Result of AGM & Award of Executive Share Options
Ilika plc announced that all resolutions were passed at its Annual General Meeting, including the adoption of audited accounts and the re-election of directors, with strong support for all proposals. The company also granted options over 153,045 ordinary shares at an exercise price of 1p each to Executive Directors, representing 0.1% of the issued share capital, as part of its deferred bonus scheme. Specifically, CEO Graeme Purdy received options for 112,838 shares, and CFO Jason Stewart received options for 40,207 shares, with these options vesting after one year subject to continued employment.
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Ilika (AIM: IKA), the UK pioneer in solid-state battery technology, announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
The results of the proxy voting for the AGM are set out below:
| Resolution | Total votes For | % of votes cast | Total votes Against | % of votes cast | Votes Withheld |
|---|---|---|---|---|---|
| To receive and adopt the audited accounts of the Company for the financial year ended 30 April 2026, together with the Directors’ and Auditor’s Reports in respect of such accounts | 67,287,347 | 99.92 | 54,358 | 0.08 | 118,202 |
| To adopt by means of an advisory vote, the Directors’ Remuneration Report for the financial year ended 30 April 2026, as set out in the Company’s Annual Report and Accounts | 67,120,094 | 99.74 | 176,715 | 0.26 | 162,098 |
| To re-elect Keith Jackson a director of the Company. | 65,689,622 | 97.61 | 1,605,422 | 2.39 | 164,863 |
| To re-elect Jeremy Millard a director of the Company. | 66,063,477 | 98.17 | 1,232,973 | 1.83 | 163,457 |
| To re-elect Monika Biddulph a director of the Company | 66,020,199 | 98.11 | 1,275,197 | 1.89 | 164,511 |
| To re-elect Graeme Purdy a director of the Company | 65,949,471 | 97.99 | 1,355,472 | 2.01 | 154,964 |
| To re-elect Jason Stewart a director of the Company | 66,084,068 | 98.20 | 1,211,328 | 1.80 | 164,511 |
| To re-appoint BDO LLP as auditors to the Company, to hold office until the conclusion of the next general meeting at which accounts are laid before the Company, and to authorise the directors to determine their remuneration | 67,147,940 | 99.76 | 160,285 | 0.24 | 151,682 |
| Allotment of shares | 66,126,046 | 98.22 | 1,197,099 | 1.78 | 136,762 |
| Special resolution: Allotment of equity securities | 64,149,450 | 95.46 | 3,050,625 | 4.54 | 259,832 |
Grant of Options
The Company also announces that on 22 September 2026, it granted options over 153,045 ordinary shares with an exercise price of 1p each in the Company ("Ordinary Shares") to Executive Directors under the Company's deferred Bonus Scheme in lieu of a cash payment.
The options granted represent in aggregate 0.1% per cent of the Company's existing issued ordinary share capital.
The options were awarded as part of the Company's Bonus Scheme, where 50% is payable as cash and 50% is deferred into options for one year, subject to continued employment.
| Director / PDMR | Number of options granted | Total number of Options held post grant | Percent of current issued share capital (%) |
|---|---|---|---|
| Graeme Purdy | 112,838 | 4,293,564 | 2.2% |
| Jason Stewart | 40,207 | 1,715,301 | 0.7% |
Graeme Purdy, CEO, holds 935,524 Ordinary Shares representing 0.5% of current issued share capital. Jason Stewart, CFO, holds 13,202 Ordinary Shares representing 0.01% of current issued share capital.
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Ilika is a global expert in the development of solid state battery technology for electric vehicles, defence applications, medical devices and consumer appliances. The Company's pioneering next-generation technologies aim to provide scalable, affordable alternatives to conventional batteries, to industries which need to incorporate a smaller, lighter, and safer power source in their products.
The Company has two product lines. Its Stereax batteries are designed for powering miniature medical implants, industrial wireless sensors and Internet of Things (IoT) applications and the Goliath large format batteries designed for EV cars, defence deployment environments and cordless appliances.
| 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 share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 112,838 | |
| d) | Aggregated information | Not Applicable – Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 22 September 2026 |
| 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 share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1p | 40,207 | |
| d) | Aggregated information | Not Applicable - Single Transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 22 September 2026 |
| f) | Place of the transaction | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.