Share Name Share Symbol Market Type Share ISIN Share Description
Tekcapital Plc LSE:TEK London Ordinary Share GB00BKXGY798 ORD �0.004
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 1.73% 23.50 23.00 24.00 23.75 22.50 23.75 2,854,649 16:11:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 5.4 3.6 8.1 3.2 31

Tekcapital plc Grant of Share Options

15/06/2021 7:00am

UK Regulatory (RNS & others)

Tekcapital (LSE:TEK)
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RNS Number : 8609B

Tekcapital plc

15 June 2021

15 June 2021

Tekcapital Plc

("Tekcapital", the "Company" or "the Group")

Grant of Share Options

Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating valuable products from investing in university technologies that can improve the quality of life, announces the grant of 1,200,000 share options over the Company's ordinary shares ("Share Options") to certain employees and independent non-executive directors.

The Share Options will have an exercise price of 19 p which is a 26% premium on the 15 p closing price on 14 June 2021. The Share Options vest in three equal annual installments from the date of grant and cannot be exercised until 36 months from the date of grant. In addition, for Mr. Max Inglis and Mr. Konrad Dabrowski are subject to performance criteria (the criteria requiring a growth in NAV of the Company at a minimum of 8% per annum) as agreed by the Remuneration Committee. If not exercised the Share Options will lapse 5 years after the date of grant.

 Executive                 No. of          Existing  Option Type       Total no. of           Total Options 
                          options    no. of options                    options over         as a percentage 
                          granted                                   Ordinary Shares        of the Company's 
                                                                                       issued share capital 
 Dr. Robert Miller        200,000           200,000      Non-EMI            400,000                   0.31% 
 Lord David Willetts      100,000           100,000      Non-EMI            200,000                   0.15% 
 Mr. Max Inglis           200,000         1,250,000      Non-EMI          1,450,000                   1.10% 
 Mr. Konrad Dabrowski     700,000         1,425,000      Non-EMI          2,125,000                   1.62% 
                        ---------  ----------------  -----------  -----------------  ---------------------- 
    A total of 1,200,000   of the awarded Share Options are as set out below: 

Following the issue of the new Share Options, the total number of Ordinary Shares under option is 9,645,000 Ordinary Shares representing 7.37% 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)   Name                        Lord David Willetts (Independent Non-Executive 
                                   Robert Miller (Independent Non-Executive 
                                   Max Inglis (General Counsel) 
                                   Konrad Dabrowski (CFO) 
     --------------------------  ----------------------------------------------- 
 2    Reason for the notification 
 a)   Position/status             See 1 a) above 
     --------------------------  ----------------------------------------------- 
 b)   Initial notification        Initial notification 
     --------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                        TEKCAPITAL PLC 
     --------------------------  ----------------------------------------------- 
 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 
 a)   Description of the          Options over Ordinary Shares of 0.4p each 
       financial instrument, 
       type of 
       Identification code         ISIN: GB00BKXGY798 
     --------------------------  ----------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)       Director/PDMR          Price(s)   Volume(s) 
                                    Lord David Willetts         19p     100,000 
                                                          ---------  ---------- 
                                    Robert Miller               19p     200,000 
                                                          ---------  ---------- 
                                    Max Inglis                  19p     200,000 
                                                          ---------  ---------- 
                                    Konrad Dabrowski            19p     700,000 
                                                          ---------  ---------- 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information        Price(s)         Volume(s) 
       - Aggregated volume           19p per share    1,200,000 
       - Price                                       ---------- 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     14 June 2021 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------------- 

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com


For further information, please contact:

Tekcapital Plc                                     Via Flagstaff 
Clifford M. Gross, Ph.D. 
SP Angel Corporate Finance LLP (Nominated 
 Adviser and Broker)                               +44 (0) 20 3470 0470 
Richard Morrison/Charlie Bouverat (Corporate 
Abigail Wayne (Corporate Broking) 
Flagstaff Strategic and Investor Communications    +44 (0) 20 7129 1474 
Tim Thompson/Andrea Seymour/Fergus Mellon 

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June 15, 2021 02:00 ET (06:00 GMT)

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