Quarter 3 Update plus capital reduction news now due28 Oct 2023 11:05
The 2022 quarter 3 update RNS, was posted at 07.00am on Wednesday the 2nd of November 2022..
So hopefully we could see the quarter Three 2023
results in just a couple of days time…?
We have also been informed that the capital reduction
Application results, will be released
from the 7th 8th or 9th of November..
So two lot’s of news due very soon..
And Hopefully JD our CFO will also have some
News for us as it’s now six months since
His PMDR RNS
Was released setting out his Target’s see below
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that it has issued options over 3,000,000 ordinary shares in the Company to Jason Dranchuk, the Chief Financial Officer and a Person Discharging Managerial Responsibilities (a "PDMR") of the Company, as detailed below. The options are part of i3's management incentive and are in accordance with existing share schemes.
PDMR
Number of options granted
Exercise Price
Jason Dranchuk
3,000,000
20.00p
Vesting is subject to the achievement of performance-related milestones as follows:
- One-third upon achieving production of 26,000 boepd;
- One-third upon the addition of 5,000 boepd via acquisitions; and
- One-third upon the addition of 25 MMbbl of 2P reserves.
The award shall vest as to one-third upon the first, second and third anniversary of the grant date, to the extent the award has not otherwise vested in accordance with the above provisions.
Regardless of the above, 100% of the options will vest if there is a change of control of the Company.