REG - Gelion PLC - Director/PDMR Shareholding - Grant of options

GelionAnnouncement

30/11/2022 10:00

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RNS Number : 0777I  Gelion PLC  30 November 2022

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                                                    via Alma PR

 Steve Mahon, Chairman

 John Wood, CEO

 Thomas Maschmeyer, Founder and Principal Technology Advisor

 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)                                +44 20 3405 0205

 Justine James                                                 gelion@almapr.co.uk

 Josh Royston

 Hannah Campbell

 Will Ellis-Hancock

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:  Ordinary shares of 0.1p each ("Ordinary Shares")

       Identification code:                                          GB00BNBQZD59
 b)    Nature of the transaction:                                    Grant of options
 c)    Price(s) and volume(s):

Price(s)  Volume(s)
                                                                     0.1p      36,432

 
 d)    Aggregated information:                                       N/A

       · Aggregated volume:

       · Price:
 e)    Date of the transaction:                                      21 November 2022
 f)    Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

· Aggregated volume:

· Price:

N/A

 

e)

Date of the transaction:

21 November 2022

f)

Place of the transaction:

Outside a trading venue

 

 

 

 

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