TIDMHAYD
RNS Number : 1762Z
Haydale Graphene Industries PLC
21 January 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For immediate release 21 January 2022
Haydale Graphene Industries plc
("Haydale", "the Company" or the "Group")
Grant of share options and PDMR dealings
Haydale (AIM: HAYD), the global advanced materials group,
announces that on 20 January 2022 the Company approved the
following:
1. under the 2020 EMI Scheme ("2020 EMI Scheme"), the grant of
options to certain directors of the Company ("Directors"), certain
directors of the Company's subsidiaries ("Subsidiary Directors")
and staff of the Group, over an aggregate 9,100,000 ordinary shares
of 2p each in the capital of the Company ("Ordinary Shares"),
pursuant to the Company's 2020 EMI Scheme Rules; and
2. under the Haydale Technologies, Inc ("HTI") Stock
Appreciation Rights Plan 2020 ("2020 SAR"), the grant of stock
appreciation rights ("Stock Appreciation Rights") to certain
employees of the Group's wholly owned US subsidiary, HTI, over an
aggregate 2,750,000 Ordinary Shares pursuant to the 2020 SAR
rules.
(The 2020 EMI Scheme and the 2020 SAR, together the "Share
Schemes". The new options or Stock Appreciation Rights granted
under the Share Schemes, together the "January 2022 Grants").
Background to the January 2022 Grants
The Company adopted the Share Schemes to enable it to retain and
incentivise staff and to reward them for the achievement of its
longer-term objectives. The Share Schemes have certain performance
criteria to ensure that value is created for shareholders before
any value is delivered to Directors and key staff. The January 2022
Grants will broaden the coverage of the Share Schemes and also
include those who have more recently joined the Group. The January
2022 Grants will also award options to those who received an
initial award on 13 January 2020 to reflect, in some cases, changes
in responsibility and, in general, to reward them for their
perseverance and hard work during what has been a challenging
period for all.
Terms of the January 2022 Grants
All of the January 2022 Grants have an exercise price of 6.25p
per Ordinary Share (being a 12.6% premium to the closing mid-market
price of the Company's Ordinary Shares on 20 January 2022, the day
of the approval of the January 2022 Grants) and can only be
exercised between the third and tenth anniversary of the awards.
The proportion of the awards made by the January 2022 Grants that
are capable of vesting is dependent on certain performance
criteria, directly linked to the performance of the Company's share
price over the period to 30 September 2025 as follows:
% of January 2022 Performance Condition
Grants subject
to the Performance
Condition
30% For a period of 15 consecutive dealing days,
commencing after the date of the January 2022
Grants and ending on or before the 30 September
2023, the closing price of the Ordinary Shares
exceeds 10p (ten) per Ordinary Share.
-------------------------------------------------
30% For a period of 15 consecutive dealing days,
commencing after the date of the January 2022
Grants and ending on or before the 30 September
2024, the closing price of the Ordinary Shares
exceeds 15p (fifteen) per Ordinary Share.
-------------------------------------------------
40% For a period of 15 consecutive dealing days,
commencing after the date of the January 2022
Grants and ending on or before the 30 September
2025, the closing price of the Ordinary Shares
exceeds 20p (twenty) per Ordinary Share.
-------------------------------------------------
There are no other vesting criteria for the January 2022 Grants.
If the share price does not reach the target price by their
respective dates, that portion of the award will lapse.
The January 2022 Grants represents approximately 2.3% of the
Company's issued ordinary share capital. Of the January 2022
Grants, 3,400,000 options were granted to Directors of the Company
and its subsidiaries, as follows:
Current
Aggregate total beneficial
Number number holding % of current
Director's name of options of options of Ordinary issued share
and employing Group company granted post grant Shares capital
Keith Broadbent
(Haydale Graphene Industries
Plc) 1,200,000 13,200,000 952,381 0.19
------------ ------------ ------------------ ---------------
Mark Chapman
(Haydale Graphene Industries
Plc) 700,000 7,700,000 750,000 0.15
------------ ------------ ------------------ ---------------
David Davies
(Haydale Ltd) 200,000 2,200,000 50,671 0.01
------------ ------------ ------------------ ---------------
Nicholas Weatherby
(Haydale Composite Solutions
Ltd) 150,000 1,650,000 - -
------------ ------------ ------------------ ---------------
Mark Heycock
(Haydale Ltd) 575,000 1,325,000 - -
------------ ------------ ------------------ ---------------
John Mark Seymour
(Haydale Ltd) 575,000 1,325,000 - -
------------ ------------ ------------------ ---------------
The Company's Remuneration Committee retains the ability to
amend the performance conditions for the January 2022 Grants and
for future grants to ensure that such grants achieve the stated
purpose.
