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Draper Esprit PLC (GROW)

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Tuesday 30 June, 2020

Draper Esprit PLC

Director/PDMR Shareholding

RNS Number : 5687R
Draper Esprit PLC
30 June 2020
 

 

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

 

Grant of Options to Persons Discharging Managerial Responsibility ("PDMRs")

 

Draper Esprit PLC (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, announces that options (the "Options") over a total of 418,930 ordinary shares with a nominal value of 1p each in the share capital of the Company ("Ordinary Shares") have been awarded to certain PDMRs of the Company pursuant to the Company Share Option Plan ("CSOP") and Long-Term Incentive Plan ("LTIP"), as set out below.

 

The Options awarded under the CSOP have an exercise price of 449p (being the closing mid-market price at 29th June 2020), a performance condition of an 8% per annum share price hurdle and a vesting period of 3 years.

 

The Options awarded under the LTIP have a nominal value exercise of 1p price and are subject to the LTIP performance conditions set out in the Company's annual report and accounts for the financial year ended 31 March 2020, a copy of which is available at https://draperesprit.com/investors/plc/results-and-reports.

 

After the grant of these Options, the PDMRs set out below have the following Options and Ordinary Shares:

PDMR

Options Awarded

Total Options

Ordinary Shares

Martin Davis

200,000 (CSOP)

93,541 (LTIP)

493,541

-

-

-

Stuart Chapman

64,365 (LTIP)

890,569

1,344,306

Ben Wilkinson

61,024 (LTIP)

766,854

5,604

 

 

The notification set out in the Annex below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such purchase.

ANNEX

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Martin Davis

 

2

Reason for the notification

 

a)

Position / status

CEO

 

b)

Initial notification / amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Draper Esprit PLC

 

b)

LEI

 

213800IPCR3SAYJWSW10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

 

a)

Description of financial instrument,

type of instrument

Options in respect of the CSOP and the LTIP over ordinary shares of 1p each

 

Identification Code

 

GB00BY7QYJ50

b)

Nature of the transaction

Issue of options

 

c)

Price(s) and volume(s)

 

200,00 options with an exercise price of 449p

 

93,541 options with an exercise price of 1p

d)

Aggregated information

Aggregated volume

Price

 

n/a

e)

Date of the transaction

 

29 June 2020 (LTIP) and 30 June 2020 (CSOP)

f)

Place of the transaction

 

London

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Stuart Chapman

 

2

Reason for the notification

 

a)

Position / status

Chief Portfolio Officer

 

b)

Initial notification / amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Draper Esprit PLC

 

b)

LEI

 

213800IPCR3SAYJWSW10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

 

a)

Description of financial instrument,

type of instrument

Options in respect of the LTIP over ordinary shares of 1p each

 

Identification Code

 

GB00BY7QYJ50

b)

Nature of the transaction

Issue of options

 

c)

Price(s) and volume(s)

 

64,365 options with an exercise price of 1p

 

d)

Aggregated information

Aggregated volume

Price

 

n/a

e)

Date of the transaction

 

29 June 2020

f)

Place of the transaction

 

London

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Ben Wilkinson

 

2

Reason for the notification

 

a)

Position / status

CFO

 

b)

Initial notification / amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Draper Esprit PLC

 

b)

LEI

 

213800IPCR3SAYJWSW10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

 

a)

Description of financial instrument,

type of instrument

Options in respect of the LTIP over ordinary shares of 1p each

 

Identification Code

 

GB00BY7QYJ50

b)

Nature of the transaction

Issue of options

 

c)

Price(s) and volume(s)

 

61,024 options with an exercise price of 1p

d)

Aggregated information

Aggregated volume

Price

 

n/a

e)

Date of the transaction

 

29 June 2020

f)

Place of the transaction

 

London

 

 

For further information, please contact:

Draper Esprit plc

Martin Davis (Chief Executive Officer)

Ben Wilkinson (Chief Financial Officer)

+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Simon Willis

Richard Thomas

Jamie Loughborough

+44 (0)20 7260 1000

Goodbody Stockbrokers

Euronext Growth Adviser & Joint Broker

Don Harrington

Charlotte Craigie

Dearbhla Gallagher

+44 (0) 20 3128 8570

Powerscourt

Public relations

James White

Elly Williamson

Jessica Hodgson  

+44 (0)20 7250 1446

 

 

 


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