Equipmake Holdings PLC Exercise of Options (5985T)
November 15 2023 - 10:01AM
UK Regulatory
TIDMEQIP
RNS Number : 5985T
Equipmake Holdings PLC
15 November 2023
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").
15 November 2023
Equipmake Holdings plc
("Equipmake" or the "Company")
Exercise of Options
Equipmake, the UK-based engineering specialist pioneering the
development and production of electrification products across the
automotive, aerospace, bus, and coach industries, announces that it
has received notice to exercise options from Jasmine Bishop, a
Person Closely Associated ("PCA") to Equipmake Executive Director,
James Bishop , to subscribe for a total of 2,775,132 new ordinary
shares of GBP0.0001 per share ("Option Shares") (the "Exercise").
These share options were due to expire on 25 November 2031.
The 2,775,132 Option Shares were exercised at GBP0.0001 each and
the total proceeds from the Exercise are GBP277.51.
Following the Exercise Jasmine Bishop's interest in Ordinary
Shares, including her PCA's interest is 3,951,602 Ordinary Shares,
representing 0.42% of the Company's issued share capital, with
voting rights.
Application for Admission
Application has been made for the Option Shares to be admitted
to trading on the Aquis Apex exchange ("Admission") and dealings
are expected to commence on or around 16 November 2023. The Option
Shares will rank pari passu in all respects with the Company's
existing Ordinary Shares.
Total voting rights
Following Admission, the Company will have 951,004,541 Ordinary
Shares in issue. The Company has no shares in treasury, therefore
the figure of 951,004,541 Ordinary Shares should be used by
shareholders for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The notifications below are made in accordance with the
requirements of the Market Abuse Regulations.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Jasmine Bishop
------------------------------------------------------------ -------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------------
a) Position / status PCA to James Bishop, 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 Equipmake Holdings plc
------------------------------------------------------------ -------------------------------------------
b) LEI 213800NY1WGJ26E4HB59
------------------------------------------------------------ -------------------------------------------
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 Ordinary shares of GBP0.0001 each
Identification code ISIN: GB00BMBVXB73
------------------------------------------------------------ -------------------------------------------
b) Nature of the transaction Exercise of options over Ordinary Shares
------------------------------------------------------------ -------------------------------------------
c) Price(s) and volume(s) Exercise price GBP0.0001, volume 2,775,132
------------------------------------------------------------ -------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price
------------------------------------------------------------ -------------------------------------------
e) Date of the transaction 10 November 2023
------------------------------------------------------------ -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------ -------------------------------------------
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Tel: +44 (0) 20 7886
Broker) 2500
John Prior / James Sinclair-Ford / Freddie
Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker) Tel: +44 (0) 20 3005
Simon Barton / Simba Khatai / Alex Cabral 5000
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236
Susie Geliher / Paul Dulieu 1177
equipmake@stbridespartners.co.uk
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the
development and production of electrification products to meet the
needs of the automotive, aerospace and other sectors in support of
the transition from fossil-fuelled to zero-emission
powertrains.
Equipmake is a leader in ultra-high performance electric motors
and complete EV drivetrains and ultra-fast power electronic
systems. As well as developing proprietary technology - such as an
ultra-compact, lightweight high performance spoke motor - it also
offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution
providing fully bespoke solutions. The Company has built a
significant pipeline of opportunities, as demand for electric
vehicles increases as part of the global decarbonisation
movement.
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