23 Oct 2017 07:00
23 October 2017
China New Energy Limited
("CNE" or "the Company")
Grant of Options
The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, announces the implementation of two unapproved share option schemes and the grant of an aggregate of 39,300,508 options ("the Options") to acquire ordinary shares in Company at a price of 1.5 pence per share subject to vesting conditions under these schemes.
A total of 27,633,167 of the Options, representing 5.624 per cent of the current issued share capital, have been granted under a scheme put in place for the long term incentive of directors and senior employees of the Company and its subsidiaries. Under the terms of the scheme, options vest immediately and expire on the third anniversary. Of the 27,633,167 options granted under this scheme, 15,351,760 options, representing 3.124 per cent. of the current issued share capital, have been granted to Directors and PDMRs as follows:
Option Holder | Role | Number of Options Granted | Grant of Options as percentage of issued share capital
| Expiry date |
Mr Yu Weijun | Director | 3,070,352 | 0.625% | 20/10/2020 |
Mr Tang Zhaoxing | Director | 3,070,352 | 0.625% | 20/10/2020 |
Mr Richard Bennett | Director | 3,070,352 | 0.625% | 20/10/2020 |
Mr Nick Brooks | Director | 3,070,352 | 0.625% | 20/10/2020 |
Mr Cen Delin | PDMR | 1,535,176 | 0.312% | 20/10/2020 |
Ms Xu Huijuan | PDMR | 1,535,176 | 0.312% | 20/10/2020 |
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Total |
| 15,351,760 | 3.124% |
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The remaining 11,667,341 of the Options, representing 2.375 per cent. of the current issued share capital, have been granted to employees of the Company and its subsidiaries under an employee incentive and retention scheme. Such options vest as to one third on the date of grant and an additional one third on each of the first and second anniversaries of the date of grant and are exercisable for a period of three years.
All existing options and warrants have expired. Accordingly, following the grant of the Options, the Company will have a total of 39,300,508 outstanding options, representing 8.00 per cent. of the current issued share capital which comprises 491,256,350 ordinary shares of 0.025p each.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please visit www.chinanewenergy.co.uk or contact:
China New Energy Limited |
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Nick Brooks Richard Bennett | nick.brooks@hotmail.co.uk Tel: +44 7920 060218 rbennett@zkty.com.cn Tel: +44 7966 388 374 |
Ivy Xu | xuhj@zkty.com.cn Tel: +86 20 8705 9371
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Cairn Financial Advisers LLP (Nomad) |
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Jo Turner / Sandy Jamieson | Tel: +44 20 7213 0880
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Daniel Stewart and Company (Broker) |
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David Lawman | Tel: +44 20 7776 6550 |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Mr Yu Weijun | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | N/A | ||||||
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 instrumentIdentification Code | Common Shares of no par value
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Grant of Options | ||||||
c. | Price(s) and volume(s) |
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|
|
|
| ||
| Price(s) per share | Volume(s) |
| |||||
1.5 pence exercise price
| 3,070,352 |
| ||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
3,070,352
1.5p pence per share exercise price | ||||||
e. | Date of the transaction | 20 October 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Mr Tang Zhaoxing | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | N/A | ||||||
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 instrumentIdentification Code | Common Shares of no par value
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Grant of Options | ||||||
c. | Price(s) and volume(s) |
|
|
|
|
| ||
| Price(s) per share | Volume(s) |
| |||||
1.5 pence exercise price
| 3,070,352 |
| ||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
3,070,352
1.5p pence per share exercise price | ||||||
e. | Date of the transaction | 20 October 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Mr Richard Bennett | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | N/A | ||||||
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 instrumentIdentification Code | Common Shares of no par value
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Grant of Options | ||||||
c. | Price(s) and volume(s) |
|
|
|
|
| ||
| Price(s) per share | Volume(s) |
| |||||
1.5 pence exercise price
| 3,070,352 |
| ||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
3,070,352
1.5p pence per share exercise price | ||||||
e. | Date of the transaction | 20 October 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Mr Nick Brooks | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | N/A | ||||||
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 instrumentIdentification Code | Common Shares of no par value
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Grant of Options | ||||||
c. | Price(s) and volume(s) |
|
|
|
|
| ||
| Price(s) per share | Volume(s) |
| |||||
1.5 pence exercise price
| 3,070,352 |
| ||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
3,070,352
1.5p pence per share exercise price | ||||||
e. | Date of the transaction | 20 October 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Mr Cen Delin | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | PDMR | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | N/A | ||||||
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 instrumentIdentification Code | Common Shares of no par value
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Grant of Options | ||||||
c. | Price(s) and volume(s) |
|
|
|
|
| ||
| Price(s) per share | Volume(s) |
| |||||
1.5 pence exercise price
| 1,535,176 |
| ||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
1,535,176
1.5p pence per share exercise price | ||||||
e. | Date of the transaction | 20 October 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Ms Xu Huijuan | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | PDMR | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | N/A | ||||||
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 instrumentIdentification Code | Common Shares of no par value
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Grant of Options | ||||||
c. | Price(s) and volume(s) |
|
|
|
|
| ||
| Price(s) per share | Volume(s) |
| |||||
1.5 pence exercise price
| 1,535,176 |
| ||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
1,535,176
1.5p pence per share exercise price | ||||||
e. | Date of the transaction | 20 October 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||