Alkemy Capital Investments PLC Grant of Options (8525U)
04 August 2022 - 5:00PM
UK Regulatory
TIDMALK
RNS Number : 8525U
Alkemy Capital Investments PLC
04 August 2022
4 August 2022
Alkemy Capital Investments Plc
Grant of Options
Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) is pleased
to announce that further to its announcement earlier today it has
granted 590,000 share options at GBP1 per share, for a period of 5
years, to further align Directors and senior management with
shareholders.
The share options will vest one-third immediately, one-third
following completion of construction finance for train 1 of TVL's
processing facility in Teesside, and one-third following
commissioning of train 1 of TVL's processing facility.
In addition the share options will only be exerciseable if the
share price of the Company is in excess of GBP5 per share for 10
consecutive days.
The grant of share options to directors is set out below:
Options Exercise Price Term
Paul Atherley (Chairman) 175,000 GBP1.00 5 years
-------- --------------- --------
Sam Quinn (Director) 140,000 GBP1.00 5 years
-------- --------------- --------
Helen Pein (Director) 75,000 GBP1.00 5 years
-------- --------------- --------
Further information
For further information, please visit the Company's website:
www.alkemycapital.co.uk or www.teesvalleylithium.co.uk
-Ends-
Alkemy Capital Investments Plc Tel: 0207 317 0636
Sam Quinn info@alkemycapital.co.uk
Buchanan Tel: 0207 466 5000
Bobby Morse/Abigail Gilchrist TVL@buchanan.uk.com
VSA Capital Limited Tel: 0203 005 5000
Andrew Monk (corporate broking) amonk@vsacapital.com
Andrew Raca (corporate finance) araca@vsacapital.com
Shard Capital Partners LLP
Damon Heath Tel: 0207 186 9952
damon.heath@shardcapital.com
Isabella Pierre Tel: 0207 186 9927
isabella.pierre@shardcapital.com
NOTES TO EDITORS
Alkemy is seeking to develop, construct and operate the world's
leading independent and sustainable lithium hydroxide production
facility.
Alkemy, through its wholly-owned subsidiary Tees Valley Lithium,
has secured exclusivity to negotiate an option to lease over a
9.6ha brownfields site at the Wilton International Chemicals Park
located in Teesside, a major UK Freeport.
Alkemy has completed a Class 4 Feasibility Study for its
proposed lithium hydroxide facility to process feedstock imported
from various sources to produce 96,000 tonnes of premium,
low-carbon lithium hydroxide annually, representing around 15% of
Europe's projected demand.
Forward Looking Statements
This news release contains forward--looking information. The
statements are based on reasonable assumptions and expectations of
management and Alkemy provides no assurance that actual events will
meet management's expectations. In certain cases, forward--looking
information may be identified by such terms as "anticipates",
"believes", "could", "estimates", "expects", "may", "shall",
"will", or "would". Although Alkemy believes the expectations
expressed in such forward--looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions as to how to develop the project, process the materials
and exercise the options in respect of the lease, which may include
changes in market conditions, changes in metal prices, general
economic and political conditions, environmental risks, and
community and non-governmental actions. Such factors will also
affect whether Alkemy will ultimately receive the benefits
anticipated pursuant to relevant agreements. This list is not
exhaustive of the factors that may affect any of the
forward--looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
forward-looking information.
The Notification of Dealing Form provided in accordance with the
requirements of the Market Abuse Regulation in relation to the
transaction listed above is set out below.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Paul Atherley
2. Sam Quinn
3. Helen Pein
------------------------------ -----------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status 1. Chairman
2. Director
3. Director
------------------------------ -----------------------------------------------------
b) Initial notification Intial Notification
/Amendment
------------------------------ -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Alkemy Capital Investments PLC
------------------------------ -----------------------------------------------------
b) LEI 213800NW5GVIRMXSRL48
------------------------------ -----------------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares
financial instrument,
type of instrument
Identification code GB00BMD6C023
b) Nature of the transaction Grant of Share Options subject to
vesting conditions and only be exerciseable
if the share price of the Company's
ordinary shares is in excess of GBP5
per share for 10 consecutive days.
------------------------------ -----------------------------------------------------
c) Price(s) and volume(s)
---------------------------- ------------
Excersie Price(s) Volume(s)
---------------------------- ------------
1. 1.00 175,000
2. 1.00 140,000
3. 1.00 75,000
---------------------------------------------------------------------- ------------
d) Aggregated information
- Aggregated volume N/A
- Price GBP1.00
e) Date of the transaction 03/08/2022
------------------------------ -----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ -----------------------------------------------------
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