31 Jul 2019 07:00
Applied Graphene Materials PLC
31 July 2019
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
Issue of share options to Directors
Applied Graphene Materials, the producer of specialty graphene materials, announces that share options over ordinary shares of 2 pence each, in the Company, were yesterday 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 |
Adrian Potts | 42,452 | £0.212 | 529,224 |
David Blain | 84,905 | £0.212 | 444,905 |
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The option exercise price was set on 01 July 2019, 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 month period from August 2022 to January 2023. Nil consideration is payable in respect of the grant of options.
Ends
For further information, please contact:
Applied Graphene Materials
Adrian Potts, Chief Executive Officer David Blain, Chief Financial Officer
| +44 (0) 1642 438 214 |
N+1 Singer Richard Lindley / Justin McKeegan / Mia Gardner
| +44 (0) 207 496 3000 |
Hudson Sandler Charlie Jack / Emily Dillon | +44 (0) 207 796 4133 |
Notes to Editors
Applied Graphene Materials
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. The Group's strategy is to target commercial applications in three core markets: coatings, composites and functional materials.
The Group has developed proprietary bottom-up processes which are capable of producing high purity graphene nanoplatelets using a continuous process. The manufacturing 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. Applied Graphene Materials owns the intellectual property and know-how behind this process.
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. In January 2016 the Group raised £8.5m to support its ongoing activities and in October 2017 the Group raised a further £9.8m.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Adrian Potts | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Chief Executive Officer) | |
b) | Initial notification /Amendment | Initial | |
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 the financial instrument, type of instrument
Identification code
|
Ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Options issued under Save As You Earn Share Plan | |
c)
| Price(s) and volume(s)
| Price | Volume |
| 42,452 Options over Ordinary Shares | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a
| |
e) | Date of the transaction | 30 July 2019 | |
f) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | David Blain | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Chief Financial Officer) | |
b) | Initial notification /Amendment | Initial | |
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 the financial instrument, type of instrument
Identification code
|
Ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Options issued under Save As You Earn Share Plan | |
c)
| Price(s) and volume(s)
| Price | Volume |
| 84,905 Options over Ordinary Shares | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a
| |
e) | Date of the transaction | 30 July 2019 | |
f) | Place of the transaction | London Stock Exchange | |