EMV Capital PLC (AIM: EMVC), the London-headquartered deep tech and life sciences venture capital investment group, has announced that CEO Ilian Iliev and Executive Director Ed Hooper have subscribed for a combined 238,406 new ordinary shares at 42.10p each, partly settling annual bonus obligations in equity rather than cash. Additionally, Ed Hooper and PDMR Nick Salisbury purchased a further 66,968 ordinary shares through their Self Invested Personal Pensions on 4 November 2026. The transactions represent a cluster of insider buying that investors in AIM-quoted growth companies often monitor as a signal of management conviction.

Key Points

  • EMV Capital PLC (EMVC) — AIM-quoted deep tech and life sciences VC investment group
  • CEO Ilian Iliev subscribed for 188,406 shares at £0.4210 each (£79,318.93); Ed Hooper subscribed for 50,000 shares (£21,050.00) in lieu of cash bonus payments
  • Admission of new subscription shares to AIM expected on or around 10 November 2026; enlarged issued share capital will total 28,205,938 ordinary shares
  • Investors may watch whether further insider transactions follow and how the enlarged share count affects voting rights calculations under FCA Disclosure Guidance and Transparency Rules

Iliev and Hooper Elect Shares Over Cash for 2025 Annual Bonus Settlement

The announcement states that directors Ilian Iliev and Ed Hooper chose to receive a proportion of their annual bonus for the year ended 31 December 2025 in the form of newly issued ordinary shares rather than cash. The subscription price of £0.4210 per share was determined by reference to the average closing market quotations over the five dealing days prior to the announcement date, in line with standard AIM practice. Iliev received 188,406 shares valued at £79,318.93, while Hooper received 50,000 shares valued at £21,050.00. The new shares will rank pari passu with existing ordinary shares upon admission.

Hooper and Salisbury Add to Holdings via Self Invested Personal Pension Purchases

Separately, on 4 November 2026, Ed Hooper acquired 60,000 ordinary shares through his Self Invested Personal Pension at a total cost of £25,312.40, with individual trades executed at prices ranging from £0.4175 to £0.4275 per share. PDMR Nick Salisbury purchased 6,968 shares at £0.4295 each, paying £2,992.76 in total. Both transactions were conducted on the UK AIM market and are disclosed under UK Market Abuse Regulation requirements. SIPP-based purchases indicate personal long-term investment decisions by individuals with managerial responsibilities at the company.

Post-Transaction Director Shareholdings in EMV Capital's Enlarged Share Capital

Following all transactions, CEO Ilian Iliev holds 4,201,652 ordinary shares, representing 14.90% of the enlarged issued share capital. Ed Hooper holds 490,000 shares (1.74%), Jonathan Robinson holds 233,737 shares (0.83%), and Charles Spicer holds 64,924 shares (0.23%). Upon admission of the subscription shares, the company's total issued ordinary share capital will stand at 28,205,938 shares, with no shares held in treasury. This figure also becomes the denominator shareholders must use when assessing notification obligations under FCA Disclosure Guidance and Transparency Rules.

EMV Capital's Deep Tech and Life Sciences Portfolio Model Underpins the Transactions

EMV Capital describes itself as an evergreen VC investment group focused on early-stage, IP-rich companies in deep tech and life sciences. The group generates returns through direct equity stakes, carried interest, management of the Evergreen EIS and Martlet Capital Funds, and syndicated investments. It maintains a Cambridge presence alongside its London headquarters and holds board-level positions in portfolio companies through its Value Creation Services practice. The bonus-in-shares mechanism reflects a capital-efficient approach consistent with the group's stated investment philosophy of aligning management interests with long-term value creation.