TIDM88E
RNS Number : 0704E
88 Energy Limited
06 February 2018
88 Energy Limited
Exercise of Options
88 Energy Limited ("88E" or the "Company") confirms that it has
issued a total of 64,719,441 fully paid ordinary shares in the
Company (the "New Ordinary Shares") pursuant to the exercise of
options (the "Options").
Application has been made for admission of the New Ordinary
Shares to trading on AIM, which is expected to occur on 12 February
2018. Following the issue of the New Ordinary Shares, which rank
pari passu to the existing ordinary shares in the Company, the
Company has 4,713,183,373 ordinary shares in issue, all of which
have voting rights.
The Company also announces that certain of the Options were
exercised by directors of the Company on 6 February 2018, details
of which are as follows:
Director Number of Exercise Total number % interest
Options Price of Ordinary after Exercise
Exercised Shares held of Options
after Exercise
of Options
-------------------- ----------- --------- ---------------- ----------------
Michael
John Evans 8,000,000 $0.015 18,541,667 0.39%
-------------------- ---------------- ----------------
2,125,000 $0.02
-------------------- ----------- --------- ---------------- ----------------
George Henry
Stephen
Staley 3,500,000 $0.015 10,141,667 0.22%
-------------------- ---------------- ----------------
825,000 $0.02
-------------------- ----------- --------- ---------------- ----------------
David James
Wall 18,500,000 $0.015 32,291,666 0.69%
-------------------- ---------------- ----------------
1,375,000 $0.02
-------------------- ---------------- ----------------
750,000 $0.02
-------------------- ----------- --------- ---------------- ----------------
Brent Villemarette 6,000,000 $0.015 7,221,222 0.15%
-------------------- ----------- --------- ---------------- ----------------
In addition, certain of the directors of the Company sold their
interest in unlisted options held by them on 6 February 2018,
details of which are as follows:
Director Number of Sale Price Description
Options Sold of Options
----------------- -------------- ----------- -----------------
Unlisted Options
exercisable
at $0.015
on or before
George Henry 18 February
Stephen Staley 2,500,000 $0.011 2018
----------------- -------------- ----------- -----------------
Unlisted Options
exercisable
at $0.015
on or before
David James 18 February
Wall 6,500,000 $0.011 2018
----------------- -------------- ----------- -----------------
The direct and indirect interests of the directors of the
Company after the exercise of Options and other transactions
described above are now as follows:
Director Total number % interest Total number
of Ordinary of Options
Shares held held
-------------------- ------------- ----------- ------------------
8,000,000
Unlisted Options
exercisable
at $0.021
on or before
Michael John 1 November
Evans 18,541,667 0.39% 2018
-------------------- ------------- -----------
5,000,000
Unlisted Options
exercisable
at $0.06 on
or before
14 March 2020
-------------------- ------------- ----------- ------------------
6,000,000
Unlisted Options
exercisable
at $0.021
on or before
George Henry 1 November
Stephen Staley 10,141,667 0.22% 2018
-------------------- ------------- ----------- ------------------
40,000,000
Unlisted Options
exercisable
at $0.021
on or before
David James 1 November
Wall 32,291,666 0.69% 2018
-------------------- ------------- -----------
20,000,000
Unlisted Options
exercisable
at $0.06 on
or before
14 March 2020
-------------------- ------------- ----------- ------------------
6,000,000
Unlisted Options
exercisable
at $0.021
on or before
1 November
Brent Villemarette 7,221,222 0.15% 2018
-------------------- ------------- -----------
5,000,000
Unlisted Options
exercisable
at $0.06 on
or before
14 March 2020
-------------------- ------------- ----------- ------------------
Media and Investor Relations:
88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990
Email: admin@88energy.com
Finlay Thomson, Investor Relations Tel: +44 7976 248471
Hartleys Ltd
Dale Bryan Tel: + 61 8 9268 2829
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee
1. Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------------------
a) Name Michael John Evans
---- -------------------------------- -----------------------------------------------
2. Reason for the Notification
---- ---------------------------------------------------------------------------------
a) Position/status Director of the Company
---- -------------------------------- -----------------------------------------------
b) Initial notification/amendment Initial notification
---- -------------------------------- -----------------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------------------------
a) Name 88 Energy Limited
---- -------------------------------- -----------------------------------------------
b) LEI 213800YFW5171TD69V35
---- -------------------------------- -----------------------------------------------
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
the Financial
instrument, type
of instrument
---- -------------------------------- -----------------------------------------------
Identification AU00000088E2
code
---- -------------------------------- -----------------------------------------------
b) Nature of the Exercise of Options
Transaction
---- -------------------------------- -----------------------------------------------
c) Price(s) and Number of Options Price
volume(s) Exercised
---- --------------------------------
8,000,000 $0.015
-------------------------------------
2,125,000 $0.02
------------------------------------- ---------------------------------- -----------
d) Aggregated information 10,125,000 options exercised at an aggregate
Aggregated volume value of $162,500
Price
---- -------------------------------- -----------------------------------------------
e) Date of the transaction 6 February 2018
---- -------------------------------- -----------------------------------------------
f) Place of the London Stock Exchange, AIM (LON:88E)
transaction
---- -------------------------------- -----------------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
-------- -------------------------------------------------------------------------
a) Name George Henry Stephen Staley
-------- -------------------------------- ---------------------------------------
2. Reason for the Notification
-------- -------------------------------------------------------------------------
a) Position/status Director of the Company
-------- -------------------------------- ---------------------------------------
b) Initial notification/amendment Initial notification
-------- -------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
-------- -------------------------------------------------------------------------
a) Name 88 Energy Limited
-------- -------------------------------- ---------------------------------------
b) LEI 213800YFW5171TD69V35
-------- -------------------------------- ---------------------------------------
4.(i) 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
the Financial
instrument, type
of instrument
