Applied Graphene Materials PLC Issue of share options to Directors (0015M)
25 April 2018 - 4:01PM
UK Regulatory
TIDMAGM
RNS Number : 0015M
Applied Graphene Materials PLC
25 April 2018
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
Issue of share options to Directors
Applied Graphene Materials announces that share options over
ordinary shares of 2 pence each in the Company were granted on 24th
April 2018 to the following Directors under the terms of the
Company's Non-Approved Executive Option Scheme
("Non-Approved"):
Name Number of shares subject to an Option exercise price per share Total number of options held under
Non-Approved option all schemes
Gareth Jones 585,265 GBPnil 585,265
Karl Coleman 45,673 GBPnil 73,616
The vesting of Non-Approved options is subject to the relative
performance of the Company's share price, compared to the FTSE AIM
All Share Index, for the period from the date of grant to November
2020.
In the event that the Company's share price performs better than
the FTSE AIM All Share Index for the performance period, then 25%
of the options will vest. Further vesting will be dependent upon
the extent to which the Company's share price outperforms the FTSE
AIM All Share Index, with full vesting arising for performance
exceeding the benchmark by 25%. Percentage vesting is weighted
towards the upper parts of the vesting scale. Performance will be
measured using the one month average Company share price and FTSE
AIM All Share Index values prior to the start and end of the
performance period.
Subject to vesting, the options would be exercisable in the
period between November 2020 and April 2028. Nil consideration is
payable in respect of either the grant or exercise of these
options.
Ends
For further information, please contact:
+44 (0) 1642
Applied Graphene Materials 438 214
--------------------------------------- -------------
Jon Mabbitt, Chief Executive Officer
--------------------------------------- -------------
Gareth Jones, Chief Financial Officer
--------------------------------------- -------------
+44 (0) 207
N+1 Singer 496 3000
--------------------------------------- -------------
Richard Lindley
--------------------------------------- -------------
James White
--------------------------------------- -------------
+44 (0) 207
Hudson Sandler 796 4133
--------------------------------------- -------------
Charlie Jack
--------------------------------------- -------------
Emily Dillon
--------------------------------------- -------------
Notes to Editors
Applied Graphene Materials was founded by Professor Karl Coleman
in 2010 with its operations and processes based on technology that
he initially developed at Durham University. The Group is based at
the Wilton Site on Teesside and was admitted to AIM in November
2013.
Applied Graphene Materials has developed a proprietary bottom-up
process which produces graphene nanoplatelets of consistently high
purity using a continuous process. The Group deploys two patent
protected manufacturing processes based on sustainable, readily
available raw materials. These processes do not rely on the supply
of graphite, unlike a number of other graphene production
techniques. Applied Graphene Materials owns the intellectual
property and know-how behind these processes.
Applied Graphene Materials works in partnership with its
customers using its knowledge and expertise to provide bespoke
graphene dispersions and formats to deliver enhancements and
benefits for a wide range of applications.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name Gareth Hywel Jones
---- ------------------------------ -------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- ------------------------------ -------------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------------
a) Name Applied Graphene Materials
plc
---- ------------------------------ -------------------------------------
b) LEI 213800OA661EWZOW5253
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB00BFSSB742
code
b) Nature of the Grant of options over ordinary
transaction shares
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBPnil 585,265
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 24 April 2018
---- ------------------------------ -------------------------------------
f) Place of the transaction Off market
---- ------------------------------ -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name Karl Stuart Coleman
---- ------------------------------ -------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------
a) Position/status Chief Scientific Officer
---- ------------------------------ -------------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------------
a) Name Applied Graphene Materials
plc
---- ------------------------------ -------------------------------------
b) LEI 213800OA661EWZOW5253
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB00BFSSB742
code
b) Nature of the Grant of options over ordinary
transaction shares
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBPnil 45,673
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 24 April 2018
---- ------------------------------ -------------------------------------
f) Place of the transaction Off market
---- ------------------------------ -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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