Corporate News

Issue of Shares

10 April 2017

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Haydale (AIM:HAYD), the global nanomaterials group, announces that it has received a further approximate £1.3 million from Everpower, being part of the final tranche of the aggregate strategic investment pursuant to the Subscription Agreement with Everpower announced on 3 February 2017. Haydale has now received a total of approximately £3.12 million from Everpower. Accordingly, application has been made for 763,247 ordinary shares of 2 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM, with admission expected to occur on or around 12 April 2017 ("Admission"). Following Admission, Everpower's interest in Haydale will be 1,833,528 Ordinary Shares, representing approximately 9.5 per cent. of the Company.

The issue of the balance of the 275,482 Ordinary Shares remains subject to the balance of £0.47 million being received by Haydale, which includes the 191,728 Extension Shares announced on 31 March 2017.  The Board remains confident that the outstanding monies will be received, at which point, Haydale and Everpower will begin negotiating the exclusive binding collaboration agreement to manufacture, supply and market existing Haydale products and develop nanomaterials and new graphene products for the Chinese market (the "Collaboration Agreement").

Ray Gibbs, CEO of Haydale, said:

"Last week I, with some of our senior team, met government officials and commercial business leaders in Chengdu and Fuzhou. The week was a great success and sets the scene for our exclusive collaboration in China. The whole visit was very encouraging with significant interest in our conductive inks and Silicon Carbide. Additionally and most significantly, the recent increase in mechanical uplifts of carbon fibre pre preg achieved with our graphene has really excited the Chinese "in country" vehicle business looking at light weighting and incorporating graphene and other Haydale offerings to make the next generation automobile. We are now considering our China infrastructure to meet what is looking like substantial new opportunities for our graphene and nanomaterial products."

Unless otherwise stated, defined terms are set out in the Subscription Agreement announcement issued on 3 February 2017 and the Issue of Shares announcement issued on 31 March 2017.

The 763,247 new Ordinary Shares will be credited as fully paid and will rank pari passu with the Company's existing Ordinary Shares. Following Admission, the total number of voting rights in the Company will be 19,302,731 Ordinary Shares and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. Shareholders should note that due to an administrative error the total number of voting rights in the Company was overstated in the announcements issued at 07:00 and 16:00 on 31 March 2017 by 191,728 Ordinary Shares.


For further information:

Haydale Graphene Industries plc
Ray Gibbs, Chief Executive Officer
Matt Wood, Finance Director
Trevor Phillips, Head of Communications
Tel: +44 (0) 1269 842 946
Cairn Financial Advisers LLP (Nominated Adviser)
Tony Rawlinson / Emma Earl
Tel: +44 (0) 20 7213 0880
Cantor Fitzgerald Europe (Broker)
David Foreman / Will Goode (Corporate Finance)
David Banks / Mark Westcott (Sales)
Tel: +44 (0) 20 7894 7000
Media enquiries:
Henry Harrison-Topham / Jamie Hooper
[email protected]
Tel: +44 (0) 20 7466 5000


Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA and China and operates from four facilities in the UK, USA and the Far East.

For more information, please visit:
Twitter: @haydalegraphene