# Ilika plc grants options under the Long Term Incentive Plan

- Link: https://www.directorstalkinterviews.com/ilika-plc-grants-options-under-the-long-term-incentive-plan/4121108226
- Published: 2023-03-01T07:06:56+00:00
- Author: Emily Johnson

**[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 28 February 2023 it granted
options to Executive Directors and employees under the Long Term Incentive Plan 
approved by shareholders in 2018 and the EMI scheme.

**LTIP**

Ilika awarded nominal value options under the LTIP over 416,954 ordinary shares 
of 1p each in the Company to an Executive Director and options over a further 2,800
Ordinary Shares to employees. Each award vests on the achievement of certain performance
targets over a three-year period. 

**EMI** **option scheme**

Ilika plc granted market value options over 802,248 ordinary shares of 1p each in
the Company to an Executive Director and employees under the Company EMI option 
scheme.  EMI options vest on the achievement of certain performance targets over
a three-year period. 

The awards are intended to align the incentives of the Executive Directors and other
senior employees with the Company’s performance and outcomes for shareholders over
the long term and to provide effective and attractive levels of reward, based on
delivering strong performance in a fair and proportionate manner.

In total, options over 1,222,002 Ordinary Shares have been granted representing 
0.77% of issued share capital.

Details of grants issued under the LTIP and EMI option scheme by each Executive 
Director are set out in the table below, together with the total number of Ordinary
Shares each Executive Director holds under option and is interested in.

| **Director** | **Number of options granted** | **Scheme under which options granted** | **Total number of Options now held** | **Per cent. of issued share capital** | 
| Graeme Purdy | 416,954 | LTIP | 2,779,067 | 1.76 | 
| Jason Stewart | 300,000 | EMI | 300,000 | 0.19 |

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