11:44 Wed 24 Oct 2018
AFC Energy Plc - Grant of Options and Director Dealing
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a
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Grant of Options and Director Dealing
The Options are exercisable at a price of 8.8 pence per share and will vest on the third anniversary of the date of grant of the Options and are exercisable for seven years thereafter. The purpose of the EMI Scheme is to recognise individuals' performance and to provide further incentivisation.
In the current financial year, 860,000 pre-existing options have lapsed and therefore, following the issue of these Options, there will be options over a total of 13,660,000 Ordinary Shares representing 3.5 per cent. of the current issued share capital of the Company and warrants over 4,643,800 Ordinary Shares representing approximately 1.2 per cent. of the current issued share capital of the Company.
For further information, please contact:
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+44 (0) 20 3697 1209 |
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+44 (0) 20 7894 7000 |
M C Peat & Co LLP - Joint Broker |
+44 (0) 20 7104 2334 |
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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 |
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a) |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Operating Officer |
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b) |
Initial notification/Amendment |
Initial |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800SRJST19GNS9U35 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Nominal value options over ordinary shares of 0.1p each |
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Identification code |
GB00B18S7B29 |
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b) |
Nature of the transaction |
Grant of options |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
N/A Single transaction |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
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