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Raspberry Pi Holdings plc announced on 17 June 2024 that on 11 June 2024, several Persons Discharging Managerial Responsibilities (PDMRs) were granted awards under the Company's 2024 Long Term Incentive Plan. Executive Directors Eben Upton and Richard Boult received 529,512 and 540,267 market value options respectively, while PDMRs Michael Buffham, Gordon Hollingworth, and James Adams received 132,434, 264,868, and 264,868 market value options each. PDMR Carol Copland was granted 253,773 nil-cost options, with market value options having an exercise price of £2.80 per share and all awards vesting on the third anniversary of the grant date.
| Date | 17 Jun 2024 |
| Time | 17:09:38 |
| Category | Director/PDMR dealings |
| ID | 7634S |
17 June 2024
Raspberry Pi Holdings plc
("Raspberry Pi" or "the Company")
LEI: 984500F5FB0E4FEBED17
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRS") AND PERSONS CLOSELY ASSOCIATED WITH THEM
GRANTS UNDER THE RASPBERRY PI 2024 LONG TERM INCENTIVE PLAN ("LTIP")
The Company announces that on 11 June 2024 the following PDMRS were granted awards under the Company's LTIP. Details of the awards are set out below.
The awards were granted in the form of market value options and nil-cost options and will vest, subject to continued employment, on the third anniversary of the grant date. No consideration was paid for any of the awards. The following amounts are payable upon exercise of the awards:
1) market value options, a per share exercise price of £2.80;
2) nil-cost options, no consideration.
Summary of awards
|
Director / PDMR |
Number of shares in market value option |
|
Eben Upton |
529,512 |
|
Richard Boult |
540,267 |
|
Michael Buffham |
132,434 |
|
Gordon Hollingworth |
264,868 |
|
James Adams |
264,868 |
|
PDMR |
Number of shares in nil-cost option |
|
Carol Copland |
253,773 |
Announcement authorised for release by Carol Copland, Company Secretary.
This announcement is made in accordance with the requirements of the FCA's DTR Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Eben Upton |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Director |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Raspberry Pi Holdings plc |
||||
|
b) |
LEI |
984500F5FB0E4FEBED17 |
||||
|
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 £0.0025
ISIN: GB00BS3DYQ52 |
||||
|
b) |
Nature of transaction |
Grant under the LTIP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
529,512 Nil-consideration |
||||
|
e) |
Date of the transaction |
11 June 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Richard Boult |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Director |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Raspberry Pi Holdings plc |
||||
|
b) |
LEI |
984500F5FB0E4FEBED17 |
||||
|
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 £0.0025
ISIN: GB00BS3DYQ52 |
||||
|
b) |
Nature of transaction |
Grant in relation to the LTIP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
540,267 Nil-consideration |
||||
|
e) |
Date of the transaction |
11 June 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Michael Buffham |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Raspberry Pi Holdings plc |
||||
|
b) |
LEI |
984500F5FB0E4FEBED17 |
||||
|
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 £0.0025
ISIN: GB00BS3DYQ52 |
||||
|
b) |
Nature of transaction |
Grant in relation to the LTIP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
132,434 Nil-consideration |
||||
|
e) |
Date of the transaction |
11 June 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Gordon Hollingworth |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Raspberry Pi Holdings plc |
||||
|
b) |
LEI |
984500F5FB0E4FEBED17 |
||||
|
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 £0.0025
ISIN: GB00BS3DYQ52 |
||||
|
b) |
Nature of transaction |
Grant in relation to the LTIP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
264,868 Nil-consideration |
||||
|
e) |
Date of the transaction |
11 June 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
James Adams |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Raspberry Pi Holdings plc |
||||
|
b) |
LEI |
984500F5FB0E4FEBED17 |
||||
|
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 £0.0025
ISIN: GB00BS3DYQ52 |
||||
|
b) |
Nature of transaction |
Grant in relation to the LTIP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
264,868 Nil-consideration |
||||
|
e) |
Date of the transaction |
11 June 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Carol Copland |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Raspberry Pi Holdings plc |
||||
|
b) |
LEI |
984500F5FB0E4FEBED17 |
||||
|
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 £0.0025
ISIN: GB00BS3DYQ52 |
||||
|
b) |
Nature of transaction |
Grant in relation to the LTIP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
253,773 Nil-consideration |
||||
|
e) |
Date of the transaction |
11 June 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
For more information, please contact:
|
Alma Strategic Communications (Public Relations adviser to Raspberry Pi) |
T: +44 (0)203 405 0205 |
|
Josh Royston, Andy Bryant, Caroline Forde, Hannah Campbel |
|
|
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|
|
Joint Global Co-ordinators, Joint Sponsors and Joint Bookrunners |
|
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|
|
|
Jefferies International Limited |
T: +44 (0)207 029 8000 |
|
Sam Dean, Sam Barnett, Nandan Shinkre, Aditi Venkatram |
|
|
|
|
|
Peel Hunt LLP |
T: +44 (0) 207 418 8900 |
|
Neil Patel, Kate Bannatyne, Sohail Akbar, Jock Maxwell Macdonald
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