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Made Tech Group PLC launched its 2024 Save As You Earn (SAYE) share scheme on 26 November 2024, with 122 employees electing to participate. A total of 1,258,455 options over Ordinary Shares were granted at an exercise price of 16.7 pence, representing 0.84% of the total issued share capital as of 25 November 2024. Persons Discharging Managerial Responsibilities (PDMRs) Neil Elton and Wayne Searle were granted 12,218 and 21,218 options respectively, with these options exercisable from 1 January 2028.
| Date | 26 Nov 2024 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 5648N |
26 November 2024
MADE TECH GROUP PLC
("Made Tech" or the "Group")
Launch of 2024 SAYE Scheme,
Grant of SAYE options, and PDMR Dealings
Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce that it has launched its first Save As You Earn ("SAYE") share scheme for all employees, under which employees were offered the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 0.05 pence each ("Ordinary Shares") with an exercise price of 16.7 pence, being the average closing middle market price of the Company's Ordinary Shares in the five business days ended 30 October 2024, the trading day before the invitation to participate was made. The options have a contract start date of 1 January 2025 and are exercisable from 1 January 2028.
A total of 122 employees elected to participate in this scheme, and, pursuant to these elections, a total of 1,258,455 options over Ordinary Shares were granted, equating to 0.84 per cent. of the total issued share capital of the Company, as at 25 November 2024.
The following Persons Discharging Managerial Responsibilities ("PDMRs") of the Company elected to participate in the SAYE scheme:
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PDMR |
Options granted over Ordinary Shares under 2024 SAYE scheme |
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Neil Elton |
12,218 |
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Wayne Searle |
12,218 |
Enquiries:
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Made Tech Rory MacDonald, CEO Neil Elton, CFO
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Via Rawlings Financial PR Limited |
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Singer Capital Markets (Nominated Adviser & Broker) Jen Boorer/ Asha Chotai
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Tel: +44 (0) 20 7496 3000
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Rawlings Financial PR Limited (Financial PR) Cat Valentine |
Email: [email protected] Tel: +44 (0) 7715 769078 |
About Made Tech
Made Tech is a provider of digital, data and technology services, which enable central government, healthcare, local government organisations and other regulated industries to digitally transform.
Made Tech's purpose is to "positively impact the future of society by improving public services 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.
The Group operates from four locations across the UK - London, Manchester, Bristol, and Swansea.
More information is available at https://investors.madetech.com/.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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1. Neil Elton 2. Wayne Searle |
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2
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Reason for the notification |
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a)
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Position/status |
1. Neil Elton - Chief Financial Officer 2. Wayne Searle - Chief People Officer
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b)
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Initial notification /Amendment |
Initial Notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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Name |
Made Tech Group plc |
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b)
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LEI
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213800FQR678FTPNVW08
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of 0.05p each |
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Identification code |
GB00BLGYDT21 |
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b)
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Nature of the transaction
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Grant of options under 2024 SAYE Scheme
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information |
N/A |
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e)
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Date of the transaction |
25 November 2024 |
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f)
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Place of the transaction |
Off market |
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