Haydale Graphene Industries PLC Grant of Options (6338M)
17 Oktober 2016 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 6338M
Haydale Graphene Industries PLC
17 October 2016
17 October 2016
Haydale Graphene Industries plc
("Haydale" or the "Company")
Grant of options
Haydale (AIM: HAYD), the Group focused on the commercialisation
of graphene and other nano particle products using their
proprietary plasma process announces that on 14 October 2016, the
Board of the Company awarded options ("Options") over an aggregate
of 78,254 ordinary shares of 2p each in the capital of the Company
("Ordinary Shares") pursuant to the Company's approved and
unapproved share option schemes adopted by the Board on 4 April
2014.
All of the Options granted have an exercise price of 198.14p per
Ordinary Share (being the closing mid-market price of the Company's
Ordinary Shares on 13 October 2016, the day before the grant) and
will vest on the third anniversary of grant. On vesting, the
Options will be exercisable until the tenth anniversary of grant.
Following the grant of these Options, the Company's total number of
options outstanding as at the date of this announcement is
1,149,890.
Of the Options granted, 25,044 were granted to directors of
subsidiaries of the Company as follows:
Number Total Total beneficial
of unapproved number holding
options of options of Ordinary Shareholding
Name granted held Shares %
------------------------ --------------- ------------ ----------------- -------------
Trevor Rudderham 19,411 19,411 10,000 0.06
Komkrit Sajjaanantakul 5,633 5,633 - -
The grant of options to directors of subsidiaries, as outlined
above, is a related party transaction for the purposes of Rule 13
of the AIM Rules for Companies. Accordingly, the directors of the
Company, all of whom are independent of these transactions
consider, having consulted with the Company's nominated adviser,
Cairn Financial Partners LLP, that the option grants to Messrs
Rudderham and Sajjaanantakul, as outlined above, are fair and
reasonable insofar as Shareholders are concerned.
The number of ordinary shares currently in issue is 17,033,585
and it is this number that has been used to calculate the above
percentage shareholdings.
For further information, please contact:
Haydale Graphene Industries +44 (0) 1269 842
plc 946
John Knowles, Chairman
Ray Gibbs, Chief Executive
Officer
Cairn Financial Advisers LLP
(Nomad) +44 (0) 20 7213 0170
Tony Rawlinson
Emma Earl
Cantor Fitzgerald Europe (Broker) +44 (0) 20 7894 7000
David Foreman (corporate finance)
David Banks (corporate broking)
Will Goode (corporate finance)
Hermes Financial PR
+44 (0) 7889 153
628
Trevor Phillips +44 (0) 7979 604
Chris Steele 687
About Haydale
Haydale has developed a patented scalable plasma process to
functionalise graphene and other nanomaterials. This enabling
technology can provide Haydale with a rapid and highly
cost-efficient method of supplying tailored solutions to enhance
applications for both raw material suppliers and product
manufacturers.
www.haydale.com Twitter: @haydalegraphene
This information is provided by RNS
The company news service from the London Stock Exchange
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