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 Group's obligations under Article 17 of MAR.
6
March 2025
Star Energy Group plc (AIM:
STAR)
("Star
Energy" or "the Company" or "the Group")
Grant of
Awards
Star Energy announces that it has
issued options to certain Directors of the Group.
Grant of awards under the Star
Energy Management Retention Plan (the "MRP")
The Company has issued options under
the MRP to the Executive Directors of the Group.
The individuals' awards will vest
and become exercisable on the first anniversary of the date of
grant of the options, 5 March 2026, subject to continued
employment.
The grant of nil cost options over
ordinary shares of the Company of nominal value 0.002 pence per
share ("Shares") under the Company's MRP, which was adopted by
the board of directors of the Company ("Board") in 2015, are as set
out below:
|
Name
of Director/PDMR
|
Position
|
Number of Shares subject to Award
|
|
Ross Glover
|
Chief Executive Officer
|
300,000
|
|
Frances Ward
|
Chief Finance Officer
|
225,000
|
The options are subject to malus and
clawback provisions contained in the rules of the MRP.
Grant of awards under the Star
Energy Executive Incentive Plan (the "EIP")
The Company has issued options under
the EIP to the Executive Directors of the Group.
The individuals' awards will vest
and become exercisable on the first anniversary of the date of
grant of the options, 5 March 2026, subject to continued employment
("EIP Options Vesting Date"). The awards will be exercisable
on the condition that the volume-weighted average closing middle
market quotation of a share for the thirty-day period ending on the
Dealing Day immediately before the EIP Options Vesting Date is at
least 14 pence.
The grant of nil cost options over
Shares under the EIP, which was adopted by the Board in 2016,
are as set out below:
|
Name
of Director/PDMR
|
Position
|
Number of Shares subject to Award
|
|
Ross Glover
|
Chief Executive Officer
|
525,000
|
|
Frances Ward
|
Chief Finance Officer
|
395,000
|
The options are subject to malus and
clawback provisions contained in the rules of the EIP.
Grant of awards to Non-executive
Directors
The Company announces the grant of
options over Shares to its Non-executive Directors.
The individuals' awards will vest
and become exercisable on the first anniversary of the date of
grant of the options, 5 March 2026, subject to the individual
remaining a Non-executive Director ("NED Options Vesting
Date").
The Tranche 1 awards will be
exercisable on the condition that the volume-weighted average
closing middle market quotation of a share for the thirty-day
period ending on the Dealing Day immediately before the NED Options
Vesting Date is at least 14 pence.
The Tranche 2 awards do not have a
vesting share price condition.
The price payable in respect of the
exercise of an option is 0.002 pence per share, being the nominal
value of a share.
|
Name of Non-executive Director
|
Number of
options
|
|
|
Tranche 1 - vesting condition of 14p share
price
|
Tranche 2 - no share price vesting condition
|
|
Philip Jackson
|
90,000
|
65,000
|
|
Kate Coppinger
|
90,000
|
43,000
|
|
Antony White
|
90,000
|
43,000
|
|
Aneliya Erdly
|
90,000
|
43,000
|
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
Ross Glover, Chief Executive
Officer
Frances Ward, Chief Financial
Officer
Zeus (Nominated Adviser & Broker)
Tel: +44 (0)203 829 5000
Antonio Bossi, Alexandra
Campbell-Harris (Investment Banking)
Simon Johnson (Corporate
Broking)
Vigo Consulting
Tel: +44 (0)207 597 5970
Patrick d'Ancona/Finlay
Thomson/Kendall Hill
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
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
|
Ross Glover
|
|
2
|
Reason for the notification
|
|
a)
|
Position / status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of 0.002p
each
|
|
b)
|
Identification code of the Financial
Instrument
|
ISIN for Star Energy Group plc:
GB00BZ042C28
|
|
c)
|
Nature of the transaction
|
(1) Grant of nil cost options
by the Company under the Company's MRP
(2) Grant of nil cost options
by the Company under the Company's EIP
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(1) £nil /
300,000
(2) £nil / 525,000
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
5 March 2025
|
|
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
/amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of 0.002p
each
|
|
b)
|
Identification code of the Financial
Instrument
|
ISIN for Star Energy Group plc:
GB00BZ042C28
|
|
c)
|
Nature of the transaction
|
(1) Grant of nil cost options
by the Company under the Company's MRP
(2) Grant of nil cost options
by the Company under the Company's EIP
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(1) £nil /
225,000
(2) £nil / 395,000
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
5 March 2025
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of Director/ PDMR / person closely
associated
|
|
a)
|
Name
|
Philip Jackson
|
|
2
|
Reason for the notification
|
|
a)
|
Position / status
|
Non-executive Director
|
|
b)
|
Initial notification
/amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of 0.002p
each
|
|
b)
|
Identification code of the Financial
Instrument
|
ISIN for Star Energy Group plc:
GB00BZ042C28
|
|
c)
|
Nature of the transaction
|
Grant of options by the Company under
the Company's NED Option Agreement
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(i) £0.00002 /
155,000
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
5 March 2025
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of Director/ PDMR / person closely
associated
|
|
a)
|
Name
|
Kate Coppinger
|
|
2
|
Reason for the notification
|
|
a)
|
Position / status
|
Non-executive Director
|
|
b)
|
Initial notification
/amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of 0.002p
each
|
|
b)
|
Identification code of the Financial
Instrument
|
ISIN for Star Energy Group plc:
GB00BZ042C28
|
|
c)
|
Nature of the transaction
|
Grant of options by the Company under
the Company's NED Option Agreement
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(i) £0.00002 /
133,000
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
5 March 2025
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of Director/ PDMR / person closely
associated
|
|
a)
|
Name
|
Aneliya Erdley
|
|
2
|
Reason for the notification
|
|
a)
|
Position / status
|
Non-executive Director
|
|
b)
|
Initial notification
/amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of 0.002p
each
|
|
b)
|
Identification code of the Financial
Instrument
|
ISIN for Star Energy Group plc:
GB00BZ042C28
|
|
c)
|
Nature of the transaction
|
Grant of options by the Company under
the Company's NED Option Agreement
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(i) £0.00002 /
133,000
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
5 March 2025
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of Director/ PDMR / person closely
associated
|
|
a)
|
Name
|
Antony White
|
|
2
|
Reason for the notification
|
|
a)
|
Position / status
|
Non-executive Director
|
|
b)
|
Initial notification
/amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of 0.002p
each
|
|
b)
|
Identification code of the Financial
Instrument
|
ISIN for Star Energy Group plc:
GB00BZ042C28
|
|
c)
|
Nature of the transaction
|
Grant of options by the Company under
the Company's NED Option Agreement
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(i) £0.00002 /
133,000
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
5 March 2025
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
