Business
Grant of LTIP Awards
Grant of LTIP Awards.
About this update from Made Tech Group Plc
[{"type":"text","content":"\n\n25 July 2023\n \nMADE TECH GROUP PLC\n(\"Made Tech\", the \"Company\" or the \"Group\")\n \nGrant of LTIP Awards\n \nPDMR Dealings\n \nMade Tech, a leading provider of digital, data and technology services to the UK public sector, announces that on 25 July 2023 the following awards over Ordinary Shares in the Company were granted under the Made Tech Group plc Long Term Incentive Plan (the \"LTIP\"):\n \n\n\n\nDirector / PDMR\n\n\nRole\n\n\nAward \n\n\nNo. of Ordinary Shares under Award\n\n\n\n\nDebbie Lovegrove \n\n\nDirector \n\n\nFY23 LTIP Award\n\n\n470,588\n\n\n\n\nDebbie Lovegrove\n\n\nDirector\n\n\nFY24 LTIP Award\n\n\n733,945\n\n\n\n \nThe FY23 LTIP Award is in respect of the financial year ended 31 May 2023 and the FY24 LTIP Award in respect of the current financial year. \n \nThe awards were granted as nil cost options and will ordinarily vest on the third anniversary of their grant subject to the grantee's continued service and the extent to which the awards' respective performance conditions are satisfied. \n \nThe performance conditions set sliding scale targets in respect of Share Price, Adjusted Earnings Per Share and employee Net Promoter Score for measurement periods comprising respective three financial years of the Company. \n \nOn the same date, the Company granted awards under the LTIP to other senior employees over a total of 3,774,674 Ordinary Shares.\n \nFollowing the above grants under the LTIP, the Company has options outstanding over 9,289,312 Ordinary Shares, equivalent to 6.22% per cent. of the Company's current issued share capital.\n \nEnquiries:\n \n\n\n\nMade Tech Group plc\nRory MacDonald, CEO\nDeborah Lovegrove, CFO\n \n\n\nvia Belvedere PR\n\n\n\n\nSinger Capital Markets (Nominated Adviser & Broker)\nJennifer Boorer / Harry Gooden / Asha Chotai \n \n\n\nTel: +44 20 7496 3000\n \n\n\n\n\nBelvedere Communications (Financial PR)\nCat Valentine\nKeeley Clarke\n\n\nEmail: [email protected]\nTel: +44 7715 769078\nTel: +44 7967 816525\n\n\n\n \nAbout Made Tech\n \nMade Tech is a provider of digital, data and technology services to the UK public sector. Founded in 2008 and now with a headcount of over 430 and offices in four UK...