HAYDALE GRAPHENE INDUSTRIES PLC

Share Issue/Capital Change • May 20, 2016

National Storage Mechanism | Additional information

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RNS Number : 8021Y

Haydale Graphene Industries PLC

20 May 2016

Haydale Graphene Industries plc

("Haydale" or the "Company")

Grant of options

Haydale (AIM: HAYD), the Group focused on the commercialisation of graphene and other nano particle products using their proprietary plasma process announces that on 19 May 2016, the Board of the Company awarded options ("Options") over an aggregate of 176,845 ordinary shares of 2p each in the capital of the Company ("Ordinary Shares") pursuant to the Company's approved and unapproved share option schemes adopted by the Board on 4 April 2014. 

All of the Options granted have an exercise price of 171.5p per Ordinary Share (being the closing mid-market price of the Company's Ordinary Shares on 18 May 2016, the day before the grant) and will vest on the third anniversary of grant. On vesting, the Options will be exercisable until the fifth anniversary of grant.  Following the grant of these Options, the Company's total number of options outstanding as at the date of this announcement is 1,081,636.

Of the Options granted, 44,780 were granted to the Company's executive directors following the agreement of the terms of the Options by the remuneration committee of the Board as follows:

Name	Number of approved options granted	Number of unapproved options granted	Total number of options held	Total beneficial holding of Ordinary Shares	Shareholding %
Ray Gibbs (CEO)	-	20,991	175,864	469,929	3.08
Dr Chris Spacie (CTO)	15,393	-	143,711	35,463	0.23
Matt Wood (FD)	-	8,396	47,870	3,571	0.02

Each director's grant of options, as outlined above, is considered to be a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies.  Accordingly, the independent directors of the Company (being John Knowles, Tony Belisario, Graham Eves, Roger Smith and Roger Humm) consider, having consulted with the Company's nominated adviser, Cairn Financial Partners LLP, that the terms of each director's grant of options, as outlined above, is fair and reasonable insofar as Shareholders are concerned.

The number of ordinary shares currently in issue is 15,236,946 and it is this number that has been used to calculate the above percentage shareholdings.

For further information, please contact:

Haydale Graphene Industries plc	+44 (0) 1269 842 946
John Knowles, Chairman Ray Gibbs, Chief Executive Officer
Cairn Financial Advisers LLP (Nomad)	+44 (0) 20 7148 7900
Tony Rawlinson Emma Earl
Cantor Fitzgerald Europe (Broker)	+44 (0) 20 7894 7000
David Foreman David Banks Will Goode
Hermes Financial PR
Trevor Phillips Chris Steele	+44 (0) 7889 153 628 +44 (0) 7979 604 687

About Haydale

Haydale has developed a patented scalable plasma process to functionalise graphene and other nanomaterials. This enabling technology can provide Haydale with a rapid and highly cost-efficient method of supplying tailored solutions to enhance applications for both raw material suppliers and product manufacturers.

Functionalisation is carried out through a low-pressure plasma process that treats both mined, organic fine powder and other synthetically produced nanomaterial powders, producing high-quality few layered graphenes and graphene nanoplatelets. The process can functionalise with a range of chemical groups, with the level of functionalisation tailored to the customer's needs. Good dispersion improves the properties and performance of the host material and ensures the final product performs as specified.

The Haydale plasma process does not use wet chemistry, nor does it damage the material being processed; rather, it can clean up any impurities inherent in the raw material. The technology is a low energy user and most importantly environmentally friendly.  The Haydale process is an enabling technology, allowing the Group to work with a raw material producer who seeks to add value to the base product and tailor the outputs to meet the target applications of the end user.

Haydale, based in South Wales and housed in a purpose-built facility for processing and handling nanomaterials, is facilitating the application of graphenes and other nanomaterials in fields such as inks, sensors, energy storage, composites, paints and coatings.

www.haydale.com  Twitter: @haydalegraphene

This information is provided by RNS

The company news service from the London Stock Exchange

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