||||||
d)
|
Aggregated information - Aggregated volume - Price
|
|
||||||||||||
e)
|
Date of the transaction
|
|
||||||||||||
f)
|
Place of the transaction
|
Outside a trading venue |
About
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
|
|
Via Flagstaff |
|
|
|
|
|
|
|
|
+44 (0) 20 3470 0470 |
|
|
|
|
|
|
|
|
|
|
|
+44 (0) 20 7129 1474 |
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE