Time To ACT plc Grants Share Options to Directors and Employees for Energy Transition Focus
Key Ideas
- Time To ACT plc granted 504,933 share options to directors and employees under the Enterprise Management Incentive Share Option Programme.
- GreenSpur, a subsidiary, developed a solution for renewable energy applications to address the Rare Earth magnet supply chain problem.
- Diffusion Alloys, another subsidiary, specializes in coatings to protect metal components in hydrogen and nuclear energy generation processes.
- The company is strategically positioned to support the clean energy transition through technology and operational support to its operating businesses.
Time To ACT plc, an engineering-led group focused on technology for the energy transition supply chain, announced the issuance of 504,933 share options to certain directors and employees under its Enterprise Management Incentive Share Option Programme. The options were granted at 50p per Ordinary Share and have a vesting period of one year and expire ten years from the date of grant.
GreenSpur, a subsidiary of Time To ACT, has developed a solution to the Rare Earth magnet supply chain problem in renewable energy applications. Their generator design eliminates the need for Rare Earth magnets and copper coils without sacrificing electrical performance.
Diffusion Alloys, another subsidiary, specializes in diffusion coatings to protect metal components in high-temperature and corrosive environments, particularly in hydrogen and nuclear energy generation. The company has partnered with Johnson Matthey plc to scale up production for Blue Hydrogen projects.
Time To ACT plc provides strategic and operational support to its operating businesses, including GreenSpur and Diffusion Alloys, to enable their growth and contribute to the clean energy transition. The company's focus on technology and innovation positions it well to address the challenges in the energy transition supply chain.