TEKCAPITAL PLC

Director's Dealing • Jun 15, 2021

National Storage Mechanism | Additional information

RNS Number : 8609B

Tekcapital plc

15 June 2021

15 June 2021

Tekcapital Plc

("Tekcapital", the "Company" or "the Group")

Grant of Share Options

Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating valuable products from investing in university technologies that can improve the quality of life, announces the grant of 1,200,000 share options over the Company's ordinary shares ("Share Options") to certain employees and independent non-executive directors.

The Share Options will have an exercise price of 19p which is a 26% premium on the 15p closing price on 14 June 2021. The Share Options vest in three equal annual installments from the date of grant and cannot be exercised until 36 months from the date of grant. In addition, for Mr. Max Inglis and Mr. Konrad Dabrowski 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.

Executive	No. of options granted	Existing no. of options		Option Type	Total no. of options over Ordinary Shares	Total Options as a percentage of the Company's issued share capital
Dr. Robert Miller	200,000	200,000		Non-EMI	400,000	0.31%
Lord David Willetts	100,000	100,000		Non-EMI	200,000	0.15%
Mr. Max Inglis	200,000	1,250,000		Non-EMI	1,450,000	1.10%
Mr. Konrad Dabrowski	700,000	1,425,000		Non-EMI	2,125,000	1.62%

A total of 1,200,000 of the awarded Share Options are as set out below:

Following the issue of the new Share Options, the total number of Ordinary Shares under option is 9,645,000 Ordinary Shares representing 7.37% of the Company's issued share capital.

Notification 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 Abuse regulation.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lord David Willetts (Independent Non-Executive Director)

Robert Miller (Independent Non-Executive Director)

Max Inglis (General Counsel)

Konrad Dabrowski (CFO)

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

Initial notification /

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

TEKCAPITAL PLC

b)

LEI

213800GOJTOV19FIFZ85 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of

instrument

Identification code

Options over Ordinary Shares of 0.4p each

ISIN: GB00BKXGY798

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Director/PDMR	Price(s)	Volume(s)
Lord David Willetts	19p	100,000
Robert Miller	19p	200,000
Max Inglis	19p	200,000
Konrad Dabrowski	19p	700,000

d)

Aggregated information

- Aggregated volume

- Price

Price(s)	Volume(s)
19p  per share	1,200,000

e)

Date of the transaction

14 June 2021

f)

Place of the transaction

Outside a trading venue

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

Tekcapital Plc		Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated Adviser and Broker)		+44 (0) 20 3470 0470
Richard Morrison/Charlie Bouverat (Corporate Finance)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications		+44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon

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