# Ilika plc award share options under the long term incentive plan

- Link: https://www.directorstalkinterviews.com/ilika-plc-award-share-options-under-the-long-term-incentive-plan/4121051264
- Published: 2022-02-08T07:04:02+00:00
- Author: Giles

**[Ilika plc](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)**(
[LON:IKA](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)), a pioneer
in solid-state battery technology, has announced that on 7 February 2022 it granted
nominal value options over 229,759 ordinary shares of 1p each in the Company to 
Executive Directors under the Long Term Incentive Plan 2018. Each award vests on
the achievement of certain performance targets over a three-year period. The options
granted represent in aggregate 0.15 per cent of the Company’s issued share capital.

In addition, on 7 February 2022, 20,000 nominal value options previously awarded
under the Company’s bonus scheme have been exercised by Steve Boydell, CFO, and 
the Executive Directors sold 30,000 shares in aggregate, primarily to cover tax 
liabilities arising from options exercised under the Company’s bonus scheme in 2021
and 2022.

Details of grants issued under the Company’s Long Term Incentive Plan 2018, options
exercised and Ordinary Shares sold by each Executive Director are set out in the
tables below, together with the total number of Ordinary Shares each Executive Director
holds under option and is interested in.

| Director | Number of options granted | Number of options exercised | Total number of Options now held | Per cent. of issued share capital | 
| Graeme Purdy | 153,541 | – | 2,362,113 | 1.50 | 
| Steve Boydell | 76,218 | 20,000 | 755,723 | 0.48 |

| Director | Ordinary shares sold | Number of shares held post sale | Per cent. of issued share capital | 
| Graeme Purdy | 15,000 | 782,927 | 0.50 | 
| Steve Boydell | 15,000 | 58,346 | 0.04 |

**EMI** **option scheme**

Following the vesting of options under Ilika’s EMI share option schemes, 52,500 
options with an exercise price of 21p, together with 265,000 options with an exercise
price of 18.2p, have been converted into Ordinary shares of 1p each. 

Accordingly, to satisfy options exercised under both the Company’s EMI share option
schemes and bonus scheme, the Company has applied to the London Stock Exchange for
337,500 Ordinary Shares to be admitted to trading on AIM. It is expected that Admission
will occur at 8.00am on 11 February 2022.

**Total Voting Rights**

Following Admission, the Ilika issued share capital will comprise 157,217,043 Ordinary
Shares and may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of the Company under the
FCA’s Disclosure Guidance and Transparency Rules. The Company does not hold any 
shares in treasury. 

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