Prospex Energy PLC Award of Options (3295F)
19 March 2022 - 2:30AM
UK Regulatory
TIDMPXEN
RNS Number : 3295F
Prospex Energy PLC
18 March 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
18 March 2022
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 6,700,000
share options in the Company to directors and other staff (the
"Options"). The new options awarded represent 2.71% 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
12,551,428 which represents 5.07% of the total issued share
capital.
The options have been awarded at 5p per share representing a
42.9% premium to 3.5p, the price at which the Company completed its
recent placing as announced on 23 February 2022 and a 26.9% premium
to the mid-market closing price of the Company's Ordinary Shares on
17 March 2022, 3.94p.
The Options vest immediately and are exercisable for a period of
three years.
The Options to be issued are set out below:-
Mark Routh 2,100,000
William Smith 900,000
----------
Alasdair Buchanan 900,000
----------
Richard Mays 900,000
----------
Other non-PDMR
staff 1,900,000
----------
Total 6,700,000
----------
Options currently held by directors:
Director Expiry Strike Expiry 31-March-2025 Strike Total
31-May-2023 Price Price
William
Smith 810,720 4.0p 21,669 76.25p 832,389
------------- ------- --------------------- ------- --------
Richard
Mays 810,720 4.0p 21,669 76.25p 832,389
------------- ------- --------------------- ------- --------
Directors' total after this award:
Director Number % of current
share capital
Mark Routh 2,100,000 0.85%
---------- ---------------
William Smith 1,732,389 0.70%
---------- ---------------
Richard Mays 1,732,389 0.70%
---------- ---------------
Alasdair Buchanan 900,000 0.36%
---------- ---------------
Total 6,464,778 2.61%
---------- ---------------
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.
* *S * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236
1177
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Tel: +44 (0) 20 7220
Lucy Williams Limited 9797
Susie Geliher St Brides Partners Tel: +44 (0) 20 7236
Ana Ribeiro Ltd 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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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)
5 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 18 March 2022
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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)
5 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 18 March 2022
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Mays
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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)
5 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 18 March 2022
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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)
5 pence 2,100,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 18 March 2022
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
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END
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