REG - Velocys PLC - Grant of Share Option to Director

VelocysAnnouncement

23/06/2022 07:00

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RNS Number : 8768P  Velocys PLC  23 June 2022

Velocys plc

("Velocys" or "the Company")

23 June 2022

 

Grant of Share Option to Director

 

Velocys plc (VLS.L), the sustainable fuels technology company, today announces
that, on 22 June 2022, Philip Sanderson, Chief Financial Officer and a
Director of the Company, was granted options ("Commencement Award") under the
Velocys 2021 Share Option Scheme over the Company's £0.01 Ordinary shares
("Ordinary Shares"). The Commencement Award has been made under the Rules of
the Velocys 2021 Share Option Scheme 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 note below)
 Philip Sanderson  Commencement Award    5,000,000                        £0.045          Note 1             0.36%

 

Following this notification, Philip Sanderson is interested in nil Ordinary
Shares and Options over 5,000,000 Ordinary Shares of the Company, together
representing 0.36% of the present issued share capital of the Company.

 

The above option is 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 Commencement Award vests on a time basis as to one third per annum
on the 1st, 2nd and 3rd anniversaries of the date of grant.

 

- END -

 

 

 

Enquiries:

 

 Velocys                                                            +44 1865 800821

 Henrik Wareborn, CEO

 Philip Sanderson, 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                                                         Philip Sanderson

 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                                                         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  Option over ordinary shares of £0.01 each

 b)   Identification code                                          ISIN: GB00B11SZ269

 c)   Nature of the transaction                                    Grant of share option

 d)   Price(s) and volume(s)

 Price(s)   Volume(s)
                                                                   4.5 pence   5,000,000

 
 e)   Aggregated information                                       5,000,000

                                                                   4.5 pence

 f)   Date of the transaction                                      22 June 2022

 g)   Place of the transaction                                     Outside a trading venue

 

e)

 

Aggregated information

 

5,000,000

4.5 pence

 

f)

 

Date of the transaction

 

22 June 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 customers with a technology solution to enable
the production of negative Carbon Intensity synthetic, drop-in fuels from a
variety of waste materials. Synthetic fuel is the only commercially available,
permanent alternative to fossil aviation fuels. The Velocys technology is
IP-protected in all major jurisdictions.

 

Two reference projects (Bayou Fuels, US, and Altalto, UK) 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 synthetic fuel production in response to
the clean energy transition, with significant additional positive air quality
impacts.

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

 

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