Award of Share Options, Exercise of Options & TVR
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Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that on 14 December 2023 it granted options to Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI employee option scheme.
LTIP
Ilika awarded nominal value options under the LTIP over 633,673 ordinary shares of 1p each in the Company ("Ordinary Shares") to two Executive Directors and options over a further 20,000 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 2,090,950 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 2,744,623 Ordinary Shares have been granted representing 1.7% 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 LTIP options granted | Number of EMI options granted | Total number of Options now held | Per cent. of issued share capital |
|---|---|---|---|---|
| Graeme Purdy | 492,764 | - | 2,796,822 | 1.76% |
| Jason Stewart | 140,909 | 213,636 | 670,344 | 0.42% |
Exercise of Options and Total Voting Rights
Ilika also announces that following the vesting of options under the Company's EMI share option schemes, 75,000 options with an exercise price of 25.5p, have been converted into ordinary shares of one penny each in the Company ("Ordinary Shares"). Accordingly, the Company has applied to the London Stock Exchange for 75,000 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 15 December 2023.
The options represent in aggregate 0.05 per cent of the Company's issued share capital.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 158,975,667 ordinary shares of one penny each and that number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Graeme Purdy |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of LTIP share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 492,764 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jason Stewart |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of LTIP share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 140,909 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jason Stewart |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of EMI share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 44p | 213,636 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Louise Turner |
| 2 | Reason for the notification | |
| a) | Position/status | VP Product Development |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of EMI share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 44p | 55,000 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | John Tinson |
| 2 | Reason for the notification | |
| a) | Position/status | VP Sales |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of EMI share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 44p | 30,000 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Robin Bell |
| 2 | Reason for the notification | |
| a) | Position/status | NPI Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of EMI share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 44p | 20,000 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mandy Petitt |
| 2 | Reason for the notification | |
| a) | Position/status | Financial Controller |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Ilika plc |
| b) | LEI | 213800TMDNIE3Z8XXD26 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each |
| Identification code | GB00B608Z994 | |
| b) | Nature of the transaction | Grant of EMI share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 44p | 50,000 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 14 December 2023 |
| f) | Place of the transaction | Off market |
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