30th Nov 2022 09:50
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 new Share Option Plan.
Mr Gupta was granted 36,432 Options on 21 November 2022. These Options have an exercise price of 0.1 pence and are subject to vesting and exercise conditions of the new Share Option Plan as set out below. Following this grant the total number of Options held by Amit Gupta is 436,432. These Options have been granted to Mr Gupta in recognition of his contributions in Gelion's first year as an AIM quoted company.
Subsequent to this issue of Options, the Group has approximately 5.98 million Options in issue, representing 5.5 % 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 2025 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 21 November 2032.
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 Steve Mahon, Chairman John Wood, CEO Thomas Maschmeyer, Founder and Principal Technology Advisor
| via Alma PR |
finnCap Ltd (Nominated Adviser and Sole Broker) | +44 207 220 0500 |
Corporate Finance Christopher Raggett Seamus Fricker Fergus Sullivan
ECM Barney Hayward
| |
Alma PR (Financial PR Adviser) Justine James Josh Royston Hannah Campbell Will Ellis-Hancock | +44 20 3405 0205 |
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 closely associated | ||||||
a) | Name: | Amit Gupta | ||||
1. | Reason for the notification | |||||
a) | Position/status: | Chief Financial Officer | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
2. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Gelion plc | ||||
b) | LEI: | 2138008NC7YL3MCUDR84 | ||||
3. | 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 of the financial instrument, type of instrument: Identification code: | Ordinary shares of 0.1p each ("Ordinary Shares") GB00BNBQZD59 | ||||
b) | Nature of the transaction: | Grant of options | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A
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e) | Date of the transaction: | 21 November 2022 | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
Related Shares:
Gelion