REG - Made Tech Group PLC - Grant of LTIP Awards

Made TechAnnouncement

25/07/2023 14:45

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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/ (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 instrument, type of instrument  LTIP awards over ordinary shares in 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

 

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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