TIDMVLS

RNS Number : 8768P

Velocys PLC

23 June 2022

Velocys plc

("Velocys" or "the Company")

23 June 2022

Grant of Share Option to Director

Velocys plc (VLS.L), the sustainable fuels technology company, today announces that, on 22 June 2022, Philip Sanderson, Chief Financial Officer and a Director of the Company, was granted options ("Commencement Award") under the Velocys 2021 Share Option Scheme over the Company's GBP0.01 Ordinary shares ("Ordinary Shares"). The Commencement Award has been made under the Rules of the Velocys 2021 Share Option Scheme as follows:

 
 Name of Director    Type of share     Number     Exercise     Vesting/     Number of share 
                         option        of share     price      Exercise      options as % of 
                                       options                   (See        present issued 
                                       granted                note below)     share capital 
                     Commencement 
 Philip Sanderson     Award           5,000,000   GBP0.045      Note 1           0.36% 
                    ---------------  ----------  ---------  -------------  -----------------

Following this notification, Philip Sanderson is interested in nil Ordinary Shares and Options over 5,000,000 Ordinary Shares of the Company, together representing 0.36% of the present issued share capital of the Company.

The above option is subject to terms for Malus and Clawback and may not in any event be exercised later than the day immediately preceding the tenth anniversary of the date of grant.

Note 1: The Commencement Award vests on a time basis as to one third per annum on the 1st, 2nd and 3rd anniversaries of the date of grant.

- END -

Enquiries:

 
 Velocys 
  Henrik Wareborn, CEO 
  Philip Sanderson, CFO 
  Lak Siriwardene, Director of Communications 
  & Sustainability                               +44 1865 800821 
 
 Panmure Gordon (UK) Limited (Nomad and Joint 
  Broker) 
  Emma Earl (Corporate Finance) 
  John Prior (Corporate Finance) 
  Hugh Rich (Corporate Broking)                  +44 20 7886 2500 
 
 Shore Capital Stockbrokers Limited (Joint 
  Broker) 
  Henry Willcocks (Corporate Broking) 
  Toby Gibbs (Corporate Advisory) 
  James Thomas (Corporate Advisory)              +44 20 7408 4090 
 
 Buchanan (Financial PR) 
  Helen Tarbet 
  Simon Compton                                  +44 20 7466 5000 
 
 Radnor Capital (Investor Relations) 
  Joshua Cryer 
  Iain Daly                                      +44 20 3897 1830

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                   Philip Sanderson 
     ---------------------  -------------------------------------------- 
 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                   VELOCYS PLC 
     ---------------------  -------------------------------------------- 
 b)   LEI                    549300KGMQV70HA5Y715 
     ---------------------  -------------------------------------------- 
 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            Option over ordinary shares of GBP0.01 each 
       of the financial 
       instrument, 
       type of instrument 
     ---------------------  -------------------------------------------- 
 b)   Identification         ISIN: GB00B11SZ269 
       code 
     ---------------------  -------------------------------------------- 
 c)   Nature of the          Grant of share option 
       transaction 
     ---------------------  -------------------------------------------- 
 d)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                4.5 pence    5,000,000 
                                            ---------- 
     ---------------------  -------------------------------------------- 
 e)   Aggregated                  5,000,000 
       information 
                                   4.5 pence 
     ---------------------  -------------------------------------------- 
 f)   Date of the            22 June 2022 
       transaction 
     ---------------------  -------------------------------------------- 
 g)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  --------------------------------------------

Notes to Editors

Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.

Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and carbon sequestration.

Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.

www.velocys.com

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END

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June 23, 2022 02:00 ET (06:00 GMT)

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