11 Jan 2022 11:36
11 January 2022
Grant of Options
Applied Graphene Materials (LSE: AGM), the producer of specialty graphene materials and dispersions, announces that a total of 1,708,549 options over ordinary shares of 2 pence each in the Company were granted on 10 January 2022 to certain of the Company's Directors and Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's Non-Approved Executive Option Scheme ("Non-Approved Scheme") as follows:
Name | Position | Number of shares subject to Option | Option exercise price per share | Total number of options held under all schemes |
Adrian Potts | CEO & PDMR | 737,316 | £nil | 779,768 |
David Blain | CFO & PDMR | 541,842 | £nil | 626,747 |
Karl Coleman | Founder/CSO & PDMR | 55,786 | £nil | 55,786 |
William Weaver | PDMR | 145,717 | £nil | 230,622 |
Andy Gent | PDMR | 145,717 | £nil | 153,387 |
Tyrone Church | PDMR | 82,171 | £nil | 245,201 |
The vesting of the Non-Approved options is subject to the relative performance of the Company's share price compared to the FTSE AIM All Share Index, for the three-year period from 30 November 2021 to 30 November 2024.
In the event that the Company's share price performs better than the FTSE AIM All Share Index, for the performance period, then 25% of the options will vest. Further vesting will be dependent upon the extent to which the Company's share price outperforms the FTSE AIM All Share Index, with full vesting arising for performance exceeding the benchmark by 25%. Percentage vesting is weighted towards the upper parts of the vesting scale.
In each case, performance will be measured using the one-month average share price and FTSE AIM All Share Index value in the period prior to the start and end of the performance period, being 30 November 2021 to 30 November 2024. The starting one-month average share price and FTSE AIM All Share Index value, in respect of options granted, were £0.2702 and 1,226.75 respectively.
Subject to vesting, the options would be exercisable in the period between 30 November 2024 and 10 January 2032. Nil consideration is payable in respect of either the grant or exercise of these options. The options granted in January 2019 and July 2019 have lapsed as the relevant performance criteria were not achieved.
A further 105,756 options over ordinary shares were granted to certain of the Company's other employees, which will vest on the date of announcement of the interim results for the six months ending 31 January 2025, subject to the recipients' continuing employment by the Company on that date.
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
Singer Capital Markets +44 (0) 207 496 3000
Peter Steel / Amanda Gray
Allenby Capital Limited +44 (0) 203 328 5656
Nick Athanas / Liz Kirchner (Corporate Finance)
Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)
Hudson Sandler +44 (0) 207 796 4133
Nick Lyon / Emily Dillon
Notes to Editors
Applied Graphene Materials - For the last decade, AGM has been at the forefront of harnessing the possibilities of graphene. Founded originally by Professor Karl Coleman, the Group has grown from an academic idea from Durham University to a world leader in the development and application of graphene nanoplatelet dispersions for customers in the coatings, composites and functional materials sectors.
The Group utilises its proprietary bottom-up manufacturing process to produce high purity graphene nanoplatelets. Its expertise in dispersion chemistry enables AGM to create optimised, stable and easy to handle dispersions that customers use in real-world industrial products. AGM's unique approach enables industries to fully realise the potential of graphene in a simple, safe and easy to formulate way.
AGM, based at the Wilton Centre on Teesside, was admitted to AIM in November 2013, raising £11 million. The Group successfully raised £8.5m in January 2016, £9.8m in November 2017 and a further £6m gross in January 2021. The Group's shares are also cross-traded on OTCQX in the United States. As a result of the funding support and its industry leading technology platform, AGM has been able to develop a significant sales distribution network covering Europe, North America and Asia. The Group continues to work closely with industrial partners, and has seen the successful launch of numerous commercial products enhanced by its Graphene Dispersions.
https://www.appliedgraphenematerials.com/
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Adrian Potts | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer (PDMR) | |
b) | Initial notification /Amendment | Initial notification | |
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
| Options over ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Grant of Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 737,316 | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a - single transaction
| |
e) | Date of the transaction | 10 January 2022 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | David Blain | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer (PDMR) | |
b) | Initial notification /Amendment | Initial notification | |
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
| Options over ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Grant of Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 541,842 | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a - single transaction
| |
e) | Date of the transaction | 10 January 2022 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Karl Coleman | |
2 | Reason for the notification | ||
a) | Position/status | Founder/CSO (PDMR) | |
b) | Initial notification /Amendment | Initial notification | |
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
| Options over ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Grant of Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 55,786 | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a - single transaction
| |
e) | Date of the transaction | 10 January 2022 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | William Weaver | |
2 | Reason for the 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 | 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
| Options over ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Grant of Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 145,717 | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a - single transaction
| |
e) | Date of the transaction | 10 January 2022 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Andy Gent | |
2 | Reason for the 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 | 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
| Options over ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Grant of Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 145,717 | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a - single transaction
| |
e) | Date of the transaction | 10 January 2022 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Tyrone Church | |
2 | Reason for the 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 | 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
| Options over ordinary shares of 2 pence each
GB00BFSSB742 | |
b) | Nature of the transaction | Grant of Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 82,171 | ||
d) | Aggregated information - Aggregated volume - Price
|
n/a - single transaction
| |
e) | Date of the transaction | 10 January 2022 | |
f) | Place of the transaction | Outside a trading venue | |
AGM.L (AGM)