Following the January 2022 Grants, the Company's total number of
Options, SARs and Warrants outstanding as at the date of this
announcement is 49,300,000 representing approximately 8.8% of the
Company's existing issued share capital.
The number of Ordinary Shares currently in issue is 510,335,691
and it is this number that has been used to calculate the above
percentage shareholdings.
For further information:
Haydale Graphene Industries plc
David Banks, Non-Executive Chair Tel: +44 (0) 1269 842 946
www.haydale.com
finnCap (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley, Corporate Tel: +44 (0) 20 7220 0500
Finance
Andrew Burdis, ECM
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of graphene and other nanomaterials
into the next generation of commercial technologies and industrial
materials. With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA, Australia, Japan and China and operates from six sites
in the UK, USA and the Far East.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
The notification set out below is provided in accordance with
the requirements of MAR.
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 Keith Broadbent
-----------------------------------------------------------
2 Reason for notification
--------------------------- -----------------------------------------------------------
a. Position/Status Chief Executive Officer of Haydale Graphene
Industries Plc
--------------------------- -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a. Name Haydale Graphene Industries Plc
---------------------------
b. LEI 213800KNULBQFF25IE72
--------------------------- -----------------------------------------------------------
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 Ordinary Shares of 2p each
the financial
instrument, type
of instrument
GB00BKWQ1135
Identification
Code
--------------------------- -----------------------------------------------------------
b. Nature of the Grant of options under the 2020 EMI Scheme
transaction with time vesting and share price performance
conditions attached
--------------------------- -----------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- -------------
GBP0.0625 1,200,000
---------------------------------------------------- ------------
d. Aggregated information 1,200,000 options over Ordinary Shares with
- Aggregated Volume an exercise price of GBP0.0625 each
- Price
--------------------------- -----------------------------------------------------------
e. Date of the transaction 20 January 2022
--------------------------- -----------------------------------------------------------
f. Place of the transaction Outside a trading venue
--------------------------- -----------------------------------------------------------
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 Mark Chapman
-----------------------------------------------------------
2 Reason for notification
--------------------------- -----------------------------------------------------------
a. Position/Status Chief Financial Officer of Haydale Graphene
Industries Plc
--------------------------- -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a. Name Haydale Graphene Industries Plc
---------------------------
b. LEI 213800KNULBQFF25IE72
--------------------------- -----------------------------------------------------------
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 Ordinary Shares of 2p each
the financial
instrument, type
of instrument
GB00BKWQ1135
Identification
Code
--------------------------- -----------------------------------------------------------
b. Nature of the Grant of options under the 2020 EMI Scheme
transaction with time vesting and share price performance
conditions attached
--------------------------- -----------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- -------------
GBP0.0625 700,000
---------------------------------------------------- ------------
d. Aggregated information 700,000 options over Ordinary Shares with
- Aggregated Volume an exercise price of GBP0.0625 each
- Price
--------------------------- -----------------------------------------------------------
e. Date of the transaction 20 January 2022
--------------------------- -----------------------------------------------------------
f. Place of the transaction Outside a trading venue
--------------------------- -----------------------------------------------------------
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 David Davies
--------------------------------------------------------------
2 Reason for notification
--------------------------- --------------------------------------------------------------
a. Position/Status Director of Haydale Ltd, a subsidiary of
Haydale Graphene Industries Plc
--------------------------- --------------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------- --------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Haydale Graphene Industries Plc
---------------------------
b. LEI 213800KNULBQFF25IE72
--------------------------- --------------------------------------------------------------
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 Ordinary Shares of 2p each
the financial
instrument, type
of instrument
GB00BKWQ1135
Identification
Code
--------------------------- --------------------------------------------------------------
b. Nature of the Grant of options under the 2020 EMI Scheme
transaction with time vesting and share price performance
conditions attached
--------------------------- --------------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- --------------
GBP0.0625 200,000
----------------------------------------------------- -------------
