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On 14 April 2026, Raspberry Pi Holdings plc granted Long-Term Incentive Plan (LTIP) awards over a total of 712,119 ordinary shares to three PDMRs. These awards consisted of 278,655 shares for Eben Upton, 216,732 shares for Carol Copland, and 216,732 shares for Mike Buffham, with an exercise price of £0.0025 per share. The awards are subject to performance conditions and continued employment, with an expected vesting date of 14 April 2029.
| Date | 20 Apr 2026 |
| Time | 07:00:07 |
| Category | Director/PDMR dealings |
| ID | 0024B |
20 April 2026
Raspberry Pi Holdings plc
("the Company" or "Raspberry Pi")
Grant of LTIP
Raspberry Pi (LSE: RPI), a leader in high-performance, low-cost computing, announces the grant of awards to PDMRs under the Company's Long-Term Incentive Plan (the "LTIP") as detailed below.
Awards over a total of 712,119 ordinary shares in the company have been granted to PDMRs as set out below. These are in the form of options over shares with a nominal value exercise price of £0.0025 per share (the "LTIP Awards").
The vesting of the LTIP Awards is subject to continued employment and the satisfaction of performance conditions assessed over the three financial years ending 31 December 2028.
The LTIP Awards are expected to vest on 14 April 2029. The LTIP Award granted to Eben Upton (CEO) is subject to a two-year holding period after vesting, following the expiration of which they may be exercised. The LTIP Awards granted to other participants may be exercised from the point of vesting.
Share awards to the CEO (Eben Upton) and the other members of senior management are significantly within our dilution limits headroom. For the executive directors they are also in line with our proposed remuneration policy. Awards have been calculated using a 90-calendar day average share price of £3.426 and have a value of £955k for the CEO and £743k each for the two other PDMRs.
|
PDMR |
Number of ordinary shares subject to LTIP Award |
|
Eben Upton - Chief Executive Officer |
278,655 |
|
Carol Copland - General Counsel and Company Secretary |
216,732 |
|
Mike Buffham - Chief Commercial Officer |
216,732 |
Announcement authorised for release by Carol Copland, Company Secretary.
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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 |
Eben Upton |
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2
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Reason for the notification |
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a)
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Position/status |
Chief Executive Officer |
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b)
|
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)
|
Name
|
Raspberry Pi Holdings plc |
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b)
|
LEI
|
984500F5FB0E4FEBED17 |
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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)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of £0.0025 each
ISIN: GB00BS3DYQ52 |
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b)
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Nature of the transaction
|
Grant of LTIP award |
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c)
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Price(s) and volume(s)
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|
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d)
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Aggregated information
- Aggregated volume - Price |
N/A
|
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e)
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Date of the transaction
|
14 April 2026 |
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f)
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Place of the transaction |
Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
|
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a)
|
Name
|
Carol Copland |
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2
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Reason for the notification
|
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a)
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Position/status |
General Counsel and Company Secretary |
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b)
|
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)
|
Name
|
Raspberry Pi Holdings plc |
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b)
|
LEI
|
984500F5FB0E4FEBED17 |
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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 each
ISIN: GB00BS3DYQ52 |
||||
|
b)
|
Nature of the transaction
|
Grant of LTIP award |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume - Price |
N/A
|
||||
|
e)
|
Date of the transaction
|
14 April 2026 |
||||
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f)
|
Place of the transaction
|
Outside a trading venue |
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|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Mike Buffham |
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2
|
Reason for the notification
|
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a)
|
Position/status |
Chief Commercial Officer |
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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 each
ISIN: GB00BS3DYQ52 |
||||
|
b)
|
Nature of the transaction
|
Grant of LTIP award |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume - Price |
N/A
|
||||
|
e)
|
Date of the transaction
|
14 April 2026 |
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|
f)
|
Place of the transaction
|
Outside a trading venue |
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- ENDS -
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For more information, please contact:
Notes to Editor Headquartered in Cambridge, UK, Raspberry Pi's mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of enthusiasts and engineers all over the world.
Raspberry Pi is a full-stack engineering organisation, with research and development capabilities spanning the entire value chain, from semiconductor IP development, through semiconductor and electronic product design to software engineering and regulatory compliance. The high performance, low cost, and physical robustness of Raspberry Pi products make them suitable for a wide range of applications, across three distinct markets: Industrial and Embedded, Enthusiast and Education and Semiconductors. To date, over 73 million units have been sold. |
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