Applied Graphene Materials PLC Issue of share options to Directors (0015M)

TIDMAGM

RNS Number : 0015M

Applied Graphene Materials PLC

25 April 2018

Applied Graphene Materials plc

("Applied Graphene Materials", "the Group" or "the Company")

Issue of share options to Directors

Applied Graphene Materials announces that share options over ordinary shares of 2 pence each in the Company were granted on 24th April 2018 to the following Directors under the terms of the Company's Non-Approved Executive Option Scheme ("Non-Approved"):

 
Name             Number of shares subject to an    Option exercise price per share  Total number of options held under 
                      Non-Approved option                                                      all schemes 
Gareth Jones                585,265                            GBPnil                            585,265 
Karl Coleman                 45,673                            GBPnil                             73,616 
 

The vesting of 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 period from the date of grant to November 2020.

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. Performance will be measured using the one month average Company share price and FTSE AIM All Share Index values prior to the start and end of the performance period.

Subject to vesting, the options would be exercisable in the period between November 2020 and April 2028. Nil consideration is payable in respect of either the grant or exercise of these options.

Ends

For further information, please contact:

 
                                          +44 (0) 1642 
 Applied Graphene Materials                    438 214 
---------------------------------------  ------------- 
 Jon Mabbitt, Chief Executive Officer 
---------------------------------------  ------------- 
 Gareth Jones, Chief Financial Officer 
---------------------------------------  ------------- 
 
                                           +44 (0) 207 
 N+1 Singer                                   496 3000 
---------------------------------------  ------------- 
 Richard Lindley 
---------------------------------------  ------------- 
 James White 
---------------------------------------  ------------- 
 
                                           +44 (0) 207 
 Hudson Sandler                               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 is based at the Wilton Site on Teesside and was admitted to AIM in November 2013.

Applied Graphene Materials has developed a proprietary bottom-up process which produces graphene nanoplatelets of consistently high purity using a continuous process. The Group deploys two patent protected manufacturing processes based on sustainable, readily available raw materials. These processes do 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 these processes.

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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  --------------------------------------------------------------------- 
 a)    Name                            Gareth Hywel Jones 
----  ------------------------------  ------------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------------- 
 a)    Position/status                 Chief Financial Officer 
----  ------------------------------  ------------------------------------- 
 b)    Initial notification            Initial notification 
        /Amendment 
----  ------------------------------  ------------------------------------- 
 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                  Ordinary shares of 2 pence 
        the financial                   each 
        instrument, type 
        of instrument 
---- 
 
       Identification                  ISIN: GB00BFSSB742 
        code 
 
 b)    Nature of the                   Grant of options over ordinary 
        transaction                     shares 
----  ------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
----                                   ----------------  ---------------- 
                                        Price(s)          Volume(s) 
----                                   ----------------  ---------------- 
    GBPnil                                                585,265 
   ----------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume             N/A - single transaction 
 
  - Price 
 
 e)    Date of the transaction         24 April 2018 
----  ------------------------------  ------------------------------------- 
 f)    Place of the transaction        Off market 
----  ------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  --------------------------------------------------------------------- 
 a)    Name                            Karl Stuart Coleman 
----  ------------------------------  ------------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------------- 
 a)    Position/status                 Chief Scientific Officer 
----  ------------------------------  ------------------------------------- 
 b)    Initial notification            Initial notification 
        /Amendment 
----  ------------------------------  ------------------------------------- 
 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                  Ordinary shares of 2 pence 
        the financial                   each 
        instrument, type 
        of instrument 
---- 
 
       Identification                  ISIN: GB00BFSSB742 
        code 
 
 b)    Nature of the                   Grant of options over ordinary 
        transaction                     shares 
----  ------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
----                                   ----------------  ---------------- 
                                        Price(s)          Volume(s) 
----                                   ----------------  ---------------- 
    GBPnil                                                45,673 
   ----------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume             N/A - single transaction 
 
  - Price 
 
 e)    Date of the transaction         24 April 2018 
----  ------------------------------  ------------------------------------- 
 f)    Place of the transaction        Off market 
----  ------------------------------  ------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 25, 2018 02:01 ET (06:01 GMT)