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Satsuma Technology PLC granted options on 14 December 2025 to Henry Elder for 560,195,010 Ordinary Shares and to Andrew Smith for 168,058,503 Ordinary Shares, vesting over four years with exercise prices of £0.01 and £0.02 per share. Additionally, the company allotted and issued 50,000,000 Ordinary Shares to Henry Elder on 18 December 2025 at £0.002 per share following a loan note conversion.
| Date | 19 Dec 2025 |
| Time | 07:00:08 |
| Category | Director/PDMR dealings |
| ID | 2125M |
19 December 2025
Satsuma Technology PLC
('Satsuma' or the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")
Satsuma Technology PLC (LSE: SATS) announces that the Company has granted options to each of Henry Elder and Andrew Smith, in accordance with the terms of the Satsuma Technology PLC (Employees) Share Option Plan, to subscribe for 560,195,010 Ordinary Shares and 168,058,503 new Ordinary Shares respectively, vesting equally over 4 years, at an exercise price of (i) £0.01 per Ordinary Share for those options vesting on the first and second anniversary from the date of the grant, and (ii) £0.02 per Ordinary Share for those options vesting on the third and fourth anniversary from the date of the grant.
In addition, further to the conversion of the loan notes as announced on 17 December 2025, the Company has allotted and issued 50,000,000 Ordinary Shares to Henry Elder on 18 December 2025.
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities under UK MAR
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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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Henry Elder |
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2
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Reason for the notification
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a)
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Position/status
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PDMR - CEO |
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b)
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Initial notification /Amendment
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Initial |
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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
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Satsuma Technologies PLC |
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b)
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LEI
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984500FV43C9G16DK633 |
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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
Identification code
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Ordinary Shares of £0.001 each
GB00BMFCRZ80 |
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b)
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Nature of the transaction
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Grant of options to subscribe for Ordinary Shares
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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
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14 December 2025
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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
|
|||||
|
a)
|
Name
|
Henry Elder |
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|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR - CEO |
||||
|
b)
|
Initial notification /Amendment
|
Initial |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Satsuma Technologies PLC |
||||
|
b)
|
LEI
|
984500FV43C9G16DK633 |
||||
|
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 £0.001 each
GB00BMFCRZ80 |
||||
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b)
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Nature of the transaction
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Issue of new Ordinary Shares following conversion of the convertible loan notes
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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
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18 December 2025
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f)
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Place of the transaction |
London Stock Exchange |
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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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Andrew Smith |
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2
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Reason for the notification
|
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a)
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Position/status
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PDMR - CFO |
||||
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b)
|
Initial notification /Amendment
|
Initial |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Satsuma Technologies PLC |
||||
|
b)
|
LEI
|
984500FV43C9G16DK633 |
||||
|
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 £0.001 each
GB00BMFCRZ80 |
||||
|
b)
|
Nature of the transaction
|
Grant of options to subscribe for Ordinary Shares
|
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|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information - Aggregated volume - Price |
N/A
|
||||
|
e)
|
Date of the transaction
|
14 December 2025
|
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f)
|
Place of the transaction |
Outside a trading venue |
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Satsuma Technology PLC Henry K. Elder, CEO Data Counsel Steffan Williams William Barker |
+44 (0)20 3855 8888
+44 (0)7767 345 563 +44 (0)7534 068 657 |