Last checked at 17 Oct 2016 07:00
17 October 2016
Haydale Graphene Industries plc
("Haydale" or the "Company")
Grant of options
Haydale (AIM: HAYD), the Group focused on the commercialisation of graphene and other nano particle products using their proprietary plasma process announces that on 14 October 2016, the Board of the Company awarded options ("Options") over an aggregate of 78,254 ordinary shares of 2p each in the capital of the Company ("Ordinary Shares") pursuant to the Company's approved and unapproved share option schemes adopted by the Board on 4 April 2014.
All of the Options granted have an exercise price of 198.14p per Ordinary Share (being the closing mid-market price of the Company's Ordinary Shares on 13 October 2016, the day before the grant) and will vest on the third anniversary of grant. On vesting, the Options will be exercisable until the tenth anniversary of grant. Following the grant of these Options, the Company's total number of options outstanding as at the date of this announcement is 1,149,890.
Of the Options granted, 25,044 were granted to directors of subsidiaries of the Company as follows:
Name | Number of unapproved options granted | Total number of options held | Total beneficial holding of Ordinary Shares | Shareholding % |
Trevor Rudderham | 19,411 | 19,411 | 10,000 | 0.06 |
Komkrit Sajjaanantakul | 5,633 | 5,633 | - | - |
The grant of options to directors of subsidiaries, as outlined above, is a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies. Accordingly, the directors of the Company, all of whom are independent of these transactions consider, having consulted with the Company's nominated adviser, Cairn Financial Partners LLP, that the option grants to Messrs Rudderham and Sajjaanantakul, as outlined above, are fair and reasonable insofar as Shareholders are concerned.
The number of ordinary shares currently in issue is 17,033,585 and it is this number that has been used to calculate the above percentage shareholdings.
For further information, please contact:
Haydale Graphene Industries plc | +44 (0) 1269 842 946 |
John Knowles, Chairman Ray Gibbs, Chief Executive Officer
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Cairn Financial Advisers LLP (Nomad) | +44 (0) 20 7213 0170 |
Tony Rawlinson Emma Earl
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Cantor Fitzgerald Europe (Broker) | +44 (0) 20 7894 7000 |
David Foreman (corporate finance) David Banks (corporate broking) Will Goode (corporate finance)
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Hermes Financial PR |
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Trevor Phillips Chris Steele | +44 (0) 7889 153 628 +44 (0) 7979 604 687 |
About Haydale
Haydale has developed a patented scalable plasma process to functionalise graphene and other nanomaterials. This enabling technology can provide Haydale with a rapid and highly cost-efficient method of supplying tailored solutions to enhance applications for both raw material suppliers and product manufacturers.
www.haydale.com Twitter: @haydalegraphene