Last checked at 14 Jun 2017 09:16
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas
14 June 2017
Empyrean Energy PLC ("Empyrean" or the "Company")
Appointment of Board Director
Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has today appointed Gajendra (Gaz) Bisht as a director of the Company with immediate effect.
Mr. Bisht (54) is a petroleum geologist and geoscientist who has worked closely with the China National Offshore Oil Corporation ("CNOOC") over the last 10 years in roles with other companies, including Roc Oil Company Limited and AWE Limited. Gaz was initially responsible for introducing to Empyrean the opportunity to evaluate and formally bid for Block 29/11 in the Pearl River Mouth Basin, offshore China ("Block 29/11") and will continue to be primarily responsible for the Company's operations in China. In addition, he will support Frank Brophy, the Company's Technical Director, in all of the Company's other appraisal and exploration projects.
The Company has also been advised that agreement has been reached between Topaz Energy Pty Ltd ("Topaz"), a company wholly-owned by Gaz Bisht and of which he is a director, and Frank Brophy, pursuant to which Topaz will transfer to Mr Brophy (or his nominee) 5,000,000 ordinary shares of 0.2p each in the Company ("Ordinary Shares") currently held by Topaz for nil consideration. This private arrangement reflects the significant input of both parties to the rapidly-evolving and increasingly-diverse appraisal and exploration portfolio that Empyrean has built up over the last six months.
Following the arrangement outlined above, the relevant holdings are as follows:
Name | Ordinary Shares | % of issued share capital |
Topaz Energy Pty Ltd | 31,250,000 | 8.3% |
Frank Brophy | 9,033,000 | 2.4% |
Empyrean welcomes Gaz Bisht to its board of directors.
There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.
For further info:
Empyrean Energy plc | ||
Tom Kelly | Tel: +61 8 9481 0389 | |
Cenkos Securities plc | ||
Neil McDonald | Tel: +44 (0) 131 220 9771 | |
Beth McKiernan | Tel: +44 (0) 131 220 9778 | |
Nick Tulloch | Tel: +44 (0) 131 220 9772 | |
St Brides Partners Ltd | ||
Lottie Brocklehurst | Tel: +44 (0) 20 7236 1177 | |
Olivia Vita | Tel: +44 (0) 20 7236 1177 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Gajendra Bisht | |
2. | Reason for the Notification | ||
a) | Position/status | Director | |
b) | Initial notification/amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Empyrean Energy plc | |
b) | LEI | - | |
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 | Ordinary Shares of 0.2p each ("Ordinary Shares") | |
Identification code | GB00B09G2351 | ||
b) | Nature of the Transaction | Transfer of shares for nil consideration (transferor) | |
c) | Price(s) and volume(s) | Price | Volume |
- | 5,000,000 | ||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | |
e) | Date of the transaction | 14 June 2017 | |
f) | Place of the transaction | London Stock Exchange, AIM (LON:EME) | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Frank Brophy | |
2. | Reason for the Notification | ||
a) | Position/status | Director | |
b) | Initial notification/amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Empyrean Energy plc | |
b) | LEI | - | |
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 | Ordinary Shares of 0.2p each ("Ordinary Shares") | |
Identification code | GB00B09G2351 | ||
b) | Nature of the Transaction | Transfer of shares for nil consideration (recipient) | |
c) | Price(s) and volume(s) | Price | Volume |
- | 5,000,000 | ||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | |
e) | Date of the transaction | 14 June 2017 | |
f) | Place of the transaction | London Stock Exchange, AIM (LON:EME) | |