Launch of 2024 SAYE Scheme & Grant of SAYE options
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Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce that it has launched its first Save As You Earn ("SAYE") share scheme for all employees, under which employees were offered the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 0.05 pence each ("Ordinary Shares") with an exercise price of 16.7 pence, being the average closing middle market price of the Company's Ordinary Shares in the five business days ended 30 October 2024, the trading day before the invitation to participate was made. The options have a contract start date of 1 January 2025 and are exercisable from 1 January 2028.
A total of 122 employees elected to participate in this scheme, and, pursuant to these elections, a total of 1,258,455 options over Ordinary Shares were granted, equating to 0.84 per cent. of the total issued share capital of the Company, as at 25 November 2024.
The following Persons Discharging Managerial Responsibilities ("PDMRs") of the Company elected to participate in the SAYE scheme:
| PDMR | Options granted over Ordinary Shares under 2024 SAYE scheme | |
| Neil Elton | 12,218 | |
| Wayne Searle | 12,218 | |
| a) | Name | 1. Neil Elton 2. Wayne Searle |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Neil Elton - Chief Financial Officer 2. Wayne Searle - Chief People Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Made Tech Group plc |
| b) | LEI | 213800FQR678FTPNVW08 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.05p each |
| Identification code | GB00BLGYDT21 | |
| b) | Nature of the transaction | Grant of options under 2024 SAYE Scheme |
| c) | Price(s) and volume(s) | Price Volume Neil Elton 16.7 pence 12,218 Wayne Searle 16.7 pence 21,218 |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 25 November 2024 |
| f) | Place of the transaction | Off market |
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