REG - Velocys PLC - Director/PDMR Shareholding

VelocysAnnouncement

14/01/2022 07:05

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RNS Number : 4099Y  Velocys PLC  14 January 2022

Velocys plc

("Velocys" or "the Company")

 

Grant of Share Options to Directors

 

Velocys plc (VLS.L), the sustainable fuels technology company, today announces
that, on 13 January 2022, Henrik Wareborn, Chief Executive Officer and a
director of the Company and Andrew Morris, Chief Financial Officer and a
director of the Company, were granted options ("Annual Awards") under the
Velocys 2021 Share Option Scheme over the Company's £0.01 Ordinary shares
("Ordinary Shares").  The Annual Awards, which have been made under the Rules
of the Velocys 2021 Share Option Scheme and are in line with the annual awards
made in respect of 2019 and 2020 are as follows:

 

 

 Name of Director  Type of share option  Number of share options granted  Exercise price  Vesting/            Number of share options as % of present issued share capital

                                                                                          Exercise

                                                                                          (See notes below)
 Henrik Wareborn   Annual Award 2021     2,343,750                        £0.08           Note 1              0.17%

 Andrew Morris     Annual Award 2021     2,109,375                        £0.08           Note 1              0.15%

 

Following these notifications:

 

(i)        Henrik Wareborn is interested in 2,318,445 Ordinary Shares
and Options over 15,858,253 Ordinary Shares of the Company, together
representing 1.30% of the present issued share capital of the Company.

 

(ii)         Andrew Morris is interested in 1,172,817 Ordinary Shares and
Options over 14,672,428 Ordinary Shares of the Company, together representing
1.14% of the present issued share capital of the Company.

 

The Annual Awards are in addition to grants of share options over 8,425,156
Ordinary Shares (representing 0.60% of the present issued share capital) to
Velocys' other key staff in respect of share awards for the 2021 financial
year.

 

The above options are subject to terms for Malus and Clawback and may not in
any event be exercised later than the day immediately preceding the tenth
anniversary of the date of grant.

 

Note 1:   The Annual Awards vest as to:

 

(i)         50% on the third anniversary of the date of grant and

(ii)         50% on the third anniversary of the date of grant subject
to the total market capitalisation of the Company being 50% higher on the
third anniversary of the date of grant compared with the market capitalisation
of the Company at the date of the grant.

- END -

 

 

 

Enquiries:

 

 Velocys                                                            +44 1865 800821

 Henrik Wareborn, CEO

 Andrew Morris, CFO

 Lak Siriwardene, Director of Communications & Sustainability

 Panmure Gordon (UK) Limited (Nomad and Joint Broker)               +44 20 7886 2500

 Emma Earl (Corporate Finance)

 John Prior (Corporate Finance)

 Hugh Rich (Corporate Broking)

 Shore Capital Stockbrokers Limited (Joint Broker)                  +44 20 7408 4090

 Henry Willcocks (Corporate Broking)

 Toby Gibbs (Corporate Advisory)

 James Thomas (Corporate Advisory)

 Buchanan (Financial PR)                                            +44 20 7466 5000

 Helen Tarbet

 Simon Compton

 Radnor Capital (Investor Relations)                                +44 20 3897 1830

 Joshua Cryer

 Iain Daly

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         a)   Henrik Wareborn

                                                                   b)   Andrew Morris
 2    Reason for the notification

 a)   Position/status                                              a)   Chief Executive Officer

                                                                   b)   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                                                         VELOCYS PLC

 b)   LEI                                                          549300KGMQV70HA5Y715

 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  Options over ordinary shares of £0.01 each

 b)   Identification code                                          ISIN: GB00B11SZ269

 c)   Nature of the transaction                                    Grant of share options

 d)   Price(s) and volume(s)

 Price(s)   Volume(s)
                                                                   a) 8 pence  a) 2,343,750

                                                            b) 8 pence  b) 2,109,375

 
 e)   Aggregated information

4,453,125

                                                                   8 pence

 f)   Date of the transaction                                      13 January 2022

 g)   Place of the transaction                                     Outside a trading venue

 

e)

 

Aggregated information

 

 

4,453,125

8 pence

 

f)

 

Date of the transaction

 

13 January 2022

g)

 

Place of the transaction

 

Outside a trading venue

 

 

Notes to Editors

 

Velocys is an LSE-listed, international sustainable fuels technology company,
traded on the AIM, providing clients with a technology solution to enable the
production of negative Carbon Intensity synthetic, drop-in fuels from a
variety of waste materials. SAF ('Sustainable Aviation Fuel') is the only
commercially available, permanent alternative to fossil aviation fuels.

The technology is IP-protected in all major jurisdictions.

Two reference projects in the US and UK (Bayou Fuels and Altalto) are designed
to accelerate the adoption and standardise the Velocys proprietary Fischer
Tropsch (FT) technology with an integrated end to end solution, including
renewable power and carbon sequestration. Velocys is enabling commercial scale
SAF production in response to the clean energy transition.

Velocys technology pathway is enabling the next generation of low carbon
sustainable fuels with significant additional positive air quality impacts.

www.velocys.com (http://www.velocys.com)

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