20th Jan 2010 07:00
20 January 2010
Acta S.p.A.
Director/PDMR Shareholding
Acta S.p.A (the "Company") announces today that, following the recommendation of the Remuneration Committee, on 19 January 2009 the Board approved the following grants of options over the Ordinary Shares of the Company to the Directors pursuant to the 2010 Share Option Scheme (the "Options"). The grant of the Options is conditional upon approval by the shareholders at the Shareholders' Meeting.
The table below states the number of Options granted to the Directors under the 2010 Option Scheme, together with the total number of options available to each Director following the grant of Options.
|
Name |
Title |
Number of Options granted |
Total options held following grant |
|
Paolo Bert |
Chief Executive Officer |
509,024 |
2,168,788 |
|
Paul Barritt |
Chief Financial Officer |
303,990 |
777,653 |
|
Robert Drummond |
Non-Executive Chairman |
96,885 |
261,657 |
|
Fabio Mastrangelo |
Non-Executive Director |
83,045 |
206,486 |
|
Marco Casoni |
Non-Executive Director |
69,203 |
186,925 |
Details of the 2010 Share Option Scheme are as follows:
The exercise price of the Options is 15.0p per share, representing a premium of 7% over the closing mid-market price of 14.0p on 18 January 2010. The Options will vest two years after the date of their approval at the Shareholders' Meeting, and may be exercised within four years of vesting.
Other conditions of vesting, exercise and expiry of the Options are as determined by the Share Option Scheme Rules approved by the shareholders on 5 September 2007.
- Ends -
For further information please contact:
|
Acta S.p.A |
|
|
Paul Barritt, Chief Financial Officer |
Tel: +39 050 644281 |
|
Charles Stanley Securities |
Tel: +44 (0)20 7149 6000 |
|
Nominated Adviser |
|
|
Russell Cook / Freddy Crossley |
Notes to Editors
About Acta
Acta develops and manufactures clean technology products and unique patented catalysts which have been launched to the renewable energy, automotive, battery and industrial markets. Acta is also developing other commercial opportunities using its catalysts for industrial waste treatment.
Acta's catalysts and alkaline system know-how are at the heart of the Company's development of a new, high pressure water electrolyser technology which has demonstrated low cost, platinum free, high pressure hydrogen generation. Combined with a platinum free fuel cell, the system offers a solution to the problem of how to store surplus energy produced from large scale, intermittent renewable energy sources (eg wind farms). In addition, the low cost, small size and simplicity of the hydrogen generator makes it ideally suited as a recharger of commercial fuel cell applications (fuel cell bikes, electrical generators, UPS systems, etc).
Acta's catalysts are also undergoing customer tests in applications such as ammonia treatment (removal of ammonia from an industrial waste stream), and zinc-air batteries (a high performance and environmentally friendly battery technology), as well as fuel cell and other applications.
Related Shares:
ACTA.L