6 November 2026
Raspberry Pi Holdings plc
("the Company" or "Raspberry Pi")
Confirmation of Directorate Change
Grant of LTIP
Raspberry Pi (LSE: RPI), a leader in high-performance, low-cost computing, confirms a directorate change and announces the grant of awards to the PDMR under the Company's Long-Term Incentive Plan (the "LTIP") as detailed below.
Directorate Change
Further to the announcement of 6 July 2026, Raspberry Pi confirms that Timothy Powell, who joined the Company as Chief Financial Officer on 16 October 2026, was appointed to the Board as an Executive Director on 30 October 2026, the date on which Richard Boult stepped down from the Board.
There are no further matters requiring disclosure under UK Listing Rule 6.4.8R.
Grant of LTIP
Awards over a total of 94,398 ordinary shares in the Company have been granted to Timothy Powell (CFO) as set out below. These are in the form of options over shares with a nominal value exercise price of £0.0025 per share (the "LTIP Awards").
The vesting of the LTIP Awards is subject to continued employment and the satisfaction of performance conditions assessed over the three financial years ending 31 December 2028.
The LTIP Awards are expected to vest on 14 April 2029. The LTIP Awards granted to Timothy Powell are subject to a two-year holding period after vesting, following the expiration of which they may be exercised.
Share awards to the CFO are significantly within our dilution limits headroom. They are also in line with our proposed remuneration policy for executive directors. Awards have been calculated using a 90 calendar day average share price of £6.1206 and have a value of £578k.
PDMR | Number of ordinary shares subject to LTIP Award |
Timothy Powell - Chief Financial Officer | 94,398 |
Announcement authorised for release by Carol Copland, Company Secretary.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Timothy Powell | ||||
2 | Reason for the notification | |||||
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 | Raspberry Pi Holdings plc | ||||
b) | LEI | 984500F5FB0E4FEBED17 | ||||
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 Identification code | Ordinary shares of £0.0025 each ISIN: GB00BS3DYQ52 | ||||
b) | Nature of the transaction | Grant of LTIP award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2nd November 2026 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
- ENDS -
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Notes to Editor Headquartered in Cambridge, UK, Raspberry Pi's mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of enthusiasts and engineers all over the world. Raspberry Pi is a full-stack engineering organisation, with research and development capabilities spanning the entire value chain, from semiconductor IP development, through semiconductor and electronic product design to software engineering and regulatory compliance. The high performance, low cost, and physical robustness of Raspberry Pi products make them suitable for a wide range of applications, across three distinct markets: Industrial and Embedded, Enthusiast and Education and Semiconductors. To date, over 77 million units have been sold. |
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