Ilika plc Award of Share Options (4146R)

TIDMIKA

RNS Number : 4146R

Ilika plc

01 March 2023

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       Scheme under    Total number     Per cent. 
                   options granted   which options    of Options       of issued 
                                        granted        now held      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                                                   www.ilika.com 
 Graeme Purdy, Chief Executive                             Via Walbrook PR 
 Jason Stewart, Chief Financial Officer 
 
 
 
 Liberum Capital Limited (Nomad                         Tel: [phone] 
  and Joint Broker) 
 Andrew Godber, 
 William Hall, Nikhil Varghese 
 
 
 Joh. Berenberg, Gossler & Co. KG                       Tel: [phone] 
  (Joint Broker) 
 Matthew Armitt, Mark Whitmore, Detlir 
  Elezi, 
 Mara Grasso 
 
 
 Walbrook PR Ltd                 Tel: [phone] / [e-mail] 
 Lianne Applegarth                                      Mob: [phone] 
 Nick Rome                                              Mob: [phone] 
 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Graeme Purdy 
      ---------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Executive Officer 
      ---------------------------------------  ----------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                                     Ilika plc 
      ---------------------------------------  ----------------------------------------- 
 b)    LEI                                      213800TMDNIE3Z8XXD26 
      ---------------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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 1 pence each 
        financial instrument, 
        type of instrument 
 
       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 
      ---------------------------------------  ----------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Jason Stewart 
      ---------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial Officer 
      ---------------------------------------  ----------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                                     Ilika plc 
      ---------------------------------------  ----------------------------------------- 
 b)    LEI                                      213800TMDNIE3Z8XXD26 
      ---------------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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 1 pence each 
        financial instrument, 
        type of instrument 
 
       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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March 01, 2023 02:00 ET (07:00 GMT)