Business
Grant of Options
Grant of Options.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\n \n6 June 2023\n \nAlkemy Capital Investments Plc\nGrant of Options\n \nAlkemy Capital Investments plc (\"Alkemy\") (LSE: ALK) (JV2:FRA) is pleased to announce that it has granted 430,000 share options at £1.75 per share, for a period of 5 years, to further align Directors, senior management and key staff with shareholders. \nThe 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.\nIn addition the share options will only be exerciseable if the share price of the Company is in excess of £5 per share for 10 consecutive days.\nThe grant of share options to directors is set out below:\n\n\n\n\n\n\nOptions\n\n\nExercise Price\n\n\nTerm\n\n\n\n\nPaul Atherley (Chairman)\n\n\n75,000\n\n\n£1.75\n\n\n5 years\n\n\n\n\nSam Quinn (Director)\n\n\n75,000\n\n\n£1.75\n\n\n5 years\n\n\n\n \nFurther information\nFor further information, please visit Alkemy's website: www.alkemycapital.co.uk or TVL's website www.teesvalleylithium.co.uk.\n \n-Ends-\n\n\n\nAlkemy Capital Investments Plc\n \n\n\nTel: 0207 317 0636\[email protected]\n\n\n\n\nVSA Capital Limited\n\n\nTel: 0203 005 5000\n\n\n\n\nShard Capital Partners LLP\n\n\nTel: 0207 186 9900\n\n\n\n \n \nNOTES TO EDITORS\nAlkemy 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.\n \nAlkemy, 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.\n \nTees 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.\n \nAlkemy has also secured a 43 ha site near Port Hedland, Western Australia to build...