Velocys PLC Director/PDMR Shareholding (4099Y)
14 Enero 2022 - 1:00AM
UK Regulatory
TIDMVLS
RNS Number : 4099Y
Velocys PLC
14 January 2022
Velocys plc
("Velocys" or "the Company")
Grant of Share Options to Directors
Velocys plc (VLS.L), the sustainable fuels technology company,
today announces that, on 13 January 2022, Henrik Wareborn, Chief
Executive Officer and a director of the Company and Andrew Morris,
Chief Financial Officer and a director of the Company, were granted
options ("Annual Awards") under the Velocys 2021 Share Option
Scheme over the Company's GBP0.01 Ordinary shares ("Ordinary
Shares"). The Annual Awards, which have been made under the Rules
of the Velocys 2021 Share Option Scheme and are in line with the
annual awards made in respect of 2019 and 2020 are as follows:
Name of Director Type of share Number of Exercise Vesting/ Number of share
option share options price Exercise options as % of
granted (See notes present issued
below) share capital
Annual Award
Henrik Wareborn 2021 2,343,750 GBP0.08 Note 1 0.17%
--------------- --------------- --------- ------------ -----------------
Annual Award
Andrew Morris 2021 2,109,375 GBP0.08 Note 1 0.15%
--------------- --------------- --------- ------------ -----------------
Following these notifications:
(i) Henrik Wareborn is interested in 2,318,445 Ordinary Shares
and Options over 15,858,253 Ordinary Shares of the Company,
together representing 1.30% of the present issued share capital of
the Company.
(ii) Andrew Morris is interested in 1,172,817 Ordinary Shares
and Options over 14,672,428 Ordinary Shares of the Company,
together representing 1.14% of the present issued share capital of
the Company.
The Annual Awards are in addition to grants of share options
over 8,425,156 Ordinary Shares (representing 0.60% of the present
issued share capital) to Velocys' other key staff in respect of
share awards for the 2021 financial year.
The above options are subject to terms for Malus and Clawback
and may not in any event be exercised later than the day
immediately preceding the tenth anniversary of the date of
grant.
Note 1: The Annual Awards vest as to:
(i) 50% on the third anniversary of the date of grant and
(ii) 50% on the third anniversary of the date of grant subject
to the total market capitalisation of the Company being 50% higher
on the third anniversary of the date of grant compared with the
market capitalisation of the Company at the date of the grant.
- END -
Enquiries:
Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Director of Communications
& Sustainability +44 1865 800821
Panmure Gordon (UK) Limited (Nomad and Joint
Broker)
Emma Earl (Corporate Finance)
John Prior (Corporate Finance)
Hugh Rich (Corporate Broking) +44 20 7886 2500
Shore Capital Stockbrokers Limited (Joint
Broker)
Henry Willcocks (Corporate Broking)
Toby Gibbs (Corporate Advisory)
James Thomas (Corporate Advisory) +44 20 7408 4090
Buchanan (Financial PR)
Helen Tarbet
Simon Compton +44 20 7466 5000
Radnor Capital (Investor Relations)
Joshua Cryer
Iain Daly +44 20 3897 1830
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
a) Name a) Henrik Wareborn
b) Andrew Morris
--------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status a) Chief Executive Officer
b) Chief Financial Officer
--------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name VELOCYS PLC
--------------------- ---------------------------------------------
b) LEI 549300KGMQV70HA5Y715
--------------------- ---------------------------------------------
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 Options over ordinary shares of GBP0.01 each
of the financial
instrument,
type of instrument
--------------------- ---------------------------------------------
b) Identification ISIN: GB00B11SZ269
code
--------------------- ---------------------------------------------
c) Nature of the Grant of share options
transaction
--------------------- ---------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) a) 8 pence a) 2,343,750
-------------
b) 8 pence b) 2,109,375
-------------
--------------------- ---------------------------------------------
e) Aggregated
information
4,453,125
8 pence
--------------------- ---------------------------------------------
f) Date of the 13 January 2022
transaction
--------------------- ---------------------------------------------
g) Place of the Outside a trading venue
transaction
--------------------- ---------------------------------------------
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels
technology company, traded on the AIM, providing clients with a
technology solution to enable the production of negative Carbon
Intensity synthetic, drop-in fuels from a variety of waste
materials. SAF ('Sustainable Aviation Fuel') is the only
commercially available, permanent alternative to fossil aviation
fuels.
The technology is IP-protected in all major jurisdictions.
Two reference projects in the US and UK (Bayou Fuels and
Altalto) are designed to accelerate the adoption and standardise
the Velocys proprietary Fischer Tropsch (FT) technology with an
integrated end to end solution, including renewable power and
carbon sequestration. Velocys is enabling commercial scale SAF
production in response to the clean energy transition.
Velocys technology pathway is enabling the next generation of
low carbon sustainable fuels with significant additional positive
air quality impacts.
www.velocys.com
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END
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