Star Energy Group PLC Grant of Awards (8280M)
19 September 2023 - 4:00PM
UK Regulatory
TIDMSTAR
RNS Number : 8280M
Star Energy Group PLC
19 September 2023
19 September 2023
Star Energy Group plc (AIM: STAR)
("Star Energy" or "the Company" or "the Group")
Grant of awards under the Star Energy Group plc Executive
Incentive Plan
The Company announces that it has issued options under a
long-term incentive plan to certain Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and other key employees of
the Group.
The individual's award will vest and become exercisable on the
first anniversary of the date of grant of the options, 14 September
2023, subject to continued employment. The awards will vest on the
condition that a share price of at least 15p is achieved.
The grant of nil cost options over ordinary shares of the
Company of nominal value 0.002 pence per share under the Company's
Executive Incentive Plan (the "Plan"), which was adopted by the
Board on 16 March 2016, are as set out below:
Name of Position Number of Ordinary
Director/PDMR Shares subject
to Award
Chief Executive
Chris Hopkinson Officer 185,000
----------------------- -------------------
Frances Ward Chief Finance Officer 185,000
----------------------- -------------------
The options are subject to malus and clawback provisions
contained in the rules of the Plan.
This notification is made pursuant to rule 17 and Schedule 5 of
the AIM Rules for Companies.
For further information please contact:
Star Energy Group plc
Tel: +44 (0)20 7993 9899
Ann-marie Wilkinson, Chief of Staff
Investec Bank plc (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7597 5970
Virginia Bull/Chris Sim
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting
Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill
The information set out below is provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation:
1 Details of Director/ PDMR / person closely
associated
a) Name Christopher Hopkinson
-------------------------- -------------------------
2 Reason for the notification
-----------------------------------------------------
a) Position / status Chief Executive Officer
-------------------------- -------------------------
b) Initial notification Initial notification
/amendment
-------------------------- -------------------------
3 Details of the
issuer
-------------------------- -------------------------
a) Name Star Energy Group
plc
-------------------------- -------------------------
b) LEI 213800S8WP2L294NR559
-------------------------- -------------------------
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 Ordinary shares of
the financial instrument 0.002p each
-------------------------- -------------------------
b) Identification ISIN for Star Energy
code of the Financial Group plc: GB00BZ042C28
Instrument
-------------------------- -------------------------
c) Nature of the transaction Grant of nil cost
options by the Company
under the Company's
EIP
-------------------------- -------------------------
d) Price(s) and volume(s) Price / Volume
-------------------------- -------------------------
(i) GBPnil / 185,000
-------------------------- -------------------------
e) Aggregated information N/A
-------------------------- -------------------------
- Aggregated volume
-------------------------- -------------------------
- Price
-------------------------- -------------------------
f) Date of the transaction 14 September 2023
-------------------------- -------------------------
g) Place of the transaction Outside a trading
venue
-------------------------- -------------------------
1 Details of Director/ PDMR / person closely
associated
a) Name Frances Ward
-------------------------- -------------------------
2 Reason for the notification
-----------------------------------------------------
a) Position / status Chief Financial Officer
-------------------------- -------------------------
b) Initial notification Initial notification
/amendment
-------------------------- -------------------------
3 Details of the
issuer
-------------------------- -------------------------
a) Name Star Energy Group
plc
-------------------------- -------------------------
b) LEI 213800S8WP2L294NR559
-------------------------- -------------------------
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 Ordinary shares of
the financial instrument 0.002p each
-------------------------- -------------------------
b) Identification ISIN for Star Energy
code of the Financial Group plc: GB00BZ042C28
Instrument
-------------------------- -------------------------
c) Nature of the transaction Grant of nil cost
options by the Company
under the Company's
EIP
-------------------------- -------------------------
d) Price(s) and volume(s) Price / Volume
-------------------------- -------------------------
(i) GBPnil / 185,000
-------------------------- -------------------------
e) Aggregated information N/A
-------------------------- -------------------------
- Aggregated volume
-------------------------- -------------------------
- Price
-------------------------- -------------------------
f) Date of the transaction 14 September 2023
-------------------------- -------------------------
g) Place of the transaction Outside a trading
venue
-------------------------- -------------------------
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END
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