Award of Share Options

Ilika plc

24 February 2026

 

24 February 2026

Ilika plc

("Ilika", the "Group". or the "Company")

Award of Share Options

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that, on 24 February 2026, it granted options to certain Executive Directors and employees under the Long Term Incentive Plan approved by shareholders in 2018 ("LTIP") and the EMI employee option scheme.

LTIP

Ilika awarded options under the LTIP over 634,956 ordinary shares of 1p each in the Company ("Ordinary Shares"). This included 625,360 options over Ordinary Shares to one Executive Director and over a further 9,596 Ordinary Shares to certain employees. Each award has an exercise price equal to the nominal value of an Ordinary Share (1p) and vests on the achievement of certain performance targets over a three-year period. 

Details of grants issued under the LTIP 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 LTIP options granted	Total number of Options now held (Both EMI & LTIP)	Per cent. of current issued share capital
Jason Stewart	625,360	1,672,094	0.92%

EMI option scheme

Ilika granted options over 1,182,063 Ordinary Shares to employees and 869,156 options over Ordinary shares to an Executive Director under the Company's EMI option scheme.  EMI options have an exercise price of 27.5p per Ordinary Share and 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 financial and operational performance in a fair and proportionate manner.

Director	Number of EMI options granted	Total number of Options now held (Both EMI & LTIP)	Per cent. of current issued share capital
Graeme Purdy	869,156	4,180,726	2.31%

In total, options over 2,686,175 Ordinary Shares have been awarded under the LTIP and the EMI option scheme, representing 1.49% of the current issued share capital.

For more information contact:

Ilika Plc Graeme Purdy, Chief Executive Jason Stewart, Chief Financial Officer	www.ilika.com Via FTI Consulting
Cavendish Capital Markets Limited (Nomad and Broker) Peter Lynch Neil McDonald	[phone] [phone]
FTI Consulting (Comms Advisors) Ben Brewerton Elizabeth Adams Dwight Burden	[e-mail]

About Ilika plc - https://www.ilika.com

Ilika is a global expert in the development of solid state battery technology for electric vehicles, medical devices and consumer appliances. The Company's pioneering next-generation technologies aim to provide scalable, affordable alternatives to conventional batteries, to industries which need to incorporate a smaller, lighter, and safer power source in their products.

The Company has two product lines. Its Stereax batteries are designed for powering miniature medical implants, industrial wireless sensors and Internet of Things (IoT) applications and the Goliath large format batteries designed for EV cars and cordless appliances.

Through its licensing business model, Ilika supplies its IP portfolio to both OEMs and manufacturing partners in exchange for a license fee and future royalties

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graeme Purdy
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			27.5p	869,156
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jason Stewart
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of LTIP share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1p	625,360
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Turner
2	Reason for the notification
a)	Position/status	VP Product Development
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			27.5p	184,992
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Tinson
2	Reason for the notification
a)	Position/status	VP Sales
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			27.5p	9,596
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robin Bell
2	Reason for the notification
a)	Position/status	NPI Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			27.5p	9,596
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mandy Petitt
2	Reason for the notification
a)	Position/status	Financial Controller
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			27.5p	14,394
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sherry Cook
2	Reason for the notification
a)	Position/status	Sustainability, Quality and Business Compliance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ilika plc
b)	LEI	213800TMDNIE3Z8XXD26
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	Ordinary shares of 1 pence each
	Identification code	GB00B608Z994
b)	Nature of the transaction	Grant of EMI share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			27.5p	21,591
d)	Aggregated information	Not Applicable - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Off market

 

END