Result of Fundraising

2024

Result of Fundraising

09 September 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, JAPAN OR TO BE TRANSMITTED OR DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN HAYDALE GRAPHENE INDUSTRIES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

UNLESS OTHERWISE INDICATED, CAPITALISED TERMS IN THIS ANNOUNCEMENT HAVE THE MEANINGS GIVEN TO THEM IN THE DEFINITIONS SECTION INCLUDED IN THE APPENDIX TO THE COMPANY'S ANNOUNCEMENT OF 7.00 AM TODAY.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (596/2014/EU) ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

Haydale, the global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies, announces that further to its announcement at 7.00 a.m. today (the "Announcement"), it has successfully completed the Fundraising which is now closed.

The Fundraising has raised £2.98 million (gross) through the placing and subscription of 85,055,950 new Ordinary Shares, all at an Issue Price of 3.5 pence per share.

The funds raised by the Fundraising will be used predominantly as working capital to finance the operations of the Company.

Director Participation

The Directors of the Company, all of whom have agreed to subscribe for New Ordinary Shares, will subscribe for an aggregate of 1,999,998 New Ordinary Shares through the Subscription. It is expected that the Directors' interests following completion of the Fundraising (assuming all the New Ordinary Shares are issued) will be as follows:

Director	No. of New Ordinary Shares to be acquired pursuant to the terms of the Subscription	Aggregate value at Issue Price	Resulting holding following Admission	% of enlarged issued voting share capital
Keith Broadbent	285,714	£10,000	785,714	0.18%
Mark Chapman	285,714	£10,000	560,714	0.13%
David Banks	857,142	£30,000	3,098,809	0.73%
Theresa Wallis	428,571	£15,000	428,571	0.10%
Graham Eves	142,857	£5,000	142,857	0.03%

Admission and Total Voting Rights

The Placing and Subscription of the 85,055,950 new Ordinary Shares is conditional on Admission and is being carried out within the Company's existing share authority to issue Ordinary Shares for cash.

It is expected that the new Ordinary Shares will be admitted to trading on AIM at 8.00 a.m. on or around 15 September 2020 (or such later date as may be agreed between the Company and Arden, but no later than 29 September 2020).

Following the Admission, the total number of Ordinary Shares in the Company in issue will be 425,279,798. The Company holds no 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 under the FCA's Disclosure and Transparency Rules.

Related Party Transaction

Participation in the Placing by Quilter plc and in the Subscription by Anthony Best, both substantial shareholders as defined by the AIM Rules, are considered to be "related party transactions" under the AIM Rules. The Directors consider, having consulted with Arden Partners plc, the Company's Nominated Adviser, that the terms of participation for Quilter plc and Anthony Best in the Placing and Subscription respectively are fair and reasonable in so far as its Shareholders are concerned.

For further information:

Haydale Graphene Industries plc
Keith Broadbent, Chief Executive Officer	Tel: +44 (0) 1269 842 946

Arden Partners plc
Paul Shackleton / Benjamin Cryer - Corporate Finance Fraser Marshall - Corporate Banking	Tel: +44 (0) 20 7614 5900

The notifications below are made in accordance with the requirements of the EU regulation on market abuse.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keith Broadbent
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Haydale Graphene Industries plc
b)	LEI	213800KNULBQFF25IE72
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 2p each ISIN: GB00BKWQ1135
b)	Nature of the transaction	Subscription for new shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.5p	285,714
d)	Aggregated information
		n/a - single transaction
e)	Date of the transaction	9 September 2020
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Chapman
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Haydale Graphene Industries plc
b)	LEI	213800KNULBQFF25IE72
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 2p each ISIN: GB00BKWQ1135
b)	Nature of the transaction	Subscription for new shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.5p	285,714
d)	Aggregated information
		n/a - single transaction
e)	Date of the transaction	9 September 2020
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Banks
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Haydale Graphene Industries plc
b)	LEI	213800KNULBQFF25IE72
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 2p each ISIN: GB00BKWQ1135
b)	Nature of the transaction	Subscription for new shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.5p	857,142
d)	Aggregated information
		n/a - single transaction
e)	Date of the transaction	9 September 2020
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Theresa Wallis
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Haydale Graphene Industries plc
b)	LEI	213800KNULBQFF25IE72
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 2p each ISIN: GB00BKWQ1135
b)	Nature of the transaction	Subscription for new shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.5p	428,571
d)	Aggregated information
		n/a - single transaction
e)	Date of the transaction	9 September 2020
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Eves
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Haydale Graphene Industries plc
b)	LEI	213800KNULBQFF25IE72
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 2p each ISIN: GB00BKWQ1135
b)	Nature of the transaction	Subscription for new shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.5p	142,857
d)	Aggregated information
		n/a - single transaction
e)	Date of the transaction	9 September 2020
f)	Place of the transaction	Off Market

2023