Ilika plc
("Ilika", the "Group", or the "Company")
Result of AGM & Award of Executive Share Options
Ilika (AIM: IKA), an independent global expert in solid-state battery technology, announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
The results of the proxy voting for the AGM are set out below:
| Resolution | Total votes For | % of votes cast | Total votes Against | % of votes cast | Votes Withheld |
| 1. To receive and adopt the audited accounts of the Company for the financial year ended 30 April 2024, together with the Directors' and Auditor's Reports in respect of such accounts | 72,990,706 | 95.46% | 3,334,350 | 4.36% | 136,257 |
| 2. To re-elect Keith Jackson a director of the Company who retires by rotation in accordance with Article 111 of the Company's articles of association | 76,105,009 | 99.53% | 239,492 | 0.31% | 116,812 |
| 3. To re-elect Jeremy Millard a director of the Company who retires by rotation in accordance with Article 111 of the Company's articles of association | 76,065,971 | 99.48% | 278,531 | 0.36% | 116,811 |
| 4. To re-elect Monika Biddulph a director of the Company | 76,111,740 | 99.54% | 239,136 | 0.31% | 110,437 |
| 5. To re-elect Graeme Purdy a director of the Company | 76,110,497 | 99.54% | 237,479 | 0.31% | 113,337 |
| 6. To re-elect Jason Stewart a director of the Company | 76,129,519 | 99.57% | 219,956 | 0.29% | 111,838 |
| 7. To approve the Directors' Remuneration Policy, the full text of which is contained in the Directors' Remuneration Report for the financial year ended 30 April 2024 | 75,923,204 | 99.30% | 368,383 | 0.48% | 169,726 |
| 8. To re-appoint BDO LLP as auditors to the Company, to hold office until the conclusion of the next general meeting at which accounts are laid before the Company, and to authorise the directors to determine their remuneration | 76,214,303 | 99.68% | 125,192 | 0.16% | 121,818 |
| 9. Allotment of shares | 75,806,497 | 99.14% | 511,450 | 0.67% | 143,366 |
| 10. Special resolution: Allotment of equity securities | 75,788,217 | 99.12% | 513,629 | 0.67% | 159,467 |
Grant of Options
The Company also announces that on 24 September 2024 it granted nominal value options over 391,803 ordinary shares of 1p each in the Company ("Ordinary Shares") to Executive Directors under the Company's deferred Bonus Scheme in lieu of a cash payment.
The options granted represent in aggregate 0.23% per cent of the Company's existing issued ordinary share capital.
The options were awarded as part of the Company's Bonus Scheme where 50% is payable as cash and 50% is deferred into options for one year, subject to continued employment.
| Director / PDMR | Number of options granted | Total number of Options held post grant | Percent of current issued share capital (%) |
| Graeme Purdy | 288,143 | 2,992,429 | 1.79% |
| Jason Stewart | 103,660 | 774,004 | 0.46% |
Graeme Purdy, CEO, holds 836,498 Ordinary shares representing 0.5% of current issued share capital. Jason Stewart, CFO, holds 7,143 Ordinary shares representing 0.0% of current issued share capital.
| For more information contact: | | |
| Ilika plc | ||
| Graeme Purdy, Chief Executive | Via Walbrook PR | |
| Jason Stewart, Chief Financial Officer | | |
| | | |
| | | |
| Panmure Liberum Limited (Nomad and Joint Broker) | Tel: 020 3100 2000 | |
| Andrew Godber, John More, | | |
| Nikhil Varghese, Josh Borlant | | |
| | | |
| | | |
| Joh. Berenberg, Gossler & Co. KG (Joint Broker) | Tel: 020 3207 8700 | |
| Mark Whitmore, Detlir Elezi, | | |
| Natasha Ninkov | | |
| | | |
| | | |
| Walbrook PR Ltd | Tel: 020 7933 8780 / Ilika@walbrookpr.com | |
| Nick Rome, Charlotte Edgar, Joe Walker | Mob: 07748 325 236 | |
About Ilika plc - https://www.ilika.com
Ilika specialises in the developing and commercialisation of solid-state batteries. The Company's mission is to rapidly develop leading-edge IP, manufacture and license solid state batteries for markets that cannot be addressed with conventional batteries due to their safety, charge rates, energy density and life limits. The Company achieves this by using ceramic-based lithium-ion technology that is inherently safe in manufacture and usage, higher thermal tolerance and easier to recycle which differentiates our products from existing batteries.
The Company has two product lines. Its Stereax batteries which are designed for powering miniature medical implants, industrial wireless sensors and specialist internet of Things (IoT) applications and the Goliath large format batteries designed for EV cars and cordless appliances.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
| Graeme Purdy
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| 2
| Reason for the notification
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| a)
| Position/status
| Chief Executive Officer | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| a)
| Name
| Ilika plc
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| b)
| LEI
| 213800TMDNIE3Z8XXD26
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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
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| a)
| Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each | |||
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| Identification code | GB00B608Z994 | ||||
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| b)
| Nature of the transaction
| Grant of share options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1p | 288,143 | | |
| | | | | | |
| d)
| Aggregated information | Not Applicable - Single Transaction | |||
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| - Aggregated volume | | ||||
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| - Price | | ||||
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| e)
| Date of the transaction
| 24 September 2024 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Jason Stewart
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| 2
| Reason for the notification
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| a)
| Position/status
| Chief Financial Officer | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Ilika plc
| |||
| b)
| LEI
| 213800TMDNIE3Z8XXD26
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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 | Ordinary shares of 1 pence each | |||
| | | ||||
| Identification code | GB00B608Z994 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of share options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1p | 103,660 | | |
| | | | | | |
| d)
| Aggregated information | Not Applicable - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
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| e)
| Date of the transaction
| 24 September 2024 | |||
| f)
| Place of the transaction
| Off market | |||
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