Source - LSE Regulatory
RNS Number : 2143R
Prospex Energy PLC
28 February 2023
 

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

28 February 2023

Prospex Energy PLC

('Prospex' or the 'Company')

 

Award of Options

 

Prospex Energy PLC, the AIM quoted investment company focused on European energy projects, has today granted a total of 3,700,000 share options in the Company to directors and other staff (the "Options") following the annual review of staff remuneration.  The new options awarded represent 1.30% of the current issued share capital of the Company.  The new award results in the total number of options awarded to staff and management of 14,346,897 which represents 5.04% of the total issued share capital.

The options have been awarded at 12.25p per share representing a 2.04% premium to 12.0p, the closing price of Prospex shares on 27 February 2023.

The Options vest in three months' time on 1 June 2023 and are exercisable for a period of five years.

The Options to be issued are set out below:

Mark Routh

1,233,333

William Smith

370,000

Alasdair Buchanan

370,000

Other non-PDMR staff

1,726,667

Total

3,700,000

 

Options currently held by directors:

Director

Expiry 14/04/2025

Strike Price

Expiry 17/3/2025

Strike Price

Expiry 22/09/2027

Strike Price

Total

William Smith

21,669

75.0p

900,000

5.0p

900,000

8.15p

1,821,669

Alasdair Buchanan

-

-

900,000

5.0p

900,000

8.15p

1,800,000

Mark Routh

-

-

2,100,000

5.0p

900,000

8.15p

3,000,000

Total

21,669

-

3,900,000

-

2,700,000

-

6,621,669

 

Directors' total after this award:

Director

Number

% of current share capital

Mark Routh

4,233,333

1.49%

William Smith

2,191,669

0.77%

Alasdair Buchanan

2,170,000

0.76%

Total Directors

8,595,002

3.02%

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

* * ENDS * *

 

For further information visit www.prospex.energy or contact the following:

 

 

Mark Routh

Prospex Energy PLC

Tel: +44 (0) 20 7236 1177

Ritchie Balmer
Rory Murphy

Strand Hanson Limited

Tel: +44 (0) 20 7409 3494

Andrew Monk (Corporate Broking)
Andrew Raca/Alex Cabral (Corporate Finance)

VSA Capital Limited

Tel: +44 (0) 20 3005 5000

Colin Rowbury
Jon Belliss

Novum Securities Limited

Tel: +44 (0) 20 7399 9427

Susie Geliher
Ana
Ribeiro

St Brides Partners Limited

 

Tel: +44 (0) 20 7236 1177

 



 

 

PDMR Notification

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Smith

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 5 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

12.25 pence

 

370,000

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

28 February 2023

f)

Place of the transaction

AIM

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alasdair Buchanan

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

12.25 pence

 

370,000

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

28 February 2023

f)

Place of the transaction

AIM

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Routh

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

12.25 pence

 

1,233,333

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

28 February 2023

f)

Place of the transaction

AIM

 

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