d. Aggregated information 200,000 options over Ordinary Shares with
- Aggregated Volume an exercise price of GBP0.0625 each
- Price
--------------------------- --------------------------------------------------------------
e. Date of the transaction 20 January 2022
--------------------------- --------------------------------------------------------------
f. Place of the transaction Outside a trading venue
--------------------------- --------------------------------------------------------------
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 Nicholas Weatherby
--------------------------------------------------------------
2 Reason for notification
--------------------------- --------------------------------------------------------------
a. Position/Status Director of Haydale Composite Solutions
Ltd, a subsidiary of Haydale Graphene Industries
Plc
--------------------------- --------------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------- --------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Haydale Graphene Industries Plc
---------------------------
b. LEI 213800KNULBQFF25IE72
--------------------------- --------------------------------------------------------------
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 Ordinary Shares of 2p each
the financial
instrument, type
of instrument
GB00BKWQ1135
Identification
Code
--------------------------- --------------------------------------------------------------
b. Nature of the Grant of options under the 2020 EMI Scheme
transaction with time vesting and share price performance
conditions attached
--------------------------- --------------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- --------------
GBP0.0625 150,000
----------------------------------------------------- -------------
d. Aggregated information 150,000 options over Ordinary Shares with
- Aggregated Volume an exercise price of GBP0.0625each
- Price
--------------------------- --------------------------------------------------------------
e. Date of the transaction 20 January 2022
--------------------------- --------------------------------------------------------------
f. Place of the transaction Outside a trading venue
--------------------------- --------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name Mark Heycock
-----------------------------------------------------------
2 Reason for notification
---------------------------- -----------------------------------------------------------
a. Position/Status Director of Haydale Ltd, a subsidiary of
Haydale Graphene Industries Plc
---------------------------- -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a. Name Haydale Graphene Industries Plc
----------------------------
b. LEI 213800KNULBQFF25IE72
---------------------------- -----------------------------------------------------------
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 Ordinary Shares of 2p each
the financial
instrument, type
of instrument
GB00BKWQ1135
Identification
Code
---------------------------- -----------------------------------------------------------
b. Nature of the Grant of options under the 2020 EMI Scheme
transaction with time vesting and share price performance
conditions attached
---------------------------- -----------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
---------------------------- ---------------
GBP0.0625 575,000
------------------------------------------------------- ------------
d. Aggregated information 575,000 options over Ordinary Shares with
- Aggregated Volume an exercise price of GBP0.0625each
- Price
---------------------------- -----------------------------------------------------------
e. Date of the transaction 20 January 2022
---------------------------- -----------------------------------------------------------
f. Place of the transaction Outside a trading venue
---------------------------- -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name John Mark Seymour
-----------------------------------------------------------
2 Reason for notification
---------------------------- -----------------------------------------------------------
a. Position/Status Director of Haydale Ltd, a subsidiary of
Haydale Graphene Industries Plc
---------------------------- -----------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a. Name Haydale Graphene Industries Plc
----------------------------
b. LEI 213800KNULBQFF25IE72
---------------------------- -----------------------------------------------------------
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 Ordinary Shares of 2p each
the financial
instrument, type
of instrument
GB00BKWQ1135
Identification
Code
---------------------------- -----------------------------------------------------------
b. Nature of the Grant of options under the 2020 EMI Scheme
transaction with time vesting and share price performance
conditions attached
---------------------------- -----------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
---------------------------- ---------------
GBP0.0625 575,000
------------------------------------------------------- ------------
d. Aggregated information 575,000 options over Ordinary Shares with
- Aggregated Volume an exercise price of GBP0.0625 each
- Price
---------------------------- -----------------------------------------------------------
e. Date of the transaction 20 January 2022
---------------------------- -----------------------------------------------------------
f. Place of the transaction Outside a trading venue
---------------------------- -----------------------------------------------------------
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