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Quantum Base Holdings PLC granted Long Term Incentive Plan (LTIP) Awards as options over ordinary shares on 11 December 2025, with an associated option exercise price of GBP 0.001 per share. These awards included 568,181 shares each to CEO Tom Taylor and Co-Founder & CSO Prof. Robert Young, and 173,160 shares to CTO David Howarth. A further 915,103 shares were granted to 14 other employees, with all awards vesting from 1 May 2028 subject to performance and service conditions.
| Date | 12 Dec 2025 |
| Time | 07:00:07 |
| Category | Director/PDMR dealings |
| ID | 2743L |
12 December 2025
Quantum Base Holdings plc
("Quantum Base" or the "Company")
Notification and public disclosure of transactions by PDMRS
Grant of LTIP Awards
Quantum Base (AIM: QUBE), the quantum science company focused on creating a new global standard in authentication, announces that on 11 December 2025, the following awards ("Awards") over ordinary shares of GBP 0.001 each in the Company ("Shares") were granted under the Quantum Base Holdings PLC Long Term Incentive Plan ("LTIP") to the following persons discharging managerial responsibilities:
|
Participant |
Position |
Award Designation |
Number of Shares under Award |
|
Tom Taylor |
Chief Executive Officer |
Performance Share Award |
568,181 |
|
Prof. Robert Young |
Co-Founder & Chief Science Officer |
Performance Share Award |
568,181 |
|
David Howarth |
Chief Technology Officer |
Performance Share Award |
173,160
|
The Awards were granted as options with an associated option exercise price of GBP 0.001 per share.
The Awards will ordinary vest and become exercisable as from 1 May 2028, subject to the grantee's continued service and to the extent to which the Award's performance conditions are met.
As summarised in the table immediately below; such performance conditions set threshold to stretch targets in respect of the Company's total shareholder return ("TSR") over the period 1 May 2025 to 30 April 2028 (the "Performance Period"). No portion of the Awards shall performance vest unless the Company's TSR over the Performance Period reaches the threshold target, for which 25% of the Awards would performance vest, rising on a straight line basis to full performance vesting of the Awards for the Company's TSR over the Performance Period being equal to the stretch target or better.
|
TSR over the Performance Period |
% of the Awards that vests |
|
Below 100% |
Nil |
|
100% |
25% |
|
Greater than 100% but less than 200% |
Calculated on a straight line basis between 25% and 100% |
|
200% or above |
100% |
The base point for starting TSR shall be a share price of 23.1p (the Company's offer price at time of IPO earlier this year) and a one month averaging period looking back from the end of the Performance Period shall be used for the purposes of the end point calculation.
The LTIP was adopted by the Board of the Company on 1 December 2025 and includes best practice provisions including in respect of leaver terms and malus and clawback terms.
On the same day as the grant of the Awards noted above awards were also granted under the LTIP to 14 other employees in respect of a total of 915,103 Shares. Such awards have a tranched vesting profile and the vesting in respect of which is conditioned service based only.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||||
|
a) |
Name |
1. Tom Taylor 2. Prof. Robert Young 3. David Howarth
|
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|
2 |
Reason for Notification |
|||||||||
|
a) |
Position/status |
1. Chief Executive Officer 2. Co-Founder & Chief Science Officer 3. Chief Technology Officer
|
||||||||
|
b) |
Initial notification/Amendment |
Initial Announcement |
||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||
|
a) |
Name |
Quantum Base Holdings PLC |
||||||||
|
b) |
LEI |
9845002F5A9EY5AM4B40
|
||||||||
|
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 Identification code |
Ordinary Shares of GBP 0.001 GB00BTXYPJ53 |
||||||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares under the Quantum Base Holdings PLC Long Term Incentive Plan with an option exercise price of GBP 0.001 per share.
|
||||||||
|
c) |
Price(s) and volume(s)
|
|
||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transactions Nil |
||||||||
|
e) |
Date of the transaction |
11 December 2025 |
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|
f) |
Place of the transaction |
Outside a trading venue |
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This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
ENDS
For further information, please contact:
|
Quantum Base
Tom Taylor, CEO
|
www.quantumbase.com |
|
Strand Hanson Limited (Financial and Nominated Adviser)
Christopher Raggett James Bellman David Asquith Edward Foulkes
|
+44 (0)207 409 3494 |
|
Cavendish Capital Markets Limited (Broker)
Ed Frisby / Isaac Hooper - Corporate Finance Andrew Burdis - Corporate Broking Michael Johnson / Dale Bellis / Jasper Berry - Sales
|
+44 (0)20 7220 0500 |
|
BlytheRay (Financial PR)
Tim Blythe Megan Ray Will Jones
|
+44 (0)20 7138 3204 |
About Quantum Base
Quantum Base is a quantum science company creating a new global standard in authentication through its patented Q-ID solution - unbreakable and non-replicable authenticity tags that can be applied to a vast array of products, significantly mitigating counterfeiting.
The technology underpinning Q-IDs harnesses randomness at the atomic level, and this volume and variation ensure that there is virtually an infinite number of combinations that can be created. The Q-ID is practically impossible to replicate using even the most advanced available technology.
Q-IDs can be applied to almost any print line and can be entirely non-intrusive to a product's existing design, meaning that they can be utilised in a vast number of end markets. The authentication process to identify printed tags is undertaken using existing and unmodified smartphone technology, providing easy authentication and proven security for global brands, governments and consumers.