22 October 2021
i3 Energy plc
("i3", "i3 Energy", or the "Company")
Exercise of Options and Share Issuance
i3 Energy plc announces that a director and an employee have exercised options over 1,400,000 shares in the Company. Application will be made for these shares to be admitted to trading on AIM and are expected to be admitted on 28 October 2021. The following table shows options being exercised and the resulting shareholding of persons discharging managerial responsibility:
| Name | Position | Options exercised | Shares held following exercise | Shareholding |
| Linda Beal | Non-executive Chairperson | 400,000 | 700,000 | 0.06% |
The Company now has in issue 1,126,425,992 ordinary shares of £0.0001 each. Shareholders may use this figure of ordinary shares as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
END
Enquiries:
| | i3 Energy plc | |
| | Majid Shafiq (CEO) / Graham Heath (CFO) | c/o Camarco Tel: +44 (0) 203 781 8331 |
| | WH Ireland Limited (Nomad and Joint Broker) | |
| | James Joyce, Darshan Patel | Tel: +44 (0) 207 220 1666 |
| | Canaccord Genuity Limited (Joint Broker) | |
| | Henry Fitzgerald- O'Connor, James Asensio | Tel: +44 (0) 207 523 8000
|
| | Tennyson Securities (Joint Broker) Peter Krens
| Tel: +44 (0) 207 186 9030
|
| | Camarco Owen Roberts, James Crothers, Violet Wilson |
Tel: +44 (0) 203 781 8331 |
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance ("ESG") practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock Exchange. For further information on i3 Energy please visit https://i3.energy/
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
|
| | NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM |
| ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||
| a) | Name | Linda Beal | |||||||
| 2 | Reason for the notification | ||||||||
| a) | Position/status | Non-Executive Chairperson | |||||||
| b) | Initial notification/ Amendment | Initial | |||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
| a) | Name | i3 Energy PLC | |||||||
| b) | LEI | 213800949OZA9QA9FS17 | |||||||
| 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 | Options over ordinary shares
ISIN: GB00BDHXPJ60 | |||||||
| b) | Nature of the transaction | Exercise of options | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information - Aggregated volume - Price |
400,000 £0.05 | |||||||
| e) | Date of the transaction | 20/10/2021 | |||||||
| f) | Place of the transaction | London Stock Exchange (AIM) | |||||||
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