Tekcapital plc Grant of Options (7260C)
June 30 2016 - 2:30AM
UK Regulatory
TIDMTEK
RNS Number : 7260C
Tekcapital plc
30 June 2016
30 June 2016
Tekcapital plc
("Tekcapital" or "the Company")
Grant of Share Options
The Board of Tekcapital plc (AIM: TEK), an international
provider of technology and intellectual property services,
announces the grant of 700,000 options to subscribe for new
ordinary shares of 0.4 pence each in the Company ("Ordinary
Shares") (the "Options").
The Options were granted on 29 June 2016 (the "Grant Date")
under the Company's EMI Share Option Scheme ("EMI") and Unapproved
Share Option Plan ("Non-EMI"). 400,000 of these Options have been
issued to certain directors, with the balance issued to employees
and other recently engaged Vortechs Group associates to the
Company.
The Options have an exercise price of 37.5p per share, being the
closing mid-market price of Ordinary Shares on 28 June 2016. The
Options granted to directors and employees vest over a three year
period in equal tranches from the Grant Date, but vest immediately
if the mid-market price of Ordinary Shares is maintained at or
above GBP1.00 for ten consecutive trading days. The Options granted
to Vortechs Group associates vest on meeting certain financial
targets over three years. All of the Options will expire on the
fifth anniversary of the Grant Date.
Following the grant of the Options the total number of options
outstanding to subscribe for new ordinary shares in the Company is
3,210,000, representing 9.06% of the Company's current issued share
capital.
The Options issued to directors are detailed below:
Name Current Number Option Total number Percentage
number of Options Type of Options of current
of options granted now held issued
held share capital
------------------ ------------ ------------ -------- ------------- ---------------
Malcolm
Groat 200,000 100,000 EMI 300,000 0.85%
------------------ ------------ ------------ -------- ------------- ---------------
Robert
Miller 120,000 100,000 Non-EMI 220,000 0.62%
------------------ ------------ ------------ -------- ------------- ---------------
Bill Payne 195,000 100,000 Non-EMI 295,000 0.83%
------------------ ------------ ------------ -------- ------------- ---------------
Susan Greenfield 150,000 100,000 Non-EMI 250,000 0.71%
------------------ ------------ ------------ -------- ------------- ---------------
Total 665,000 400,000 1,065,000 3.01%
------------------ ------------ ------------ -------- ------------- ---------------
For further information please contact:
+1 305 200 3450
Tekcapital Plc Ext 305
Clifford M. Gross info@tekcapital.com
Allenby Capital Limited (Nominated
Adviser & Joint Broker) +44 (0)20 3394 2972
Jeremy Porter / Alex Brearley
/ Richard A Short
Optiva Securities Limited (Joint +44 (0) 20 3137
Broker) 1904
Jeremy King / Vishal Balasingham jeremy.king@optivasecurities.com
+44 (0) 20 3727
Walbrook PR Ltd 1000
Paul Cornelius / Paul McManus
/ Helen Cresswell tekcapital@fticonsulting.com
Tekcapital plc - The World's Largest University Network for Open
Innovation
Tekcapital helps clients profit from new, university-developed
intellectual properties. With our proprietary discovery search
engine, linked to 4,000+ universities in 160 countries, coupled
with expert scientific review, we provide a turn-key service to
make it easy for clients to find and acquire the IP, analytics and
technology transfer professionals they need to create a competitive
advantage. Tekcapital plc is listed 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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