Draper Esprit PLC Director/PDMR Shareholding (1828H)
December 01 2020 - 10:44AM
UK Regulatory
TIDMGROW
RNS Number : 1828H
Draper Esprit PLC
01 December 2020
DRAPER ESPRIT PLC
("Draper Esprit" or the "Company")
Dealings by Persons Discharging Managerial Responsibility
("PDMR")
Draper Esprit PLC (AIM: GROW, ESM: GRW), a leading venture
capital firm investing in and developing high growth digital
technology businesses, announces that Ben Wilkinson, Chief
Financial Officer, made the following notification relating to the
exercise of options over 349,296 ordinary shares of GBP0.01 each in
the capital of the Company ("Ordinary Shares"). The notification
set out below, which was made in accordance with the requirements
of Article 19 of the Market Abuse Regulation, provides further
details of such dealing.
Following this transaction, Mr. Wilkinson retains 8,475 Ordinary
Shares and options over 417,558 Ordinary Shares.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ben Wilkinson
--------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position / status Chief Financial Officer (Director and PDMR)
--------------------------- ------------------------------------------------
b) Initial notification Initial
/ amendment
--------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Draper Esprit plc
--------------------------- ------------------------------------------------
b) LEI 213800IPCR3SAYJWSW10
--------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of GBP0.01 each.
the financial instrument,
type of instrument ISIN: GB00BY7QYJ50
Identification
code
--------------------------- ------------------------------------------------
b) Nature of the transaction The trustee of the Draper Esprit plc Employee
Benefit Trust has agreed to transfer 8,450
Ordinary Shares to the PDMR following the
exercise of options by the PDMR under the
Draper Esprit plc Company Share Option Plan,
following which the PDMR has agreed to sell
such shares.
Surrender of 340,846 options granted under
the Draper Esprit plc Company Share Option
Plan in exchange for a payment by Draper
Esprit plc of GBP956,425.26 to the PDMR.
The market price per Ordinary Share upon
which these transactions have been calculated
was GBP6.52, being the volume weighted average
price of an Ordinary Share on 30 November
2020.
--------------------------- ------------------------------------------------
c) Price(s) and volume(s) Transfer and sale: 8,450 Ordinary Shares
with an exercise price of GBP3.55 per Ordinary
Share and sale price of GBP6.52 per Ordinary
Share.
Surrender: 166,198 Ordinary Shares with
an exercise price of GBP3.55 per Ordinary
Share and 174,648 Ordinary Shares with an
exercise price of GBP3.87 per Ordinary Share,
in exchange for an aggregate payment of
GBP956,425.26 Draper Esprit plc to the PDMR.
--------------------------- ------------------------------------------------
d) Aggregated information N/A - single transaction.
- Aggregated volume
- Price
--------------------------- ------------------------------------------------
e) Date of the transaction 1 December 2020.
--------------------------- ------------------------------------------------
f) Place of the transaction Transfer and sale - London Stock Exchange.
Surrender - outside a trading venue.
--------------------------- ------------------------------------------------
Enquiries
Draper Esprit plc
Martin Davis (Chief Executive
Officer)
Ben Wilkinson (Chief Financial
Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint Broker
Simon Willis
Richard Thomas
Jamie Loughborough +44 (0)20 7260 1000
Goodbody Stockbrokers
Euronext Growth Adviser & Joint
Broker
Don Harrington
Charlotte Craigie
Dearbhla Gallagher +44 (0) 20 3841 6202
Powerscourt
Public relations
Elly Williamson +44 (0)7970 246 725 / +44 (0)7961
Donjeta Miftari 628 862
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