23 May 2014 15:08
23 May 2014
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
Issue of share options to a Director
Further to the appointment of Sean Christie as a Non-Executive Director of the Group, Applied Graphene Materials announces that share options over ordinary shares of 2 pence each, in the Company, have today been granted to him under the terms of the Company's Non-Approved Executive Option Scheme in lieu of part of his cash fees:
Name | Number of shares subject to option | Option exercise price per share | Total number of options held under all schemes |
Sean Christie | 15,000 | £1.55 | 15,000 |
The share options will vest in three equal tranches on the anniversary of Sean's appointment being 24 April 2015, 24 April 2016 and 24 April 2017. The vesting of these options is not subject to performance conditions, however, vesting is subject to Sean continuing to be a Director of the Group on each anniversary date.
Sean Christie holds no other interest in the ordinary share capital of the Company.
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 / Will Goode
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.