"This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain."
19 May 2022
AMTE Power Plc
PDMR Dealing and Holding(s) in Company
AMTE Power Plc ("AMTE" or the "Company") announces that on 17 May 2022 it granted options to employees to subscribe for 1,255,273 new ordinary shares in the Company under the Company's EMI plan (together, the "Options").
All of the Options are exercisable at a price of 80.5 pence per share, reflecting the closing price on 17 May 2022. The Options granted will vest over the next four years, with 25% vesting on the first anniversary of the grant, and from thereon 2.08% for each month, conditional on achieving performance criteria and remaining in employment. The options are exercisable for a period of ten years from the grant date.
The ordinary shares under option represent in aggregate 3.5% of the Company's existing issued share capital.
Following the grant of the Options and taking into account existing options, the Company has a total of 2,437,084 new ordinary shares under option, representing 6.1% of the Company's issued share capital at the date of this announcement.
The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation in relation to persons discharging managerial responsibilities ("PDMRs"), are appended below.
For further information contact:
| AMTE Power plc Kevin Brundish (Chief Executive Officer) James Hobson (Chief Financial Officer) | Tel: +44 (0)1847 867 200 |
| WH Ireland Limited (NOMAD and Joint Broker) Chris Fielding / Ben Good | Tel: +44 (0)207 220 1666 |
| Panmure Gordon (UK) Limited (Joint Broker) John Prior / Harriette Johnson (Corporate Finance) Hugh Rich (Corporate Broking)
| Tel: +44 (0)207 886 2500 |
| Camarco Ginny Pulbrook / Tom Huddart / Rosie Driscoll | Tel: +44 (0)203 757 4992 |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Steven Farmer | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | PDMR | ||||
| b) | Initial notification / amendment | Initial notification 17 May 2022 | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | AMTE Power plc | ||||
| b) | LEI | 213800D4QZXUAZR6K870 | ||||
| 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 | EMI Options to subscribe for Ordinary Shares of 0.05p each
| ||||
| b) | Nature of the transaction(s) | Issue of options to subscribe for Ordinary Shares in consideration of payment of fees | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | 17 May 2022 | ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David Pell | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | PDMR | ||||
| b) | Initial notification / amendment | Initial notification 17 May 2022 | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | AMTE Power plc | ||||
| b) | LEI | 213800D4QZXUAZR6K870 | ||||
| 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 | Non tax advantaged options to subscribe for Ordinary Shares of 0.05p each
| ||||
| b) | Nature of the transaction(s) | Issue of options to subscribe for Ordinary Shares in consideration of payment of fees | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | 17 May 2022 | ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Stuart Paterson | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | PDMR | ||||
| b) | Initial notification / amendment | Initial notification 17 May 2022 | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | AMTE Power plc | ||||
| b) | LEI | 213800D4QZXUAZR6K870 | ||||
| 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 | EMI Options to subscribe for Ordinary Shares of 0.05p each
| ||||
| b) | Nature of the transaction(s) | Issue of options to subscribe for Ordinary Shares in consideration of payment of fees | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | 17 May 2022 | ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David John Burrin | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | PDMR | ||||
| b) | Initial notification / amendment | Initial notification 17 May 2022 | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | AMTE Power plc | ||||
| b) | LEI | 213800D4QZXUAZR6K870 | ||||
| 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 | EMI Options to subscribe for Ordinary Shares of 0.05p each
| ||||
| b) | Nature of the transaction(s) | Issue of options to subscribe for Ordinary Shares in consideration of payment of fees | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
| e) | Date of the transaction | 17 May 2022 | ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
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