Directors Dealings, Exercise of Options & TVR

RNS Number : 5819G

Ilika plc

04 March 2015

 

Ilika plc

("Ilika" or the "Company")

Directors Dealings, Exercise of Options & Total Voting Rights

Ilika (AIM: IKA), the accelerated materials innovation company, announces that Graeme Purdy, CEO of the Company, has today taken the opportunity to increase his holdings in the Company by exercising 139,500 of his options issued in 2005, at an exercise price of 10 pence, into Ordinary Shares. Mr Purdy has sold 27,500 of these shares to fund the exercise price and the tax arising on the transaction. Following the exercise of the options, Mr Purdy owns 589,427 Ordinary Shares equivalent to 0.9% of the Company's issued share capital.

In addition, the following transactions have been completed:

·     Exercise of 2,900 options at an exercise price of 51p, into Ordinary Shares of 1p each.

·     Exercise of 3,750 options at an exercise price of 53p, into Ordinary Shares of 1p each.

·     Conversion of 87,500 convertible preference shares to Ordinary Shares of 1p each by a founding shareholder.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM; it is expected that such admission will be effective on or around Tuesday 10th March 2015.

The figure of 65,736,416 Ordinary Shares 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 and Transparency Rules.

For more information contact:

Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Tel: [phone]
Steve Boydell, Finance Director
Numis Securities Limited	Tel: [phone]
Oliver Cardigan/ Adrian Trimmings /
James Black
Walbrook PR Ltd	Tel: [phone] / [e-mail]
Lianne Cawthorne (Media Enquiries)	Mob: [phone]
Paul Cornelius (Investor Enquiries)	Mob: [phone]

 

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