Director/PDMR Shareholding
Satsuma Technology PLC has announced transactions by persons discharging managerial responsibilities, with CEO Henry Elder receiving options for 560,195,010 Ordinary Shares at exercise prices of £0.01 and £0.02, vesting over four years, and CFO Andrew Smith receiving options for 168,058,503 Ordinary Shares under similar terms. Additionally, Henry Elder was allotted and issued 50,000,000 Ordinary Shares following the conversion of loan notes, at a price of £0.002 per share.
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Satsuma Technology PLC (LSE: SATS) announces that the Company has granted options to each of Henry Elder and Andrew Smith, in accordance with the terms of the Satsuma Technology PLC (Employees) Share Option Plan, to subscribe for 560,195,010 Ordinary Shares and 168,058,503 new Ordinary Shares respectively, vesting equally over 4 years, at an exercise price of (i) £0.01 per Ordinary Share for those options vesting on the first and second anniversary from the date of the grant, and (ii) £0.02 per Ordinary Share for those options vesting on the third and fourth anniversary from the date of the grant.
In addition, further to the conversion of the loan notes as announced on 17 December 2025, the Company has allotted and issued 50,000,000 Ordinary Shares to Henry Elder on 18 December 2025.
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities under UK MAR
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Henry Elder | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR - CEO | ||||
| b) | Initial notification /Amendment | Initial | ||||
| a) | Name | Satsuma Technologies PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.001 each GB00BMFCRZ80 | ||||
| b) | Nature of the transaction | Grant of options to subscribe for Ordinary Shares | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 560,195,010 | ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 14 December 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Henry Elder | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR - CEO | ||||
| b) | Initial notification /Amendment | Initial | ||||
| a) | Name | Satsuma Technologies PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.001 each GB00BMFCRZ80 | ||||
| b) | Nature of the transaction | Issue of new Ordinary Shares following conversion of the convertible loan notes | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 18 December 2025 | ||||
| f) | Place of the transaction | L ondon Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Andrew Smith | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR - CFO | ||||
| b) | Initial notification /Amendment | Initial | ||||
| a) | Name | Satsuma Technologies PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.001 each GB00BMFCRZ80 | ||||
| b) | Nature of the transaction | Grant of options to subscribe for Ordinary Shares | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 168,058,503 | ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 14 December 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| Satsuma Technology PLC Henry K. Elder, CEO Data Counsel Steffan Williams William Barker | +44 (0)20 3855 8888 satsuma@datacounsel.uk +44 (0)7767 345 563 +44 (0)7534 068 657 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.