Made Tech Group PLC Grant of LTIP Awards (1513H)

TIDMMTEC

RNS Number : 1513H

Made Tech Group PLC

25 July 2023

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                                                 via Belvedere PR 
 Rory MacDonald, CEO 
 Deborah Lovegrove, CFO 
Singer Capital Markets (Nominated Adviser & Broker)            Tel: [phone] 
 Jennifer Boorer / Harry Gooden / Asha Chotai 
Belvedere Communications (Financial PR)              Email: [e-mail] 
 Cat Valentine                                                  Tel: [phone] 
 Keeley Clarke                                                  Tel: [phone] 
 

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     LTIP awards over ordinary shares in 
     instrument, type of instrument   the Company 
 
    Identification code              GB00BLGYDT21 
 
b)  Nature of the transaction        Grant of LTIP awards 
    -------------------------------  ------------------------------------- 
c)  Price(s) and volume(s)            PDMR              Volume   Price 
                                       Debbie Lovegrove  470,588  Nil 
                                                         -------  ----- 
                                       Debbie Lovegrove  733,945  Nil 
                                                         -------  ----- 
    -------------------------------  ------------------------------------- 
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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July 25, 2023 09:43 ET (13:43 GMT)