Business
Share options and awards, LTIP and PDMR dealings
Share options and awards, LTIP and PDMR dealings.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 5652Z Haydale Graphene Industries PLC 18 December 2017 \n\nThe information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n\n\n\n\nFor immediate release\n\n\n18 December 2017\n\n\n\n\n \nHaydale Graphene Industries plc\n \n(\"Haydale\", \"the Company\" or the \"Group\")\n \nGrant of share options, implementation of long term incentive plan and grant of awards\nPDMR dealings\n \n \nHaydale (AIM: HAYD), the global graphene and nanomaterials group announces that on 15 December 2017, the Board of the Company (\"Board\") granted options (\"Options\") to a Director of the Company and to various key staff over an aggregate of 457,241 ordinary shares of 2p each in the capital of the Company (\"Ordinary Shares\") pursuant to the Company's approved EMI and unapproved share option schemes adopted by the Board on 4 April 2014. In addition, on 14 December 2017, the Company adopted a new Long-Term Incentive Plan (\"LTIP\") and on the same day the Board granted options over an aggregate of 1,981,336 Ordinary Shares (\"LTIP Awards\") pursuant to the LTIP Rules adopted by the Board on 14 November 2017. The grant of Options to a Director of the Company and the LTIP Awards to Directors are each related party transactions as defined in AIM Rule 13.\n \nOptions relating to the existing option schemes\nAll of the Options granted have an exercise price of 125.5p per Ordinary Share (being the closing mid-market price of the Company's Ordinary Shares on 14 December 2017, the day before the grant) and will vest on the third anniversary of grant. There are no other vesting criteria save for 50% of the Options granted to Mr Banks are also subject to a share price performance condition set out in the footnote below. On vesting, the Options will be exercisable until the tenth anniversary of grant.\n \nOf the Options granted, 290,933 were granted to directors of the Company and its subsidiaries, as follows:\n \n\n\n\n\nDirector's name\nand employing Group company\n\n\nNumber of Options granted\n\n\nT...