Grant of LTIP
Raspberry Pi Holdings plc announced the grant of Long-Term Incentive Plan (LTIP) awards totaling 712,119 ordinary shares to Persons Discharging Managerial Responsibilities (PDMRs) at a nominal exercise price of £0.0025 per share. These awards, valued at £955,000 for CEO Eben Upton and £743,000 each for Carol Copland and Mike Buffham, are based on a 90-day average share price of £3.426 and are subject to continued employment and performance conditions through December 31, 2028, with expected vesting on April 14, 2029.
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Raspberry Pi (LSE: RPI), a leader in high-performance, low-cost computing, announces the grant of awards to PDMRs under the Company's Long-Term Incentive Plan (the "LTIP") as detailed below.
Awards over a total of 712,119 ordinary shares in the company have been granted to PDMRs as set out below. These are in the form of options over shares with a nominal value exercise price of £0.0025 per share (the "LTIP Awards").
The vesting of the LTIP Awards is subject to continued employment and the satisfaction of performance conditions assessed over the three financial years ending 31 December 2028.
The LTIP Awards are expected to vest on 14 April 2029. The LTIP Award granted to Eben Upton (CEO) is subject to a two-year holding period after vesting, following the expiration of which they may be exercised. The LTIP Awards granted to other participants may be exercised from the point of vesting.
Share awards to the CEO (Eben Upton) and the other members of senior management are significantly within our dilution limits headroom. For the executive directors they are also in line with our proposed remuneration policy. Awards have been calculated using a 90-calendar day average share price of £3.426 and have a value of £955k for the CEO and £743k each for the two other PDMRs.
| PDMR | Number of ordinary shares subject to LTIP Award |
|---|---|
| Eben Upton - Chief Executive Officer | 278,655 |
| Carol Copland - General Counsel and Company Secretary | 216,732 |
| Mike Buffham - Chief Commercial Officer | 216,732 |
Announcement authorised for release by Carol Copland, Company Secretary.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Eben Upton |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Raspberry Pi Holdings plc |
| b) | LEI | 984500F5FB0E4FEBED17 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.0025 each ISIN: GB00BS3DYQ52 |
| b) | Nature of the transaction | Grant of LTIP award |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 278,655 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 14 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Carol Copland |
| 2 | Reason for the notification | |
| a) | Position/status | General Counsel and Company Secretary |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Raspberry Pi Holdings plc |
| b) | LEI | 984500F5FB0E4FEBED17 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.0025 each ISIN: GB00BS3DYQ52 |
| b) | Nature of the transaction | Grant of LTIP award |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 216,732 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 14 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mike Buffham |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Commercial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Raspberry Pi Holdings plc |
| b) | LEI | 984500F5FB0E4FEBED17 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.0025 each ISIN: GB00BS3DYQ52 |
| b) | Nature of the transaction | Grant of LTIP award |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 216,732 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 14 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
For more information, please contact: Raspberry Pi Holdings plc Eben Upton, CEO, Richard Boult, CFO Alma Strategic Communications Andy Bryant - IR investors@raspberrypi.com Alma Strategic Communications T: +44 (0)203 405 0205 Josh Royston, Caroline Forde, Hannah Campbell raspberrypi@almastrategic.com Notes to Editor Headquartered in Cambridge, UK, Raspberry Pi's mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of enthusiasts and engineers all over the world. Raspberry Pi is a full-stack engineering organisation, with research and development capabilities spanning the entire value chain, from semiconductor IP development, through semiconductor and electronic product design to software engineering and regulatory compliance. The high performance, low cost, and physical robustness of Raspberry Pi products make them suitable for a wide range of applications, across three distinct markets: Industrial and Embedded, Enthusiast and Education and Semiconductors. To date, over 73 million units have been sold.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.