Business
LTIP Update and PDMR Dealing
LTIP Update and PDMR Dealing.
About this update from Made Tech Group Plc
[{"type":"text","content":"\n \n \n \n 23 February 2023\n \n \n \n \n \n \n \n \n \n MADE TECH GROUP PLC\n \n \n \n \n (\"Made Tech\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Update re. LTIP Awards\n \n \n \n \n \n \n \n \n \n PDMR Dealing\n \n \n \n \n \n \n \n \n \n Waiver and cancellation of certain LTIP awards\n \n \n \n \n \n \n \n \n Made Tech, a leading provider of digital, data and technology services to the UK public sector, announces that certain long-term incentive awards implemented at the tim\n e of the Company's admission to AIM (\"Admission\") have today been waived in full in respect of a total of 1,229,507 ordinary shares in the Company (\"Ordinary Shares\").\n \n \n \n \n \n Contingent on Admission, Rory MacDonald (CEO) and Chris Blackburn (COO) were granted awards under the Made Tech Group plc Long Term Incentive Plan (the \"LTIP\") over 737,704 and 491,803 Ordinary Shares respectively (together the \"CEO and COO LTIP Awards\"). Rory MacDonald and Chris Blackburn (together the \"Concert Party\") are deemed to be acting in concert under the Takeover Code. At the time of Admission, the Concert Party's aggregate fully diluted shareholding was 43.04 per cent. of the Company's issued share capital (based on the Company's issued share capital on Admission assumed enlarged by the exercise of the CEO and COO LTIP Awards). Further details of the CEO and COO LTIP Awards and the waiver from Rule 9 of the Takeover Code granted by the Takeover Panel are included in the Company's Admission Document dated 27 September 2021.\n \n \n \n \n \n Today the CEO and COO LTIP Awards have been waived in full and accordingly will be treated as cancelled.\n \n \n \n \n \n The respective number of Ordinary Shares held by Rory MacDonald and Chris Blackburn remain unchanged following the waiver and cancellation of the CEO and COO LTIP Awards. Following the waiver and cancellation of the CEO and COO LTIP Awards the Concert Party is permitted to acquire Ordinary Shares, subject to its aggregate fully diluted shareholding not exceeding 43.04 per cent. of the Company's issued share capital.\n \n \n \n \n \n \n Grant of LTIP awards to PDMR and others\n \n \n \n \n \n \n \n \n The Company has today granted an award under the LTIP to Tim Bardell, Executive Director of Capabilities...