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

GelionAnnouncement

13/12/2023 07:15

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RNS Number : 5625W  Gelion PLC  13 December 2023

13 December 2023

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 Share Option Plan.

 

Mr Gupta was granted 259,370 Options on 13 December 2023. These Options have
an exercise price of 0.1 pence and are subject to vesting and exercise
conditions of the Share Option Plan as set out below. Following this grant the
total number of Options held by Amit Gupta is 695,802. These Options have
been granted to Mr Gupta in recognition of his contributions to the Group in
FY23.

Subsequent to this issue of Options, the Group has approximately 11.04 million
Options in issue, representing 8.1% 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 2026 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 13 December 2033.

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

 John Wood, CEO

 Amit Gupta, CFO

 Thomas Maschmeyer, Founder and Principal Technology Advisor

 Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)  +44 207 220 0500
 Corporate Finance

    Neil McDonald

 Seamus Fricker

 Fergus Sullivan

 ECM

 Barney Hayward

 Alma Strategic Communications                                          +44 20 3405 0205

 Justine James                                                          gelion@almastrategic.com

 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.

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Amit Gupta
 2.    Reason for the notification
 a)    Position/status:                                              Chief Financial Officer
 b)    Initial notification/Amendment:                               Initial notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name:                                                         Gelion plc
 b)    LEI:                                                          2138008NC7YL3MCUDR84
 4.    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      259,370
 d)    Aggregated information:                                       Single transaction as in 4 (c) above

       · Aggregated volume:

       · Price:
 e)    Date of the transaction:                                      13 December 2023
 f)    Place of the transaction:                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume:

· Price:

Single transaction as in 4 (c) above

e)

Date of the transaction:

13 December 2023

f)

Place of the transaction:

Outside of a trading venue

 

 

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