Director/PDMR Shareholding - Grant of Options
30th Apr 2025 11:42
30 April 2025
Gelion PLC
("Gelion", the "Company" or the "Group")
Director/PDMR Shareholding - Grant of Options
Gelion plc (AIM: GELN), the global energy storage innovator, announces the grant of options ("Options") to subscribe for new ordinary shares ("Ordinary Shares") to Amit Gupta, Chief Financial Officer, in accordance with the terms of the Group's Share Option Plan.
Mr Gupta was granted 283,402 Options on 30 April 2025 in recognition of his contributions to the Group in FY24 (July 2023 to June 2024). These Options have an exercise price of 0.1 pence and are subject to vesting and exercise conditions of the Share Option Plan as set out below. Following this grant, the total number of Options held by Amit Gupta is 967,060.
Subsequent to this issue of Options, the Group has approximately 14.73 million Options in issue, representing 9.9% of the Company's issued share capital.
Summary of terms of the Options
These Options are consistent with allocations granted to other executives of the Company; they will vest in three equal tranches with the final vesting on 31 August 2027, provided on each vesting date that Mr Gupta is in continuous employment with Gelion. The Options expire, to the extent that they have not been exercised, on 30 April 2035.
All Options are subject to both malus and clawback provisions and good and bad leaver provisions. All unvested options will vest in certain corporate events such as a takeover of the Company or a change of control. In these circumstances the Options would normally vest and become exercisable in full unless the Board decides that the Option will be pro-rated to take account of the date the corporate event took place during the normal vesting period.
Enquiries:
Gelion plc John Wood, CEOAmit Gupta, CFO Prof. Thomas Maschmeyer (Founder and Director) | via Alma |
Strand Hanson Limited (Nominated and Financial Adviser)Christopher Raggett / Rob Patrick | +44 (0) 20 7409 3494 |
Oberon Capital (Broker) Nick Lovering / Mike Seabrook / Adam Pollock | +44 (0) 20 3179 5300 |
Allenby Capital Limited (Joint Broker and Retail Offer Coordinator) Jos Pinnington / Guy McDougall (Sales and Corporate Broking) Alex Brearley / Ashur Joseph (Corporate Finance) | +44 (0) 20 3328 5656 |
Alma Strategic Communications (Financial PR)Justine James / Hannah Campbell / Will Ellis Hancock | +44 (0) 20 3405 0205 [email protected] |
The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation, as it forms part of UK law.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Amit Gupta | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Financial Officer (Director) | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Gelion plc | ||||
b) | LEI: | 2138008NC7YL3MCUDR84 | ||||
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: | Ordinary shares of 0.1p each ("Ordinary Shares") GB00BNBQZD59 | ||||
b) | Nature of the transaction: | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 (c) above | ||||
e) | Date of the transaction: | 30 April 2025 | ||||
f) | Place of the transaction: | Outside of a trading venue | ||||