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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redt Energy Plc | LSE:RED | London | Ordinary Share | GB00B11FB960 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 52.50 | 50.00 | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRED
RNS Number : 6150O
RedT Energy PLC
18 May 2018
18 May 2018
redT energy plc
("redT" or the "Company")
Grant of Share Options
The Board of redT energy plc (AIM:RED), the energy storage solutions company, announces that it has approved the grant of a tranche of share options (the "Options") to subscribe for ordinary shares of EUR0.01 in the Company (the "Ordinary Shares").
The Options will be awarded under the redT energy 2018 Employee Share Option Plan ("Employee Share Option Plan"), which includes a CSOP, EMI and unapproved part, and the redT energy 2018 Consultant Share Option Plan ("Consultant Share Option Plan"), together "the Plans", which were adopted by the Board on 14 May 2018.
Options over a total of 25,920,835 Ordinary Shares will be granted under the Plans; 12,399,552 under the CSOP part with an exercise price of 7.05 pence per Ordinary Share (being the Market Value), 10,521,283 under the EMI part with an exercise price of 5.9 pence (being the price at which the Company completed the placing as announced on 13 April 2018), 1,000,000 under the Unapproved part with an exercise price of 5.9 pence, and 2,000,000 under the Consultant Share Option Plan with an exercise price of 5.9 pence. The Options will vest between two and five years from the date of grant and are exercisable for a period of three years from the date at which they first vest.
As part of the Options, 3,000,000 Options over Ordinary Shares under the EMI part will be granted to Fraser Welham as a Director of the Company, and 1,000,000 Options over Ordinary Shares under the Unapproved part will be granted to David Stewart as a Director of the Company.
To date, and including the Options above, redT has made awards of 25,920,835 Ordinary Shares pursuant to the 2018 Employee and Consultant Share Option Plans.
The Board has also approved for 35,027,758 Options under the 2015 Share Plan to be surrendered and regranted under the 2018 Employee Share Option Plan, subject to the surrender of the existing options and on the same commercial terms as the original options.
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 David Stewart --- ---------------------------------- ----------------------------------------------------------------------------- 2. Reason for the Notification --- ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Operating Officer of the Company --- ---------------------------------- ----------------------------------------------------------------------------- b) Initial notification/amendment Initial notification --- ---------------------------------- ----------------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------------------------------------------------- a) Name redT energy plc --- ---------------------------------- ----------------------------------------------------------------------------- b) LEI 213800N2NKOTYUNRCU14 --- ---------------------------------- ----------------------------------------------------------------------------- 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 Options over ordinary shares of EUR0.01 each ("Ordinary Shares") instrument, type of instrument --- ---------------------------------- ----------------------------------------------------------------------------- Identification code GB00B11FB960 --- ---------------------------------- ----------------------------------------------------------------------------- b) Nature of the Transaction Award of unapproved options in respect of 1,000,000 ordinary shares at an exercise price of 5.9 pence per ordinary share --- ---------------------------------- ----------------------------------------------------------------------------- c) Price(s) and volume(s) Price Volume --- ---------------------------------- ------------------------------------- -------------------------------------- 0.059 1,000,000 -------------------------------------- ------------------------------------- -------------------------------------- d) Aggregated information N/A (Single transaction) Aggregated volume Price --- ---------------------------------- ----------------------------------------------------------------------------- e) Date of the transaction 18 May 2018 --- ---------------------------------- ----------------------------------------------------------------------------- f) Place of the transaction London Stock Exchange, AIM (LON:RED) --- ---------------------------------- ----------------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated --- ----------------------------------------------------------------------------------------------------------------- a) Name Fraser Welham --- ---------------------------------- ----------------------------------------------------------------------------- 2. Reason for the Notification --- ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Financial Officer of the Company --- ---------------------------------- ----------------------------------------------------------------------------- b) Initial notification/amendment Initial notification --- ---------------------------------- ----------------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------------------------------------------------- a) Name redT energy plc --- ---------------------------------- ----------------------------------------------------------------------------- b) LEI 213800N2NKOTYUNRCU14 --- ---------------------------------- ----------------------------------------------------------------------------- 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 Options over ordinary shares of EUR0.01 each ("Ordinary Shares") instrument, type of instrument --- ---------------------------------- ----------------------------------------------------------------------------- Identification code GB00B11FB960 --- ---------------------------------- ----------------------------------------------------------------------------- b) Nature of the Transaction Award of EMI options in respect of 3,000,000 Ordinary Shares at an exercise price of 5.9 pence per Ordinary Share --- ---------------------------------- ----------------------------------------------------------------------------- c) Price(s) and volume(s) Price Volume --- ---------------------------------- -------------------------------------- ------------------------------------- 0.059 3,000,000 -------------------------------------- -------------------------------------- ------------------------------------- d) Aggregated information N/A (Single transaction) Aggregated volume Price --- ---------------------------------- ----------------------------------------------------------------------------- e) Date of the transaction 18 May 2018 --- ---------------------------------- ----------------------------------------------------------------------------- f) Place of the transaction London Stock Exchange, AIM (LON:RED) --- ---------------------------------- -----------------------------------------------------------------------------
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
Enquiries:
+44 (0)20 7061 redT energy plc 6233 Scott McGregor, Chief Executive Officer Fraser Welham, Chief Financial Officer Joe Worthington, Investor & Media Relations Investec Bank plc (Nominated +44 (0)20 7597 Adviser and Broker) 5970 Jeremy Ellis / Chris Sim/ Alexander Ruffman +44 (0)20 3005 VSA Capital (Joint Broker) 5000 Andrew Monk/Andrew Raca Celicourt Communications (Financial +44 (0)20 7520 PR) 9266 Mark Antelme Jimmy Lea Ollie Mills
Notes to Editors
About redT energy
redT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage systems which create revenue alongside reliable, low-cost renewable generation for businesses, industry and electricity distribution networks. Using patented vanadium redox flow technology to store energy in liquid, redT's own energy storage machines can be run continually with no degradation: charging and discharging for over 25 years, matching the lifespan of renewable assets in on-grid, off-grid and weak-grid settings.
redT's energy storage solutions, developed over the past 15 years, address today's changing energy market by providing a flexible platform for time shifting surplus renewable power, securing electricity supplies and earning revenue through grid services. The company has operating machines deployed with customers in the UK, Europe, sub-Saharan Africa, Australia and Asia Pacific. redT energy plc is listed on the London Stock Exchange (AIM:RED) and has offices in the UK, Africa and the USA. For more information, visit www.redTenergy.com
For sales, press or investor enquiries, please contact the redT team on +44 (0)207 061 6233.
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
May 18, 2018 10:00 ET (14:00 GMT)
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