PDMR Dealing and Holding(s) in Company

RNS Number : 0111M

AMTE Power PLC

19 May 2022

 

"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: [phone]
WH Ireland Limited (NOMAD and Joint Broker) Chris Fielding / Ben Good	Tel: [phone]
Panmure Gordon (UK) Limited (Joint Broker) John Prior / Harriette Johnson (Corporate Finance) Hugh Rich (Corporate Broking)	Tel: [phone]
Camarco Ginny Pulbrook / Tom Huddart / Rosie Driscoll	Tel: [phone]

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 ISIN: GB00BNQRZZ55
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)	Price(s) Volume(s) Exercise price of 80.5p 130,450
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 ISIN: GB00BNQRZZ55
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)	Price(s) Volume(s) Exercise price of 80.5p 118,025
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 ISIN: GB00BNQRZZ55
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)	Price(s) Volume(s) Exercise price of 80.5p 99,400
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 ISIN: GB00BNQRZZ55
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)	Price(s) Volume(s) Exercise price of 80.5p 236,050
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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