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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Velocys Plc | LSE:VLS | London | Ordinary Share | GB00B11SZ269 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.2725 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMVLS
RNS Number : 8768P
Velocys PLC
23 June 2022
Velocys plc
("Velocys" or "the Company")
23 June 2022
Grant of Share Option to Director
Velocys plc (VLS.L), the sustainable fuels technology company, today announces that, on 22 June 2022, Philip Sanderson, Chief Financial Officer and a Director of the Company, was granted options ("Commencement Award") under the Velocys 2021 Share Option Scheme over the Company's GBP0.01 Ordinary shares ("Ordinary Shares"). The Commencement Award has been made under the Rules of the Velocys 2021 Share Option Scheme as follows:
Name of Director Type of share Number Exercise Vesting/ Number of share option of share price Exercise options as % of options (See present issued granted note below) share capital Commencement Philip Sanderson Award 5,000,000 GBP0.045 Note 1 0.36% --------------- ---------- --------- ------------- -----------------
Following this notification, Philip Sanderson is interested in nil Ordinary Shares and Options over 5,000,000 Ordinary Shares of the Company, together representing 0.36% of the present issued share capital of the Company.
The above option is subject to terms for Malus and Clawback and may not in any event be exercised later than the day immediately preceding the tenth anniversary of the date of grant.
Note 1: The Commencement Award vests on a time basis as to one third per annum on the 1st, 2nd and 3rd anniversaries of the date of grant.
- END -
Enquiries:
Velocys Henrik Wareborn, CEO Philip Sanderson, CFO Lak Siriwardene, Director of Communications & Sustainability +44 1865 800821 Panmure Gordon (UK) Limited (Nomad and Joint Broker) Emma Earl (Corporate Finance) John Prior (Corporate Finance) Hugh Rich (Corporate Broking) +44 20 7886 2500 Shore Capital Stockbrokers Limited (Joint Broker) Henry Willcocks (Corporate Broking) Toby Gibbs (Corporate Advisory) James Thomas (Corporate Advisory) +44 20 7408 4090 Buchanan (Financial PR) Helen Tarbet Simon Compton +44 20 7466 5000 Radnor Capital (Investor Relations) Joshua Cryer Iain Daly +44 20 3897 1830
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 Philip Sanderson --------------------- -------------------------------------------- 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 VELOCYS PLC --------------------- -------------------------------------------- b) LEI 549300KGMQV70HA5Y715 --------------------- -------------------------------------------- 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 Option over ordinary shares of GBP0.01 each of the financial instrument, type of instrument --------------------- -------------------------------------------- b) Identification ISIN: GB00B11SZ269 code --------------------- -------------------------------------------- c) Nature of the Grant of share option transaction --------------------- -------------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) 4.5 pence 5,000,000 ---------- --------------------- -------------------------------------------- e) Aggregated 5,000,000 information 4.5 pence --------------------- -------------------------------------------- f) Date of the 22 June 2022 transaction --------------------- -------------------------------------------- g) Place of the Outside a trading venue transaction --------------------- --------------------------------------------
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.
Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and carbon sequestration.
Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.
www.velocys.com
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(END) Dow Jones Newswires
June 23, 2022 02:00 ET (06:00 GMT)
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