Source - LSE Regulatory
RNS Number : 2145M
Verditek PLC
20 September 2021
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

20 September 2021

 

Verditek PLC

("Verditek" or the "Company")

Grant of Share Options

Verditek PLC (AIM:VDTK), the international green technology company that develops, manufactures and sells advanced ultra-lightweight solar panels, wishes to inform the market that share options have been granted to the Company's CEO and Chairman.

Rob Richards (CEO) has been granted share options over 10 million shares and Lord David Willetts (Chairman) has been granted share options over 3 million shares. The exercise price is 3.8p, being the closing mid-market price as at 16 September 2021.

The options are subject to certain conditions, including a performance condition that the Company must have delivered EBITDA of at least £2m during a full financial year.

Following these grants, the interests of Rob Richards and Lord David Willetts are as follows:

Director

Existing Options

Options Granted

Total Options

Interest in Existing Issued Shares

Interest in Existing Issued Shares

Rob Richards

4,000,000

10,000,000

14,000,000

2,437,833

0.71%

Lord David Willetts

1,500,000

3,000,000

4,500,000



 

Verditek PLC

Director/PDMR Shareholding

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Rob Richards

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Verditek plc

b)

LEI

213800YWMHGTNXCWZC33

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

Identification code

Ordinary shares in Verditek plc

 

 

GB00BF2C0424 

b)

Nature of the transaction

Grant of share options

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

3.8 pence

10,000,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

17 September 2021

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

Verditek PLC

Director/PDMR Shareholding

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Lord David Willetts

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Verditek plc

b)

LEI

213800YWMHGTNXCWZC33

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

Identification code

Ordinary shares in Verditek plc

 

 

GB00BF2C0424 

b)

Nature of the transaction

Grant of share options

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

3.8 pence

3,000,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

17 September 2021

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

For further information:

Verditek plc 

 

Rob Richards, CEO

Vicki Johnson, CFO

 

WH Ireland Limited - NOMAD and Broker

Tel: +44 (0)20 7129 1110

Chris Hardie

Ben Good

 

Tel: +44 (0)20 7220 1666

About Verditek plc:

 

AIM listed Verditek plc is a holding company of a business operating within the green technology sector. The Company is focused on commercializing our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers that drive solar energy into applications previously unachievable. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing. In addition to our current PV panels in production, we have partnered with an outstanding leader in graphene technology, Paragraf. We are working together to engineer the technology for commercialization.

 

Verditek provides compelling commercial solutions that help to make our customer's businesses sustainable.

 

For more information please visit:   https://verditek.com/

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