Business
Stock Appreciation Rights Plan and Warrant Deed
Stock Appreciation Rights Plan and Warrant Deed.
About this update from Haydale Plc
[{"type":"text","content":"\n \n \n RNS Number : 4624S\n Haydale Graphene Industries PLC\n 09 July 2020\n \n \n \n \n The 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 For immediate release\n \n \n 9 July 2020\n \n \n \n \n \n \n \n Haydale Graphene Industries plc\n \n \n \n \n \n (\"Haydale\", \"the Company\" or the \"Group\")\n \n \n \n \n Adoption of new Stock Appreciation Rights Plan and Grant of Stock Appreciation Rights\n Adoption of the new Warrant Deed and Grant of Warrants\n PDMR dealings\n \n \n Haydale (AIM: HAYD), the global advanced materials group announces that on 8 July 2020, the Company adopted the following:\n \n 1. The Haydale Technologies, Inc Stock Appreciation Rights Plan 2020 (\"HTI SAR\") and that the Board of the Company (\"Board\") has also granted Stock Appreciation Rights under the HTI SAR (\"2020SAR's\") to a director (\"Director\") and staff of the Group's wholly owned US subsidiary, Haydale Technologies, Inc, over an aggregate of 7,000,000 ordinary shares of 2p each in the capital of the Company (\"Ordinary Shares\") pursuant to the HTI SAR rules; and\n 2. The Warrant Deed 2020 (the \"Warrant Deed\") and that the Board has also granted Warrants under the Deed (\"2020Warrants\") to a key supplier to the Company over an aggregate of 1,000,000 Ordinary Shares pursuant to the Deed Rules.\n \n Background to the HTI SAR and the Warrant Deed\n On 14 January 2020, the Company announced the adoption of a new EMI share option scheme (\"2020 EMI Scheme\") noting that \"management changes at Haydale over the last 18 months, together with new strategic direction and new hires has meant that the Company's previous share incentive schemes were not relevant for the business today\". At the time, the Board consulted with a number of the Company's key shareholders and its advisers and noted that it would look to incentivise and reward key directors and staff of its overseas operations and other third-party agents that can positively impact the performance a...