Issue of Share Options and PDMR notification

Time To ACT PLC

07 October 2024

 

7 October 2024

Time To ACT plc

("Time To ACT", "the Company" or "the Group")

Issue of Share Options and PDMR notification

Time To ACT plc (AQSE: TTA), an engineering-led group focused on technology for the energy transition supply chain, announces that it has granted 504,933 share options ("Options") over the Company's ordinary shares of £0.01 each ("Ordinary Shares") under the Company's Enterprise Management Incentive Share Option Programme to certain directors and employees of the Company.

368,000 Options were granted to Directors as follows :

·    200,000 Options  to Gary Wallace, Chief Financial Officer

·    150,000 to Jason Moody, Chief Operating Officer.

·    The Non-Executive Directors, Andrew Hall and Rich Furniss were issued 12,000 and 6,000 respectively.

The Options granted are exercisable at 50p per Ordinary Share (being the price of the Initial Public Offering on 29 May 2024). The vesting period is one year from the date of grant and they expire ten years from the date of grant.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 

The Directors of the Company take responsibility for this announcement.**ENDS**

For more information, please visit investors.timetoactplc.com/announcements or contact the following:

Time To ACT plc Chris Heminway, Executive Chairman Gary Wallace, Chief Financial Officer	Tel: [phone] Email: [e-mail] Email: [e-mail]
Novum Securities Limited, AQSE Corporate Advisor David Coffman, Daniel Harris, George Duxberry	Tel: [phone]
Oberon Capital, Corporate Broker Nick Lovering, Adam Pollock, Mike Seabrook	Tel: [phone]
St Brides Partners Ltd, Financial PR Ana Ribeiro / Paul Dulieu	Tel: [phone] Email: [e-mail]

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About Time To ACT plc

Time To ACT plc is an engineering-led group focused on technology for the energy transition supply chain. It currently has two principal operating businesses: Diffusion Alloys and GreenSpur. As the parent company of the Group, Time To ACT provides strategic and operational support to the operating companies and capital to enable their growth.

About GreenSpur

GreenSpur is an intellectual property creator and generator designer that has developed a credible solution for  renewable energy applications to the Rare Earth magnet problem.

Magnets constructed using Rare Earth Elements (REEs) are fundamental components in electrical generators and electric vehicle motors which are critical to delivering the clean energy transition. However, there are substantial supply chain constraints and risks in the sourcing of REEs that are needed for these magnets.

GreenSpur's generator design eliminates the need for Rare Earth magnets and copper coils without any loss in electrical performance. 

About Diffusion Alloys 

Diffusion Alloys supplies diffusion coatings. A diffusion coating is an intermetallic layer that protects metal components from degradation at high temperatures and in highly corrosive environments, such as those found in hydrogen and nuclear energy generation.

Diffusion Alloys has joined forces with Johnson Matthey plc, the market leaders in synthesis gas ("syngas") with a significant pipeline of Blue Hydrogen projects, to scale-up production and address the increasing demand for low carbon hydrogen used to reduce global carbon emissions.

In addition to working for numerous historic and existing customers, the Directors believe that Diffusion Alloys is the only credible diffusion coater in the world for blue hydrogen components, has already been coating in volume for a leading European vendor in the green hydrogen space and is also in pre-commercial discussions with new cleantech equipment manufacturers.

Diffusion Alloys has two distinct areas of focus:
· Coating Technology: Selling technical excellence in coating capability supported by the concept of
"flexible capacity" - the ability to provide customers with capacity wherever they need it, whether for
the coating of Large Parts or Small Parts.
· Coating Services: Plant-led coatings business centred on its Middlesbrough site.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1)   Gary Wallace 2)   Jason Moody 3)   Andrew Hall 4)   Rich Furniss
2.	Reason for the notification
a)	Position/status:	1)   CFO 2)   COO 3)   NED 4)   NED
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Time To ACT plc
b)	LEI:	2138009OCGXGOECVYL62
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:	Options over Ordinary shares of 1 pence each ISIN Code: GB00BP2BXN97
b)	Nature of the transaction:	Grant of Options
c)	Price(s) and volume(s):	Price(s) Volume(s) 1)   50p 200,000 2)   50p 150,000 3)   50p 12,000 4)   50p 6,000
d)	Aggregated information: · Aggregated volume: · Price:	368,000 50p
e)	Date of the transaction:	4 October 2024
f)	Place of the transaction:	Outside of a trading venue

 

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