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23 Mar 2026 07:00
PDMR Long-Term Incentive Plan Award
23 March 2026 - Singapore: Jadestone Energy plc (AIM:JSE) (the "Company" and together with its subsidiaries, "Jadestone" or the "Group"), an independent upstream production and development company focused on the Asia-Pacific region, announces that, as part of its annual remuneration cycle, on 23 March 2026 it granted long-term incentive plan awards (the "2026 LTIP Awards") to certain employees.
The share options in the 2026 LTIP Awards vest in three equal tranches on 1 March 2027, 1 March 2028 and 1 March 2029, respectively. Upon vesting, the share options awards will be exercisable at a price of GBP 0.289 per share for a period of five years from the grant date of the options.
The performance shares in the 2026 LTIP Awards vest on 1 March 2029 and are based on a market value of GBP 0.276 per share. The number of performance shares to be issued on vesting will be determined against two performance measures which will be applied annually: (i) an ESG[1] metric based on the Group's Scope 1 greenhouse gas emissions from operated assets over the 2026-28 period, weighted at 20%, and (ii) an absolute total shareholder return metric over the 2026-2028 period, weighted at 80%.
The restricted shares in the 2026 LTIP Awards vest in three equal tranches on 1 March 2027, 1 March 2028 and 1 March 2029, respectively. The market value of the restricted shares awards is GBP 0.276 per share.
Each of Dr. Adel Chaouch (Executive Chairman) and Thomas Mitchell Little (Executive Director and CEO) received 502,946 share options awards, 670,594 performance shares awards and 502,946 restricted shares awards. Andrew J. Fairclough (Executive Director and CFO) received 265,849 share options awards, 354,465 performance shares awards and 265,849 restricted shares awards.
The application for a block listing of securities in respect of 2,766,466 ordinary shares arising from the share options award (the "New Ordinary Shares") to be admitted to trading on AIM, has been submitted by the Company to the London Stock Exchange, with the admission expected to become effective on or around 27 March 2026. When issued, the New Ordinary Shares will be credited as the Company's ordinary shares of £0.001 each, and each with voting rights in the capital of the Company.
FCA Notification
Dr. Adel Chaouch (Executive Chairman of the Company), Thomas Mitchell Little (Executive Director and Chief Executive Officer of the Company) and Andrew J. Fairclough (Executive Director and Chief Financial Officer of the Company) are persons discharging managerial responsibilities. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below and gives further details on the transactions.
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Dr. Adel Chaouch
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2. | Reason for the notification | |||||||
a) | Position/status: | Executive Chairman
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b) | Initial notification/Amendment: | Initial Notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Jadestone Energy Plc
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b) | LEI: | 21380076GWJ8XDYKVQ37
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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 £0.001 each in the share capital of Jadestone Energy plc
ISIN: GB00BLR71299
| ||||||
b) | Nature of the transaction: | i) Share options award; ii) Performance shares award; and iii) Restricted shares award. | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: · Aggregated volume:
· Price: |
502,946 share options 670,594 performance shares 502,946 restricted shares
GBP 0.289 (for the share options)
| ||||||
e) | Date of the transaction: | 23 March 2026
| ||||||
f) | Place of the transaction: | XOFF
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1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Thomas Mitchell Little
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2. | Reason for the notification | |||||||
a) | Position/status: | Executive Director and Chief Executive Officer
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b) | Initial notification/Amendment: | Initial Notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Jadestone Energy Plc
| ||||||
b) | LEI: | 21380076GWJ8XDYKVQ37
| ||||||
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 £0.001 each in the share capital of Jadestone Energy plc
ISIN: GB00BLR71299
| ||||||
b) | Nature of the transaction: | i) Share options award; ii) Performance shares award; and iii) Restricted shares award. | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: · Aggregated volume:
· Price: |
502,946 share options 670,594 performance shares 502,946 restricted shares
GBP 0.289 (for the share options) | ||||||
e) | Date of the transaction: | 23 March 2026
| ||||||
f) | Place of the transaction: | XOFF
| ||||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Andrew J. Fairclough
| ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Executive Director and 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 | Jadestone Energy Plc
| ||||||
b) | LEI: | 21380076GWJ8XDYKVQ37
| ||||||
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 £0.001 each in the share capital of Jadestone Energy plc
ISIN: GB00BLR71299
| ||||||
b) | Nature of the transaction: | i) Share options award; ii) Performance shares award; and iii) Restricted shares award. | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: · Aggregated volume:
· Price: |
265,849 share options 354,465 performance shares 265,849 restricted shares
GBP 0.289 (for the share options)
| ||||||
e) | Date of the transaction: | 23 March 2026
| ||||||
f) | Place of the transaction: | XOFF
| ||||||
-ends-
For further information, please contact:
Jadestone Energy plc | |
Phil Corbett, Head of Investor Relations | +44 (0) 7713 687467 (UK) |
ir@jadestone-energy.com | |
| |
Stifel Nicolaus Europe Limited (Nomad, Joint Broker) | +44 (0) 20 7710 7600 (UK) |
Callum Stewart | |
Jason Grossman | |
Ashton Clanfield | |
| |
Berenberg (Joint Broker) | +44 (0) 20 3757 4980 (UK) |
Ciaran Walsh | |
Dan Gee-Summons | |
Ryan Mahnke | |
Camarco (Public Relations Advisor) | +44 (0) 203 757 4980 (UK) |
Billy Clegg | jse@camarco.co.uk |
Georgia Edmonds | |
Poppy Hawkins |
About Jadestone Energy
Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia and Vietnam, all stable jurisdictions with a positive upstream investment climate.
The Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such as Nam Du/U Minh in Vietnam and the Puteri Cluster offshore Malaysia, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in regional upstream development and operations and managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.
Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
[1] Environmental, Social and Governance
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