Grant of Options

EnSilica PLC

17 July 2026

 

17 July 2026

EnSilica plc

("EnSilica" or the "Company")

Grant of options to executive directors and management

EnSilica (AIM: ENSI), a leading fabless microchip maker with a growing portfolio of reusable IP, serving the Space and Communications, Industrial, and Automotive markets, announces that the Company's Remuneration Committee has approved the grant of options over ordinary shares of 0.1p each in the Company ("Ordinary Shares") under the Company's Long Term Incentive Plan 2022 (the "LTIP") to the Company's Executive Directors and members of the senior management team (the "Options").

The Options are intended to align the interests of the Company's Executive Directors and members of the senior management team with those of shareholders by incentivising the delivery of sustained long-term growth in earnings and shareholder value.

In addition to the Options, the board of directors of EnSilica (the "Board" or the "Directors") will continue to grant equity awards to key employees under its broader employee incentive arrangements. The Board believes that broad employee participation in equity incentive schemes helps align employees' interests with those of shareholders and supports the attraction, motivation and retention of skilled talent across the business.

Further details of the Options

The Options will ordinarily vest following the announcement of the Company's results for the financial year ending 31 May 2029 ("FY2029"), subject to, inter alia, the achievement of demanding performance conditions and continued employment. Where the threshold performance conditions are not achieved at the initial three-year testing date, the Options will remain capable of vesting following the announcement of the Company's results for the financial year ending 31 May 2030 ("FY2030"), subject to the achievement of higher performance targets.

Performance will be measured equally against two independent metrics:

1)   EBITDA - 50% of the Options are based on adjusted EBITDA targets, whereby 25% of these Options will vest when underlying adjusted EBITDA reaches £10.0 million for FY2029 (increasing to £12.0 million at the FY2030 testing date), with full vesting of these Options requiring adjusted EBITDA of £13.0 million for FY2029 (or £15.0 million for FY2030); and

2)   Total Shareholder Return ("TSR") - 50% of the Options are based on TSR targets, measured by reference to the Company's average share price over the 20 trading days from the announcement of the relevant annual results. Vesting will commence as to 25% of these Options only if the average share price reaches 150 pence at the FY2029 testing date (or 172 pence at the FY2030 testing date), with full vesting of these Options requiring an average share price of 200 pence for the FY2029 testing date (or 252 pence for the FY2030 testing date).

Between the minimum and maximum performance thresholds, vesting of the Options will occur on a straight-line basis from 25% to 100%.

In addition, for any Options that vest and are exercised, 50% of the shares acquired will be subject to a mandatory one-year holding period (net of applicable tax liabilities), further reinforcing the alignment of management's interests with those of shareholders over the longer term.

Pursuant to the terms of the LTIP, each Option has an exercise price of 0.1p per share, being the nominal value of the Company's ordinary shares.

The Options are subject to the customary provisions of the LTIP, including malus and clawback, leaver provisions and the discretion of the Remuneration Committee in appropriate circumstances.

Executive Director Options

Of the Options granted, 2,166,000 have been granted to the Executive Directors of the Company as set out below:

Name	Role	Number of new Options granted	Number of existing options held	Total number of options now held
Mark Hodgkins	Chairman	393,000	1,515,000	1,908,000
Ian Lankshear	Chief Executive Officer	1,212,000	3,015,000	4,227,000
Kristoff Rademan	Chief Financial Officer	561,000	128,625	689,625

The table at the end of this announcement, which is provided in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

There is now a total of 10,188,526 options over new Ordinary Shares granted to directors and employees of the Company.

For further information please contact:

EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer www.ensilica.com	via Novella Communications [phone]
Allenby Capital Limited (Nominated Adviser & Joint Broker) Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)	[phone] [e-mail]
Panmure Liberum Limited (Joint Broker) Edward Mansfield / Will King / Zak Wadud (Corporate Finance) Rupert Dearden / Rauf Munir (Corporate Broking)	[phone]
Novella Communications (Investor & Financial Public Relations) Tim Robertson / Oliver Norton	[phone]   [e-mail]

About EnSilica plc

EnSilica is a fabless, application-specific chipmaker, combining deep domain and system-level expertise with world-class capability in RF, mmWave, mixed-signal and complex digital IC design. The Company serves customers across the space and communications, industrial, and automotive markets, where safety, security and reliability are critical.

A growing portfolio of reusable IP and silicon platforms underpins a repeatable, scalable delivery model, reducing development risk, cost and time to market while supporting long-term supply revenues. EnSilica has a strong track record of delivering production-proven silicon to demanding industry standards. Headquartered near Oxford, UK, the Company operates design centres across the UK, India, Brazil and Hungary.

LEI: 213800R6VXRU7MJTAF04

Information required under the UK Market Abuse Regulation:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Hodgkins  Chairman  Ian Lankshear  Chief Executive Officer  Kristoff Rademan  Chief Financial Officer
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	EnSilica plc
b)	LEI	213800R6VXRU7MJTAF04
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	Ordinary shares of 0.1p each in EnSilica plc ("Ordinary Shares") ISIN: GB00BN7F1618
b)	Nature of the transaction	Grant of options over Ordinary Shares under the EnSilica plc Long Term Incentive Plan 2022
c)	Price(s) and volume(s)	Name Volume Exercise price Mark Hodgkins     393,000 0.1 pence  Ian Lankshear       1,212,000 0.1 pence  Kristoff Rademan             561,000 0.1 pence
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 July 2026
f)	Place of the transaction	Outside of a trading venue

 

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