TEKCAPITAL PLC

Remuneration Information • Jul 1, 2024

National Storage Mechanism | Additional information

RNS Number : 6141U

Tekcapital plc

01 July 2024

1 July 2024

Tekcapital Plc

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

Grant of Share Options

Tekcapital 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.

The Share Options have an exercise price of 11.1 p which is a 20% premium to the 9.25 p 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.

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	100,000	300,000		Non-EMI	400,000	0.20%
Lord David Willetts	100,000	200,000		Non-EMI	300,000	0.15%
Mr. Louis Castro	100,000	-		Non-EMI	100,000	0.05%
Mr. Max Inglis	100,000	1,900,000		Non-EMI	2,000,000	1.01%
Mr. Konrad Dabrowski	2,000,000	2,000,000		Non-EMI	4,000,000	2.02%
Monica Rios	100,000	-		Non-EMI	100,000	0.05%

A total of 2,500,000 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 12,002,000 Ordinary Shares representing 6.06% 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

Dr. Robert Miller (Independent Non-Executive Director)

Lord David Willetts (Independent Non-Executive Director)

Mr. Louis Castro (Independent Non-Executive Director)

Max Inglis (General Counsel)

Konrad Dabrowski (CFO)

Monica Rios

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)
Dr. Robert Miller	11.1p	100,000
Lord David Willetts	11.1p	100,000
Mr. Louis Castro	11.1p	100,000
Max Inglis	11.1p	100,000
Konrad Dabrowski	11.1p	2,000,000
Monica Rios	11.1p	100,000

d)

Aggregated information

- Aggregated volume

- Price

Director/PDMR	Price(s)	Volume(s)
Dr. Robert Miller	11.1p	100,000
Lord David Willetts	11.1p	100,000
Mr. Louis Castro	11.1p	100,000
Max Inglis	11.1p	100,000
Konrad Dabrowski	11.1p	2,000,000
Monica Rios	11.1p	100,000

e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside a trading venue

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

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

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