-------- -------------------------------- ---------------------------------------
Identification AU00000088E2
code
-------- -------------------------------- ---------------------------------------
b) Nature of the Exercise of Options
Transaction
-------- -------------------------------- ---------------------------------------
c) Price(s) and Number of Options Price
volume(s) Exercised
-------- --------------------------------
3,500,000 $0.015
-----------------------------------------
825,000 $0.02
----------------------------------------- --------------------------- ----------
d) Aggregated information 4,325,000 options exercised
Aggregated volume at an aggregate value of $69,000
Price
-------- -------------------------------- ---------------------------------------
e) Date of the transaction 6 February 2018
-------- -------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM (LON:88E)
transaction
-------- -------------------------------- ---------------------------------------
4.(ii) 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
the Financial
instrument, type
of instrument
-------- -------------------------------- ---------------------------------------
Identification AU00000088E2
code
----------------------------------------- ---------------------------------------
b) Nature of the Sale of Options
Transaction
-------- -------------------------------- ---------------------------------------
c) Price(s) and Number of Options Price
volume(s) Sold $0.011
2,500,000
-------- --------------------------------
d) Aggregated information 2,500,000 Options sold at an
Aggregated volume aggregate value of $27,500
Price
-------- -------------------------------- ---------------------------------------
e) Date of the transaction 6 February 2018
-------- -------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM (LON:88E)
transaction
-------- -------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
-------- -----------------------------------------------------------------------------------
a) Name David James Wall
-------- ------------------------------------------ ---------------------------------------
2. Reason for the Notification
-------- -----------------------------------------------------------------------------------
a) Position/status Director of the Company
-------- ------------------------------------------ ---------------------------------------
b) Initial notification/amendment Initial notification
-------- ------------------------------------------ ---------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
-------- -----------------------------------------------------------------------------------
a) Name 88 Energy Limited
-------- ------------------------------------------ ---------------------------------------
b) LEI 213800YFW5171TD69V35
-------- ------------------------------------------ ---------------------------------------
4.(i) 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
the Financial
instrument, type
of instrument
-------- ------------------------------------------ ---------------------------------------
Identification AU00000088E2
code
-------- ------------------------------------------ ---------------------------------------
b) Nature of the Exercise of Options
Transaction
-------- ------------------------------------------ ---------------------------------------
c) Price(s) and Number of Options Price
volume(s) Exercised
-------- ------------------------------------------
18,500,000 $0.015
--------------------------------------------------
1,375,000 $0.02
750,000 $0.02
-------------------------------------------------- ------------------------- ------------
d) Aggregated information 20,625,000 options exercised
Aggregated volume at an aggregate value of $320,000
Price
-------- ------------------------------------------ ---------------------------------------
e) Date of the transaction 6 February 2018
-------- ------------------------------------------ ---------------------------------------
f) Place of the London Stock Exchange, AIM (LON:88E)
transaction
-------- ------------------------------------------ ---------------------------------------
4.(ii) 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
the Financial
instrument, type
of instrument
--------- ----------------------------------------- ---------------------------------------
Identification AU00000088E2
code
-------------------------------------------------- ---------------------------------------
b) Nature of the Sale of Options
Transaction
--------- ----------------------------------------- ---------------------------------------
c) Price(s) and Number of Options Price
volume(s) Sold $0.011
6,500,000
--------- -----------------------------------------
d) Aggregated information 6,500,000 Options sold at an
Aggregated volume aggregate value of $71,500
Price
--------- ----------------------------------------- ---------------------------------------
e) Date of the transaction 6 February 2018
--------- ----------------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM (LON:88E)
transaction
--------- ----------------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------------------
a) Name Brent Villamarette
---- -------------------------------- -----------------------------------------------
2. Reason for the Notification
---- ---------------------------------------------------------------------------------
a) Position/status Director of the Company
---- -------------------------------- -----------------------------------------------
b) Initial notification/amendment Initial notification
---- -------------------------------- -----------------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------------------------
a) Name 88 Energy Limited
---- -------------------------------- -----------------------------------------------
b) LEI 213800YFW5171TD69V35
---- -------------------------------- -----------------------------------------------
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
the Financial
instrument, type
of instrument
---- -------------------------------- -----------------------------------------------
Identification AU00000088E2
code
---- -------------------------------- -----------------------------------------------
b) Nature of the Exercise of Options
Transaction
---- -------------------------------- -----------------------------------------------
c) Price(s) and Number of Options Price
volume(s) Exercised
---- --------------------------------
18,500,000 $0.015
-------------------------------------
1,375,000 $0.02
750,000 $0.02
------------------------------------- ---------------------------------- -----------
d) Aggregated information 20,625,000 options exercised at an aggregate
Aggregated volume value of $320,000
Price
---- -------------------------------- -----------------------------------------------
e) Date of the transaction 6 February 2018
---- -------------------------------- -----------------------------------------------
f) Place of the London Stock Exchange, AIM (LON:88E)
transaction
---- -------------------------------- -----------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBDGDDLBGBGIL
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