Gelion PLC Director/PDMR Shareholding - Grant of options (5625W)
13 Diciembre 2023 - 1:00AM
UK Regulatory
TIDMGELN
RNS Number : 5625W
Gelion PLC
13 December 2023
13 December 2023
Gelion PLC
(the "Company" or the "Group")
Director/PDMR Shareholding - Grant of options
Gelion plc (AIM: GELN), the Anglo-Australian energy storage
innovator, announces the grant of options ("Options") to subscribe
for new ordinary shares ("Ordinary Shares") to Amit Gupta, Chief
Financial Officer, in accordance with the terms of the Group's
Share Option Plan.
Mr Gupta was granted 259,370 Options on 13 December 2023. These
Options have an exercise price of 0.1 pence and are subject to
vesting and exercise conditions of the Share Option Plan as set out
below. Following this grant the total number of Options held by
Amit Gupta is 695,802. These Options have been granted to Mr Gupta
in recognition of his contributions to the Group in FY23.
Subsequent to this issue of Options, the Group has approximately
11.04 million Options in issue, representing 8.1% of the Company's
issued share capital.
Summary of terms of these Options
These Options will vest in three equal tranches with the final
vesting on 31 August 2026 provided on each vesting that Mr Gupta is
in continuous employment with Gelion. The Options expire, to the
extent that they have not been exercised, on 13 December 2033.
All Options are subject to both malus and clawback provisions
and good and bad leaver provisions. All unvested options will vest
in certain corporate events such as a takeover of the company or a
change of control. In these circumstances the Options would
normally vest and become exercisable in full unless the Board
decides that the Option will be pro-rated to take account of the
date the corporate event took place during the normal vesting
period.
Enquiries :
Gelion plc via Alma
John Wood, CEO
Amit Gupta, CFO
Thomas Maschmeyer, Founder and Principal
Technology Advisor
Cavendish Capital Markets Limited (Nominated
Adviser and Sole Broker) +44 207 220 0500
Corporate Finance
Neil McDonald
Seamus Fricker
Fergus Sullivan
ECM
Barney Hayward
Alma Strategic Communications +44 20 3405 0205
Justine James gelion@almastrategic.com
Hannah Campbell
Will Ellis Hancock
The Notification of Dealing Form set out below is provided in
accordance with the requirements of the EU Market Abuse
Regulation.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Amit Gupta
------------------------------------ ---------------------------------
Reason for the notification
2.
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a) Position/status: Chief Financial Officer
------------------------------------ ---------------------------------
b) Initial notification/Amendment: Initial notification
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Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Gelion plc
------------------------------------ ---------------------------------
b) LEI: 2138008NC7YL3MCUDR84
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Details of the transaction(s): section to be repeated for
4. (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 financial Ordinary shares of 0.1p each
instrument, type of instrument: ("Ordinary Shares")
Identification code: GB00BNBQZD59
------------------------------------ ---------------------------------
b) Nature of the transaction: Grant of options
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 259,370
----------
------------------------------------ ---------------------------------
d) Aggregated information: Single transaction as in 4 (c)
* Aggregated volume: above
* Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 13 December 2023
------------------------------------ ---------------------------------
f) Place of the transaction: Outside of a trading venue
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END
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