HAYDALE GRAPHENE INDUSTRIES PLC

Remuneration Information • Oct 17, 2016

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RNS Number : 6338M

Haydale Graphene Industries PLC

17 October 2016

17 October 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 14 October 2016, the Board of the Company awarded options ("Options") over an aggregate of 78,254 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 198.14p per Ordinary Share (being the closing mid-market price of the Company's Ordinary Shares on 13 October 2016, the day before the grant) and will vest on the third anniversary of grant. On vesting, the Options will be exercisable until the tenth 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 1,149,890.

Of the Options granted, 25,044 were granted to directors of subsidiaries of the Company as follows:

Name	Number of unapproved options granted	Total number of options held	Total beneficial holding of Ordinary Shares	Shareholding %
Trevor Rudderham	19,411	19,411	10,000	0.06
Komkrit Sajjaanantakul	5,633	5,633	-	-

The grant of options to directors of subsidiaries, as outlined above, is a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies.  Accordingly, the directors of the Company, all of whom are independent of these transactions consider, having consulted with the Company's nominated adviser, Cairn Financial Partners LLP, that the option grants to Messrs Rudderham and Sajjaanantakul, as outlined above, are fair and reasonable insofar as Shareholders are concerned.

The number of ordinary shares currently in issue is 17,033,585 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 7213 0170
Tony Rawlinson Emma Earl
Cantor Fitzgerald Europe (Broker)	+44 (0) 20 7894 7000
David Foreman (corporate finance) David Banks (corporate broking) Will Goode (corporate finance)
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.

www.haydale.com  Twitter: @haydalegraphene

This information is provided by RNS

The company news service from the London Stock Exchange

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