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10 Aug 2022 08:44
10 August 2022
AFENTRA PLC
DIRECTOR / PDMR DEALINGS
The following amendment has been made to the 'Director/PDMR Dealings' announcement released on 10 August 2022 at 7.10 a.m. under RNS No 5307V. The description of the volumes in section 4(c) of each of the Director's notifications below has been amended to reflect the terms of the Founders Share Plan more accurately. All other details remain unchanged. The full amended text is shown below.
Afentra plc ('Afentra' or the 'Company') announces that on 5 August 2022 the Company made conditional awards under the Founders Share Plan (the "Founders Plan"), the principal terms of which were previously set out in the Company's report and accounts, to the executive directors of the Company as set out below:
Director / PDMR | Position | Percentage entitlement of conditional award |
Paul McDade | Chief Executive Officer | 41.5% |
Anastasia Deulina | Chief Financial Officer | 27.5% |
Ian Cloke | Chief Operating Officer | 31.0% |
The conditional awards comprise a conditional right to be granted a nil cost option over Ordinary Shares of the Company on the basis set out in paragraph 6.1.3 of Part 7 of the Company's admission document published on the date hereof. The conditional awards are subject to the completion of the acquisition by the Company's subsidiary, Afentra (Angola) Ltd of a 20% interest in Block 3/05 , offshore Angola from Sonangol P&P pursuant to a sale and purchase agreement dated 20 April 2022.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Paul McDade | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Executive Officer | ||||
b. | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Afentra plc | ||||
b. | LEI | 21380028BFDFJK8BRX92 | ||||
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, type of instrument Identification code | Ordinary shares of £0.10 per share par value GB00B4X3Q493 | ||||
b. | Nature of the transaction | Conditional award of right to be granted nil cost options | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price |
As above | ||||
e. | Date of the transaction | 5 August 2022 | ||||
f. | Place of the transaction | Off exchange | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Anastasia Deulina | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Financial Officer | ||||
b. | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Afentra plc | ||||
b. | LEI | 21380028BFDFJK8BRX92 | ||||
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, type of instrument Identification code | Ordinary shares of £0.10 per share par value GB00B4X3Q493 | ||||
b. | Nature of the transaction | Conditional award of right to be granted nil cost ptions | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price |
As above | ||||
e. | Date of the transaction | 5 August 2022 | ||||
f. | Place of the transaction | Off exchange | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Ian Cloke | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Operating Officer | ||||
b. | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Afentra plc | ||||
b. | LEI | 21380028BFDFJK8BRX92 | ||||
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, type of instrument Identification code | Ordinary shares of £0.10 per share par value GB00B4X3Q493 | ||||
b. | Nature of the transaction | Conditional award of right to be granted nil cost options | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price |
As above | ||||
e. | Date of the transaction | 5 August 2022 | ||||
f. | Place of the transaction | Off exchange | ||||
For further information, contact
Afentra plc +44 (0)20 7405 4133 Paul McDade, CEO Anastasia Deulina, CFO |
Buchanan (Financial PR) +44 (0)20 7466 5000 Ben Romney Jon Krinks |
Peel Hunt LLP (Nominated Advisor and Joint Broker) +44 (0)20 7418 8900 Richard Crichton Paul Gillam David McKeown |
Tennyson Securities (Joint Broker) +44 (0)20 7186 9033 Peter Krens
About Afentra Afentra plc (AIM:AET) is an upstream oil and gas company focused on opportunities in Africa. The Company's purpose is to support a responsible energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. Afentra has a current carried interest in the Odewayne Block onshore southwestern Somaliland.
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