TEKCAPITAL PLC

Share Issue/Capital Change • Nov 15, 2022

National Storage Mechanism | Additional information

RNS Number : 3607G

Tekcapital plc

15 November 2022

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

15th November 2022

Tekcapital plc

("Tekcapital" or the "Company")

Exercise of Stock Options and Total Voting Rights

Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products from investing in university technology that can improve people's lives, is pleased to announce that the Company has received notice from Konrad Dabrowski (Non-board CFO) and Max Inglis (General Counsel) to exercise their options to subscribe for 1,100,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") at an exercise price of 7.83p per new Ordinary Share. The notice was accepted and having received the appropriate payment the Company has accordingly issued and allotted the 1,100,000 new ordinary shares (the "Option Shares").

Executive	Existing no. of options	Option Shares Exercised	Remaining Share Options Held		Shareholding on Admission	Resultant percentage shareholding
Mr. Max Inglis	2,000,000	100,000	1,900,000		1,625,000	1.08%
Mr. Konrad Dabrowski	3,000,000	1,000,000	2,000,000		1,228,000	0.8%

Application has been made for the Option Shares to be admitted to trading on the London Stock AIM (the "Admission"). It is expected that Admission will become effective on or around 18th November 2022.

Following the issue of the Option Shares, which on Admission will rank pari passu with the existing ordinary shares, the total number of ordinary shares in issue with voting rights in the Company will be 150,692,328. There are no shares held in treasury.

The above figure of 150,692,328 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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

1.  Max Inglis (General Counsel)

2.  Konrad Dabrowski (CFO)

2

Reason for the notification

a)

Position/status

1.  General Counsel

2.  Chief Financial Officer

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

Exercise of options over new ordinary shares of 0.4 pence each in the Company

c)

Price(s) and volume(s)

Director/PDMR	Price(s)	Volume(s)
Max Inglis	7.83p	100,000
Konrad Dabrowski	7.83p	1,000,000

d)

Aggregated information

- Aggregated volume

- Price

Director/PDMR	Price(s)	Volume(s)
Max Inglis	7.83p	100,000
Konrad Dabrowski	7.83p	1,000,000

e)

Date of the transaction

14th November 2022

f)

Place of the transaction

Outside a trading venue

LEI: 213800GOJTOV19FIFZ85

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.

For further information, please contact:

Tekcapital Plc		Via Flagstaff IR
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) Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications		+44 (0) 20 7129 1474
Tim Thompson / Andrea Seymour / Fergus Mellon

This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of   Tekcapital's management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialise, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Tekcapital neither  intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFFDFWLEESEFF