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
  0.00 0.0% 5.625 5.25 6.00 5.625 5.625 5.625 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 5.4 3.6 8.1 0.7 4

Tekcapital plc Share Options

16/09/2019 9:07am

UK Regulatory (RNS & others)


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Tekcapital plc

16 September 2019

Tekcapital Plc

("Tekcapital" or the "Company")

Grant of Share Options

Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, announces that on 13 September 2019 it awarded a total of 2,850,000 options over ordinary shares of 0.4 pence each in the Company ('Ordinary Shares'). A total of 100,000 options have been granted under the Company's Enterprise Management Incentive Scheme ("EMI Scheme") and 2,750,000 non qualifying options have been awarded to certain directors and consultants of the Company (the Non-qualifying Options together with the EMI Options, being the "Options").

These Options will have an exercise price of 7.83 pence, being the closing mid-market price on 30 August 2019, and they 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, these Options will vest when the Company as a whole achieves success in some readily measurable way.

A total of 300,000 Options have been awarded to the following directors:

 
  Director     No. of   Existing   Option         Total no. of        Total Options as 
              options     no. of     Type         options over         a percentage of 
              granted    options               Ordinary Shares    the Company's issued 
                                             ('Total Options')           share capital 
 
 Robert 
  Miller      100,000    220,000  Non-EMI              320,000                  0.502% 
            ---------  ---------  -------  -------------------  ---------------------- 
 Bill 
  Payne       100,000    220,000  Non-EMI              320,000                  0.502% 
            ---------  ---------  -------  -------------------  ---------------------- 
 Malcom 
  Groat       100,000    100,000  Non-EMI              200,000                  0.314% 
            ---------  ---------  -------  -------------------  ---------------------- 
 

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 5,468,333 Ordinary Shares representing 8.58% 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                        Robert Miller 
                                   Bill Payne 
                                   Malcom Groat 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             See 1 a) above 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       / 
       Amendment 
     --------------------------  ------------------------------------------ 
 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 
       conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of 0.4p each 
       financial instrument, 
       type of 
       instrument 
                                   ISIN: GB00BKXGY798 
       Identification code 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)       Director/PDMR      Price(s)   Volume(s) 
                                                      7.83p per 
                                    Robert Miller         share     100,000 
                                                    -----------  ---------- 
                                                      7.83p per 
                                    Bill Payne            share     100,000 
                                                    -----------  ---------- 
                                                      7.83p per 
                                    Malcom Groat          share     100,000 
                                                    -----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information        Price(s)           Volume(s) 
       - Aggregated volume           7.83p per share      300,000 
       - Price                                         ---------- 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     30 August 2019 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------ 
 

For further information, please contact:

 
Tekcapital Plc                              Via Yellow Jersey PR 
Clifford M. Gross, Ph.D. 
 
finnCap Ltd (Nominated Adviser and Joint 
 Broker)                                    +44 (0) 20 7220 0500 
Geoff Nash/ Max Bullen-Smith (Corporate 
 Finance) 
Camille Gochez (ECM) 
Novum Securities Limited (Joint Broker)     +44 (0) 20 7399 9427 
Colin Rowbury (Corporate Broking) 
 
Yellow Jersey Limited                       +44 (0) 20 3004 9512 
Sarah Hollins/ Annabel Atkins               tekcapital@yellowjerseypr.com 
 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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