Acta : Director/PDMR Shareholding: Options Grant

Acta S.p.A.

( " Acta " or " the Company " )

Director/PDMR Shareholding: Options Grant

Acta S.p.A (AIM:ACTA), the clean energy products company, announces that following the recommendation of the Remuneration Committee on 28 May 2014, the Board approved the following grants of options over the Ordinary Shares of the Company to the following Directors pursuant to the 2014 Share Option Scheme (the "Options"), as set out below.  The grant of the Options is conditional upon approval by the shareholders at the Annual General Meeting, which has been convened for 26, 27 and 30 June 2014 and is expected to be held at the third calling, as is customary in Italy, on 30 June 2014.

The table below states the number of Options granted to the Directors under the 2014 Option Scheme, together with the total number of options available to each Director following the grant of the Options.

Details of the 2014 Share Option Scheme are as follows:

The exercise price of the Options is 12.0p per share, representing a premium of 100% over the closing mid-market price of 6.0p on 23 May 2014, being the last day of trading prior to the publication of the AGM notice.  The Options will vest two years after the date of their approval at the Shareholders' Meeting, and may be exercised within four years of vesting.

Other conditions of vesting, exercise and expiry of the Options are as determined by the Share Option Scheme Rules approved by the shareholders on 5 September 2007.

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About ActaS.p.A.

ActaS.p.A. is a developer and manufacturer of a range of clean energy products.  Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.

In April 2013 Acta launched the Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications.  Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power. 

This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service.  In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems. 

The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa.  Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).

Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.