Business
Grant of Share Options
Grant of Share Options.
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n\n \n \n1 July 2024\nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or \"the Group\")\nGrant of Share Options\n \nTekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, announces the grant of 2,500,000 share options (\"Share Options\") over new ordinary shares of 0.4 pence each in the Company (\"Ordinary Shares\") to certain employees and independent non-executive directors.\n \nThe Share Options have an exercise price of 11.1p which is a 20% premium to the 9.25p closing price of the Company's shares on 28 June 2024. The Share Options vest in three equal annual instalments from the date of grant and cannot be exercised until 36 months from the date of grant. In addition, for Mr. Max Inglis, Mr. Konrad Dabrowski and Monica Rios are subject to performance criteria (the criteria requiring a growth in NAV of the Company at a minimum of 8% per annum) as agreed by the Remuneration Committee. If not exercised the Share Options will lapse 5 years after the date of grant.\n\n\n\n\nExecutive\n\n\nNo. of options granted\n\n\nExisting no. of options\n\n\n \n\n\nOption Type\n\n\nTotal no. of options over Ordinary Shares\n\n\nTotal Options as a percentage of the Company's issued share capital \n\n\n\n\nDr. Robert Miller\n\n\n100,000\n\n\n300,000\n\n\n\n\n\nNon-EMI\n\n\n400,000\n\n\n0.20%\n\n\n\n\nLord David Willetts\n\n\n100,000\n\n\n200,000\n\n\n\n\n\nNon-EMI\n\n\n300,000\n\n\n0.15%\n\n\n\n\nMr. Louis Castro\n\n\n100,000\n\n\n-\n\n\n\n\n\nNon-EMI\n\n\n100,000\n\n\n0.05%\n\n\n\n\nMr. Max Inglis\n\n\n100,000\n\n\n1,900,000\n\n\n\n\n\nNon-EMI\n\n\n2,000,000\n\n\n1.01%\n\n\n\n\nMr. Konrad Dabrowski\n\n\n2,000,000\n\n\n2,000,000\n\n\n\n\n\nNon-EMI\n\n\n4,000,000\n\n\n2.02%\n\n\n\n\nMonica Rios\n\n\n100,000\n\n\n-\n\n\n\n\n\nNon-EMI\n\n\n100,000\n\n\n0.05%\n\n\n\n\n A total of 2,500,000 of the awarded Share Options are as set out below:\n \nFollowing the issue of the new Share Options, the total number of Ordinary Shares under option is 12,002,000 Ordinary Shares representing 6.06% of the Company's issued share capital.\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market A...