Applied Graphene Materials PLC Issue of Equity, PDMR Dealing and TVR (8440C)

TIDMAGM

RNS Number : 8440C

Applied Graphene Materials PLC

21 October 2020

21 October 2020

Applied Graphene Materials plc

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

Issue of Equity, PDMR Dealing and Total Voting Rights

Applied Graphene Materials (LSE: AGM) (OTCQB: APGMF), the producer of specialty graphene materials, confirms that 59,296 ordinary shares of 2 pence each ("Ordinary Shares") have been issued by the Company in partial settlement of the annual bonus due to David Blain, Chief Financial Officer, as determined by the Company's Remuneration Committee. The Ordinary Shares have been issued at a deemed price of 34.8 pence per share, being the average of the daily closing share prices for the period from 14 October 2020 (being the date of announcement of the Company's results for the year ended 31 January 2020) to 16 October 2020. The Ordinary Shares issued to Mr Blain have all been sold at a price of 31.5 pence per share and therefore Mr Blain's holding remains unchanged at 33,380 Ordinary Shares, representing 0.07% of the total voting rights in the Company.

Application has been made to the London Stock Exchange for admission of 59,926 Ordinary Shares to trading on AIM and dealings are expected to commence on 23 October 2020 ("Admission"). Following Admission, the Company will have a total of 49,704,292 Ordinary Shares in issue with voting rights. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

For further information, please contact:

Applied Graphene Materials [phone]

Adrian Potts, Chief Executive Officer

David Blain, Chief Financial Officer

Hudson Sandler [phone]

Charlie Jack / Emily Dillon

N+1 Singer [phone]

Peter Steel / Amanda Gray

Notes to Editors

For the last decade, Applied Graphene Materials 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. Their expertise in dispersion chemistry enables the Group to create optimised, stable and easy to handle dispersions that customers use in real-world industrial products. The Group's unique approach enables industries to fully realise the potential of graphene in a simple, safe and easy to formulate way.

The Group, based at the Wilton Centre on Teesside, was admitted to AIM in November 2013, raising GBP11 million. The Group successfully raised GBP8.5m in January 2016 and a further GBP9.8m in November 2017. Since August 2020, the Group's shares are also listed on OTCQX in the United States. As a result of the funding support and their industry leading technology platform, the Group has been able to develop a significant sales distribution network covering Europe, North America and a partner in Japan. The Group continues to work closely with industrial partners, and have seen the successful launch of numerous commercial products enhanced by their Graphene Dispersions.

https://www.appliedgraphenematerials.com/

 
 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 
      --------------------------------------  ---------------------------------------------------- 
 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 the                      Ordinary shares of GBP0.02 each 
        financial instrument, 
        type of instrument 
 
       Identification code                     GB00BFSSB742 
 
 b)    Nature of the transaction                    1. Issue of Ordinary Shares in partial 
                                                     settlement of annual bonus 
                                                     2. Sale of Ordinary Shares 
      --------------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      --------------------  ---------------- 
                                                       Price(s)              Volume(s) 
                                                      --------------------  ---------------- 
            1. Issue of Ordinary 
             Shares in partial settlement 
             of annual bonus                           34.8 pence            59,296 
        2. Sale of Ordinary 
         Shares                                     31.5 pence                59,296 
                                                  ------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     In respect of 1 and 2 in 4(c): N/A 
                                           - single transactions 
 
  - Price 
 
 e)    Date of the transaction                      In respect of: 
                                                     1. 19 October 2020 
                                                     2. 21 October 2020 
      --------------------------------------  ---------------------------------------------------- 
 f)    Place of the transaction                In respect of 1: outside a trading 
                                                venue; in respect of 2: London Stock 
                                                Exchange, AIM Market (XLON) 
      --------------------------------------  ---------------------------------------------------- 
 

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October 21, 2020 13:18 ET (17:18 GMT)