Issue of Equity, PDMR Dealing and TVR
Updated : 18:19
21 October 2020
Applied Graphene Materials plc
("Applied Graphene Materials" or "the Company")
Issue of Equity, PDMR Dealing and Total Voting Rights
Applied Graphene Materials (LSE: AGM) (OTCQB: APGMF), the producer of specialty graphene materials, confirms that 59,296 ordinary shares of 2 pence each ("Ordinary Shares") have been issued by the Company in partial settlement of the annual bonus due to David Blain, Chief Financial Officer, as determined by the Company's Remuneration Committee. The Ordinary Shares have been issued at a deemed price of 34.8 pence per share, being the average of the daily closing share prices for the period from 14 October 2020 (being the date of announcement of the Company's results for the year ended 31 January 2020) to 16 October 2020. The Ordinary Shares issued to Mr Blain have all been sold at a price of 31.5 pence per share and therefore Mr Blain's holding remains unchanged at 33,380 Ordinary Shares, representing 0.07% of the total voting rights in the Company.
Application has been made to the London Stock Exchange for admission of 59,926 Ordinary Shares to trading on AIM and dealings are expected to commence on 23 October 2020 ("Admission"). Following Admission, the Company will have a total of 49,704,292 Ordinary Shares in issue with voting rights. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
N+1 Singer +44 (0) 207 496 3000
Peter Steel / Amanda Gray
Notes to Editors
For the last decade, Applied Graphene Materials has been at the forefront of harnessing the possibilities of graphene. Founded originally by Professor Karl Coleman, the Group has grown from an academic idea from Durham University to a world leader in the development and application of graphene nanoplatelet dispersions for customers in the coatings, composites and functional materials sectors.
The Group utilises its proprietary bottom-up manufacturing process to produce high purity graphene nanoplatelets. Their expertise in dispersion chemistry enables the Group to create optimised, stable and easy to handle dispersions that customers use in real-world industrial products. The Group's unique approach enables industries to fully realise the potential of graphene in a simple, safe and easy to formulate way.
The Group, based at the Wilton Centre on Teesside, was admitted to AIM in November 2013, raising £11 million. The Group successfully raised £8.5m in January 2016 and a further £9.8m in November 2017. Since August 2020, the Group's shares are also listed on OTCQX in the United States. As a result of the funding support and their industry leading technology platform, the Group has been able to develop a significant sales distribution network covering Europe, North America and a partner in Japan. The Group continues to work closely with industrial partners, and have seen the successful launch of numerous commercial products enhanced by their Graphene Dispersions.
https://www.appliedgraphenematerials.com/
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| David Blain | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Applied Graphene Materials plc | |||
b)
| LEI
| 213800OA661EWZOW5253 | |||
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 | Ordinary shares of £0.02 each | |||
Identification code | GB00BFSSB742 | ||||
| |||||
b)
| Nature of the transaction
| 1. Issue of Ordinary Shares in partial settlement of annual bonus 2. Sale of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
1. Issue of Ordinary Shares in partial settlement of annual bonus 2. Sale of Ordinary Shares |
| 34.8 pence
31.5 pence | 59,296
59,296 |
| |
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | In respect of 1 and 2 in 4(c): N/A - single transactions | ||||
- Price | |||||
e)
| Date of the transaction
| In respect of: 1. 19 October 2020 2. 21 October 2020 | |||
f)
| Place of the transaction
| In respect of 1: outside a trading venue; in respect of 2: London Stock Exchange, AIM Market (XLON) |
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