9 Jul 2014 10:17
9 July 2014
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, have today been granted to the following Directors, under the terms of the Company's Save As You Earn Share Plan:
Name | Number of shares subject to option | Option exercise price per share | Total number of options held under all schemes |
Jon Mabbitt | 5,294 | £3.40 | 348,932 |
Oliver Lightowlers | 5,294 | £3.40 | 254,600 |
Claudio Marinelli | 3,176 | £3.40 | 117,722 |
The option exercise price was set on 24 June 2014 being the date of invitation to join the Save As You Earn Share Plan. No performance conditions attach to these options which may be exercised in the six months period from August 2017 to January 2018. Nil consideration is payable in respect of the grant of options.
Ends
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Jon Mabbitt, Chief Executive Officer
Oliver Lightowlers, Chief Financial Officer
N+1 Singer +44 (0) 207 496 3000
Shaun Dobson / Richard Lindley
Hudson Sandler +44 (0) 207 796 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 was admitted to AIM in November 2013, raising £11 million, and is based at the Wilton Site on Teesside.
The Group has developed a proprietary bottom-up process for the production of high purity graphene nanoplatelets and owns the intellectual property and know-how behind this process. Applied Graphene Materials' process is based on sustainable, readily available raw materials and therefore does not rely on the supply of graphite, unlike a number of other graphene production techniques. It is capable of producing high purity graphene using a continuous process. Applied Graphene Materials provides dispersion and product integration expertise to deliver solutions for a wide range of applications.