Made Tech Group PLC Grant of LTIP Awards (1513H)
25 Juillet 2023 - 3:43PM
UK Regulatory
TIDMMTEC
RNS Number : 1513H
Made Tech Group PLC
25 July 2023
25 July 2023
MADE TECH GROUP PLC
("Made Tech", the "Company" or the "Group")
Grant of LTIP Awards
PDMR Dealings
Made Tech, a leading provider of digital, data and technology
services to the UK public sector, announces that on 25 July 2023
the following awards over Ordinary Shares in the Company were
granted under the Made Tech Group plc Long Term Incentive Plan (the
"LTIP"):
Director / PDMR Role Award No. of Ordinary Shares under Award
Debbie Lovegrove Director FY23 LTIP Award 470,588
Debbie Lovegrove Director FY24 LTIP Award 733,945
The FY23 LTIP Award is in respect of the financial year ended 31
May 2023 and the FY24 LTIP Award in respect of the current
financial year.
The awards were granted as nil cost options and will ordinarily
vest on the third anniversary of their grant subject to the
grantee's continued service and the extent to which the awards'
respective performance conditions are satisfied.
The performance conditions set sliding scale targets in respect
of Share Price, Adjusted Earnings Per Share and employee Net
Promoter Score for measurement periods comprising respective three
financial years of the Company.
On the same date, the Company granted awards under the LTIP to
other senior employees over a total of 3,774,674 Ordinary
Shares.
Following the above grants under the LTIP, the Company has
options outstanding over 9,289,312 Ordinary Shares, equivalent to
6.22% per cent. of the Company's current issued share capital.
Enquiries:
Made Tech Group plc via Belvedere PR
Rory MacDonald, CEO
Deborah Lovegrove, CFO
Singer Capital Markets (Nominated Adviser & Broker) Tel: +44 20 7496 3000
Jennifer Boorer / Harry Gooden / Asha Chotai
Belvedere Communications (Financial PR) Email: madetech@belvederepr.com
Cat Valentine Tel: +44 7715 769078
Keeley Clarke Tel: +44 7967 816525
About Made Tech
Made Tech is a provider of digital, data and technology services
to the UK public sector. Founded in 2008 and now with a headcount
of over 430 and offices in four UK locations (London, Manchester,
Bristol and Swansea), Made Tech provides services that enable
central government, healthcare and local government organisations
to digitally transform.
Made Tech's purpose is to "positively impact the future of
society by improving public sector technology". To achieve this the
company has four key strategic missions: Modernise legacy
technology and working practices; Accelerate digital service and
technology delivery; Drive better decisions through data and
automation; and Enable technology and delivery skills to build
better systems.
https://investors.madetech.com/
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Debbie Lovegrove
------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Director - PDMR
------------------------------- -------------------------------------
b) Initial notification /Amendment Initial Notification
------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Made Tech Group plc
------------------------------- -------------------------------------
b) LEI 213800FQR678FTPNVW08
------------------------------- -------------------------------------
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 LTIP awards over ordinary shares in
instrument, type of instrument the Company
Identification code GB00BLGYDT21
b) Nature of the transaction Grant of LTIP awards
------------------------------- -------------------------------------
c) Price(s) and volume(s) PDMR Volume Price
Debbie Lovegrove 470,588 Nil
------- -----
Debbie Lovegrove 733,945 Nil
------- -----
------------------------------- -------------------------------------
d) Aggregated information Aggregate number of Ordinary Shares
under LTIP awards granted: 1,204,533
Aggregate price: Nil
------------------------------- -------------------------------------
e) Date of the transaction 25 July 2023
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
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END
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