Forward Partners Group PLC LTIP Awards and Director's Dealing (1000F)
November 02 2022 - 10:00AM
UK Regulatory
TIDMFWD
RNS Number : 1000F
Forward Partners Group PLC
02 November 2022
Forward Partners Group plc
("Forward Partners" or "the Group")
LONG TERM INCENTIVE PLAN AWARDS AND DIRECTOR'S DEALING
Forward Partners Group plc (LSE: FWD), the London-based
investment firm specialising in supporting high growth, early-stage
technology businesses, confirms that it has granted Lloyd Smith,
who joined the Company in March 2022, a total of 155,946 options
over ordinary shares in the capital of the Company (the "Options")
pursuant to the Company's 2022 Long Term Incentive Plan (the
"LTIP"), as part of a wider grant of options under the LTIP to
certain employees of the Group.
Vesting of the Options is subject to the achievement of
performance conditions linked to shareholder returns and target
portfolio exits, and continued employment. The Options are
exercisable at a nominal value (GBP0.01) and will vest in tranches
over the period to 19 July 2024.
The notification below, made in accordance with the requirements
of UK MAR, provides further detail on the grant of Options.
ENDS
Enquiries
Forward Partners Group plc via H/Advisors Maitland
Nic Brisbourne, Chief Executive
Officer
Liberum Capital Limited Tel: +44 20 3100 2222
(Nominated Adviser and Broker)
Neil Patel
Lauren Kettle
Cara Murphy
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H/Advisors Maitland forwardpartners@h-advisors.global
(Financial PR) Tel: +44 (0) 207 379 5151
Sam Turvey
Alistair de Kare-Silver
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About Forward Partners
Founded in 2013, Forward Partners is an established and
respected London-based venture capital firm, specialising in
supporting high growth, early-stage technology businesses in the
UK.
The Group brings together venture capital provider Forward
Ventures, equity-free revenue-based financing through Forward
Advances and highly specialised growth support from Forward Studio.
This model supports founders to build stronger businesses faster to
provide better outcomes for companies and investors alike.
The Group makes equity investments in early-stage, high growth
UK companies, and from inception to its admission to London's AIM
market in July 2021 had made over 60 unique investments and built a
portfolio with an Initial Portfolio NAV in excess of GBP90m. It
holds a nine-year track record of making venture capital
investments, and targets underlying NAV growth of 20% per annum
over the cycle.
The management team brings together highly experienced venture
capitalists, entrepreneurs, and expert consultants. Since 2015,
Forward Partners has been backed by BlackRock, one of the largest
institutional investors in the world. The Group receives over 4,000
start-up funding applications every year.
For more information, visit https://forwardpartners.com
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lloyd Smith
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2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status CFO
------------------------------------------ --------------------------------------------
b) Initial notification/Amendment Initial
------------------------------------------ --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name Forward Partners Group plc
------------------------------------------ --------------------------------------------
b) LEI 213800G3LF6776Y7IY64
------------------------------------------ --------------------------------------------
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 Options over ordinary shares of one
financial instrument, penny each
type of instrument
------------------------------------------ --------------------------------------------
Identification code GB00BKPGBB09
------------------------------------------ --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
------------------------------------------ --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ ------------------- --------------------
1 pence 155,946
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d) Aggregated information
---------------------------------------------------------------- ----------------------
- Aggregated volume N/A
------------------------------------------ -------------------------------------------------
- Price
---------------------------------------------------------------- ---------------------------
e) Date of the transaction 1 November 2022
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f) Place of the transaction Off-market transaction
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END
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