Share Name Share Symbol Market Type Share ISIN Share Description
China New LSE:CNEL London Ordinary Share JE00B3RWLF12 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025p -1.61% 1.525p 1.45p 1.60p 1.55p 1.525p 1.55p 289,350 13:23:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 918.3 42.2 10.5 0.1 7.49

China New Energy Ltd Grant of Options

23/10/2017 7:00am

UK Regulatory (RNS & others)


China New (LSE:CNEL)
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TIDMCNEL

RNS Number : 2499U

China New Energy Ltd

23 October 2017

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         Grant of   Expiry date 
                                    Options          Options 
                                    Granted    as percentage 
                                                   of issued 
                                               share capital 
------------------  ----------  -----------  ---------------  ------------ 
 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 
------------------  ----------  -----------  ---------------  ------------ 
 
 Total                           15,351,760           3.124% 
------------------------------  -----------  ---------------  ------------ 
 

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 
 Nick Brooks                  nick.brooks@hotmail.co.uk 
  Richard Bennett              Tel: +44 7920 060218 
                               rbennett@zkty.com.cn Tel: 
                               +44 7966 388 374 
 Ivy Xu                       xuhj@zkty.com.cn Tel: +86 
                               20 8705 9371 
 Cairn Financial Advisers 
  LLP (Nomad) 
 Jo Turner / Sandy Jamieson   Tel: +44 20 7213 0880 
 Daniel Stewart and Company 
  (Broker) 
 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/         Initial notification 
         Amendment 
-----  ----------------------------  ---------------------------------------- 
 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                   Common Shares of no par value 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: JE00B3RWLF12 
         Identification 
         Code 
-----  ----------------------------  ---------------------------------------- 
 b.     Nature of the                 Grant of Options 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s)                      per share 
-----  ----------------------------   --------------------  ------------- 
    1.5 pence 
     exercise 
     price                                                   3,070,352 
   -------------------------------------------------------  ------------- 
 
 d.     Aggregated 
         information 
                                        3,070,352 
         - Aggregated 
         Volume                         1.5p pence per share exercise 
                                        price 
         - Price 
-----  ----------------------------  ---------------------------------------- 
 e.     Date of the                   20 October 2017 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 f.     Place of the                  London AIM 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 
 
 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/         Initial notification 
         Amendment 
-----  ----------------------------  ---------------------------------------- 
 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                   Common Shares of no par value 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: JE00B3RWLF12 
         Identification 
         Code 
-----  ----------------------------  ---------------------------------------- 
 b.     Nature of the                 Grant of Options 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s)                      per share 
-----  ----------------------------   --------------------  ------------- 
    1.5 pence 
     exercise 
     price                                                   3,070,352 
   -------------------------------------------------------  ------------- 
 
 d.     Aggregated 
         information 
                                        3,070,352 
         - Aggregated 
         Volume                         1.5p pence per share exercise 
                                        price 
         - Price 
-----  ----------------------------  ---------------------------------------- 
 e.     Date of the                   20 October 2017 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 f.     Place of the                  London AIM 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 
 
 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/         Initial notification 
         Amendment 
-----  ----------------------------  ---------------------------------------- 
 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                   Common Shares of no par value 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: JE00B3RWLF12 
         Identification 
         Code 
-----  ----------------------------  ---------------------------------------- 
 b.     Nature of the                 Grant of Options 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s)                      per share 
-----  ----------------------------   --------------------  ------------- 
    1.5 pence 
     exercise 
     price                                                   3,070,352 
   -------------------------------------------------------  ------------- 
 
 d.     Aggregated 
         information 
                                        3,070,352 
         - Aggregated 
         Volume                         1.5p pence per share exercise 
                                        price 
         - Price 
-----  ----------------------------  ---------------------------------------- 
 e.     Date of the                   20 October 2017 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 f.     Place of the                  London AIM 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 
 
 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/         Initial notification 
         Amendment 
-----  ----------------------------  ---------------------------------------- 
 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                   Common Shares of no par value 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: JE00B3RWLF12 
         Identification 
         Code 
-----  ----------------------------  ---------------------------------------- 
 b.     Nature of the                 Grant of Options 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s)                      per share 
-----  ----------------------------   --------------------  ------------- 
    1.5 pence 
     exercise 
     price                                                   3,070,352 
   -------------------------------------------------------  ------------- 
 
 d.     Aggregated 
         information 
                                        3,070,352 
         - Aggregated 
         Volume                         1.5p pence per share exercise 
                                        price 
         - Price 
-----  ----------------------------  ---------------------------------------- 
 e.     Date of the                   20 October 2017 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 f.     Place of the                  London AIM 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 
 
 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/         Initial notification 
         Amendment 
-----  ----------------------------  ---------------------------------------- 
 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                   Common Shares of no par value 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: JE00B3RWLF12 
         Identification 
         Code 
-----  ----------------------------  ---------------------------------------- 
 b.     Nature of the                 Grant of Options 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s)                      per share 
-----  ----------------------------   --------------------  ------------- 
    1.5 pence 
     exercise 
     price                                                   1,535,176 
   -------------------------------------------------------  ------------- 
 
 d.     Aggregated 
         information 
                                        1,535,176 
         - Aggregated 
         Volume                         1.5p pence per share exercise 
                                        price 
         - Price 
-----  ----------------------------  ---------------------------------------- 
 e.     Date of the                   20 October 2017 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 f.     Place of the                  London AIM 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 
 
 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/         Initial notification 
         Amendment 
-----  ----------------------------  ---------------------------------------- 
 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                   Common Shares of no par value 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: JE00B3RWLF12 
         Identification 
         Code 
-----  ----------------------------  ---------------------------------------- 
 b.     Nature of the                 Grant of Options 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s)                      per share 
-----  ----------------------------   --------------------  ------------- 
    1.5 pence 
     exercise 
     price                                                   1,535,176 
   -------------------------------------------------------  ------------- 
 
 d.     Aggregated 
         information 
                                        1,535,176 
         - Aggregated 
         Volume                         1.5p pence per share exercise 
                                        price 
         - Price 
-----  ----------------------------  ---------------------------------------- 
 e.     Date of the                   20 October 2017 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 f.     Place of the                  London AIM 
         transaction 
-----  ----------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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