Grant of LTIP Awards
Quantum Base Holdings PLC announced on December 11, 2025, the grant of Long Term Incentive Plan awards to key personnel, including the CEO, Co-Founder & Chief Science Officer, and CTO, totaling 1,309,522 ordinary shares with an exercise price of GBP 0.001 each. These performance share awards will vest from May 1, 2028, contingent on continued service and achieving total shareholder return targets between 100% and 200% over a three-year performance period, with the base TSR calculated from the IPO offer price of 23.1p. Additionally, 915,103 shares were awarded to fourteen other employees with service-based vesting.
Select text to share a quote on X · sign in to keep highlights & notes in your QUBE notes
Quantum Base (AIM: QUBE), the quantum science company focused on creating a new global standard in authentication, announces that on 11 December 2025, the following awards ("Awards") over ordinary shares of GBP 0.001 each in the Company ("Shares") were granted under the Quantum Base Holdings PLC Long Term Incentive Plan ("LTIP") to the following persons discharging managerial responsibilities:
| Participant | Position | Award Designation | Number of Shares under Award |
|---|---|---|---|
| Tom Taylor | Chief Executive Officer | Performance Share Award | 568,181 |
| Prof. Robert Young | Co-Founder & Chief Science Officer | Performance Share Award | 568,181 |
| David Howarth | Chief Technology Officer | Performance Share Award | 173,160 |
The Awards were granted as options with an associated option exercise price of GBP 0.001 per share.
The Awards will ordinary vest and become exercisable as from 1 May 2028, subject to the grantee's continued service and to the extent to which the Award's performance conditions are met.
As summarised in the table immediately below; such performance conditions set threshold to stretch targets in respect of the Company's total shareholder return ("TSR") over the period 1 May 2025 to 30 April 2028 (the "Performance Period"). No portion of the Awards shall performance vest unless the Company's TSR over the Performance Period reaches the threshold target, for which 25% of the Awards would performance vest, rising on a straight line basis to full performance vesting of the Awards for the Company's TSR over the Performance Period being equal to the stretch target or better.
| TSR over the Performance Period | % of the Awards that vests |
|---|---|
| Below 100% | Nil |
| 100% | 25% |
| Greater than 100% but less than 200% | Calculated on a straight line basis between 25% and 100% |
| 200% or above | 100% |
The base point for starting TSR shall be a share price of 23.1p (the Company's offer price at time of IPO earlier this year) and a one month averaging period looking back from the end of the Performance Period shall be used for the purposes of the end point calculation.
The LTIP was adopted by the Board of the Company on 1 December 2025 and includes best practice provisions including in respect of leaver terms and malus and clawback terms.
On the same day as the grant of the Awards noted above awards were also granted under the LTIP to 14 other employees in respect of a total of 915,103 Shares. Such awards have a tranched vesting profile and the vesting in respect of which is conditioned service based only.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Tom Taylor 2. Prof. Robert Young 3. David Howarth |
| 2 | Reason for Notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Co-Founder & Chief Science Officer 3. Chief Technology Officer |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Quantum Base Holdings PLC |
| b) | LEI | 9845002F5A9EY5AM4B40 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of GBP 0.001 GB00BTXYPJ53 |
| b) | Nature of the transaction | Grant of options over ordinary shares under the Quantum Base Holdings PLC Long Term Incentive Plan with an option exercise price of GBP 0.001 per share. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 568,181 2. Nil 568,181 3. Nil 173,160 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transactions Nil |
| e) | Date of the transaction | 11 December 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.