Business
Award of Share Options
Ilika plc announced on February 24, 2026, the award of share options to Executive Directors and employees under its Long Term Incentive Plan (LTIP) and EMI employee option scheme. A total of 634,956 ordinary shares were granted under the LTIP, with 625,360 options going to one Executive Director at an exercise price of 1p. Additionally, 2,051,219 ordinary shares were granted under the EMI scheme to employees and an Executive Director, with an exercise price of 27.5p. These awards, totaling 2,686,175 options representing 1.49% of the current issued share capital, are designed to align employee incentives with shareholder interests and company performance. Disclaimer*
About this update from Ilika Plc
24 February 2026 Ilika plc ("Ilika", the "Group". or the "Company") Award of Share Options Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that, on 24 February 2026, it granted options to certain Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI employee option scheme. LTIP Ilika awarded options under the LTIP over 634,956 ordinary shares of 1p each in the Company ("Ordinary Shares"). This included 625,360 options over Ordinary Shares to one Executive Director and over a further 9,596 Ordinary Shares to certain employees. Each award has an exercise price equal to the nominal value of an Ordinary Share (1p) and vests on the achievement of certain performance targets over a three-year period. Details of grants issued under the LTIP by each Executive Director are set out in the table below, together with the total number of Ordinary Shares each Executive Director holds under option and is interested in. Director Number of LTIP options granted Total number of Options now held (Both EMI & LTIP) Per cent. of current issued share capital Jason Stewart 625,360 1,672,094 0.92% EMI option scheme Ilika granted options over 1,182,063 Ordinary Shares to employees and 869,156 options over Ordinary shares to an Executive Director under the Company's EMI option scheme. EMI options have an exercise price of 27.5p per Ordinary Share and vest on the achievement of certain performance targets over a three-year period. The awards are intended to align the incentives of the Executive Directors and other senior employees with the Company's performance and outcomes for shareholders over the long term, and to provide effective and attractive levels of reward, based on delivering strong financial and operational performance in a fair and proportionate manner. Director Number of EMI options granted Total number of Options now held (Both EMI & LTIP) Per cent. of current issued share capital Graeme Purdy 869,156 4,180,726 2.31% In total, options over 2,686,175 Ordinary Shares have been awarded under the LTIP and the EMI option scheme, representing 1.49% of the current issued share capital. For more informat...