Major grant of option ++++18 Jun 2024 15:32
Grant of Share Options
The Company has today granted options ("Options") over ordinary shares of no par value in the Company ("Ordinary Shares") to the following Directors of the Company.
Name / Position
Number of Options over Ordinary Shares
Lars Stegmann / Chief Executive Officer
80,000,000
Peter Fraser / Non-Executive Director
10,000,000
Dr Anthony Sive / Non-Executive Director
10,000,000
Steen Feldskov / Non-Executive Director
10,000,000
Dr Graham Cooley / Non-Executive Director
10,000,000
Patrick Elliott / Chairman
10,000,000
The exercise price of the Options is 0.08p, being the closing mid-market price of an Ordinary Share on 17 June 2024, the last practicable date prior to the grant of the Options.
In addition to the grant of Options to the Directors set out above, the Company is proposing to grant up to a further 40,000,000 Options to employees of the Company. Following these grants of Options, the total number of options outstanding over Ordinary Shares in the Company will be 227,000,000.
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.
Further disclosures pursuant to Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies:
Dr Graham Edward Cooley
The following information regarding the appointment of Dr Graham Edward Cooley, aged 60, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current directorships and/or partnerships
Past directorships and/or partnerships (within the last five years)
Light Science Technologies Holdings plc
ITM Power plc
Brigantia Capital Ltd
H2 Green Ltd
Cadent Gas Limited
ITM Power (Trading) Limited
Quadgas Holdco Limited
ITM Power (Shelfco) Limited
Quadgas Investments Bidco Limited
ITM Power (Research) Limited
Quadgas Midco Limited
Motive Fuels Limited
Quadgas Pledgeco Limited
Nanosun Limited
Yelooc Limited
Orkney Hydrogen Trading Ltd
LSTH Trustee Limited
Renewable UK Association
Light Science Technologies Ltd
Tomtech (UK) Limited
LSTH IFB Limited
UK Circuits and Electronics Solutions Limited
UK Circuits and Electronics Solutions Holdings Limited
Quadgas Holdings Topco Limited (UK)
Quadgas Holdings Topco Limited (Jersey)
Nanosun Limited entered into director led administration on 6 February 2024 and on the same date, a pre-pack sale of the business and certain assets was completed.
Dr Cooley currently holds 355,000,000 Ordinary Shares, representing 12.21% of the Company's issued Ordinary Share capital. In conjunction with his appointment, Dr Cooley has been granted Options as set out above.
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