TIDMALK

RNS Number : 8478B

Alkemy Capital Investments PLC

06 June 2023

6 June 2023

Alkemy Capital Investments Plc

Grant of Options

Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) (JV2:FRA) is pleased to announce that it has granted 430,000 share options at GBP1.75 per share, for a period of 5 years, to further align Directors, senior management and key staff with shareholders.

The share options will vest one-third immediately, one-third following completion of construction finance for train 1 of either TVL's LHM refinery in Teesside or the LSM refinery in Port Hedland, and one-third following commissioning of train 1 of either refinery.

In addition the share options will only be exerciseable if the share price of the Company is in excess of GBP5 per share for 10 consecutive days.

The grant of share options to directors is set out below:

 
                            Options   Exercise Price   Term 
 Paul Atherley (Chairman)   75,000    GBP1.75          5 years 
                           --------  ---------------  -------- 
 Sam Quinn (Director)       75,000    GBP1.75          5 years 
                           --------  ---------------  -------- 
 

Further information

For further information, please visit Alkemy's website: www.alkemycapital.co.uk or TVL's website www.teesvalleylithium.co.uk .

-Ends-

 
 Alkemy Capital Investments Plc   Tel: 0207 317 0636 
                                   info@alkemycapital.co.uk 
 VSA Capital Limited              Tel: 0203 005 5000 
 Shard Capital Partners LLP       Tel: 0207 186 9900 
 

NOTES TO EDITORS

Alkemy is seeking to establish the world's leading independent and sustainable lithium hydroxide production by developing state-of-the-art lithium sulphate and lithium hydroxide facilities in Australia and the UK.

Alkemy, through its wholly-owned subsidiary Tees Valley Lithium, has secured a 9.6 ha brownfields site with full planning permission at the Wilton International Chemicals Park in Teesside, a major UK Freeport, to build the UK's first and Europe's largest lithium hydroxide processing facility.

Tees Valley Lithium has completed a Class 4 Feasibility Study for its proposed lithium hydroxide refinery which will process feedstock imported from various sources to produce 96,000 tonnes of premium, low-carbon lithium hydroxide annually, representing around 15% of Europe's projected demand.

Alkemy has also secured a 43 ha site near Port Hedland, Western Australia to build a world-class sustainable lithium sulphate refinery that will provide reliable feedstock for Tees Valley Lithium.

Forward Looking Statements

This news release contains forward--looking information. The statements are based on reasonable assumptions and expectations of management and Alkemy provides no assurance that actual events will meet management's expectations. In certain cases, forward--looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Alkemy believes the expectations expressed in such forward--looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions as to how to develop the project, process the materials and exercise the options in respect of the lease, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Alkemy will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward--looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.

The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction listed above is set out below.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                       1. Paul Atherley 
                                                   2. Sam Quinn 
      ------------------------------  ----------------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                            1. Chairman 
                                                   2. Director 
      ------------------------------  ----------------------------------------------------- 
 b)    Initial notification            Intial Notification 
        /Amendment 
      ------------------------------  ----------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                            Alkemy Capital Investments PLC 
      ------------------------------  ----------------------------------------------------- 
 b)    LEI                             213800NW5GVIRMXSRL48 
      ------------------------------  ----------------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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              Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code             GB00BMD6C023 
 
 b)    Nature of the transaction       Grant of Share Options subject to 
                                        vesting conditions and only be exerciseable 
                                        if the share price of the Company's 
                                        ordinary shares is in excess of GBP5 
                                        per share for 10 consecutive days. 
      ------------------------------  ----------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                             ----------------------------  ------------ 
                                              Excersie Price(s)             Volume(s) 
                                             ----------------------------  ------------ 
                                                         1. 1.75            75,000 
                2. 1.75                                                      75,000 
   ----------------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume             N/A 
 
  - Price                         GBP1.75 
 
 e)    Date of the transaction         06/06/2023 
      ------------------------------  ----------------------------------------------------- 
 f)    Place of the transaction        Outside a trading venue 
      ------------------------------  ----------------------------------------------------- 
 

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END

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June 06, 2023 11:00 ET (15:00 GMT)

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