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19 Aug 2024 07:00
19 August 2024
Kistos Holdings plc
("Kistos" or the "Company")
PDMRs' Commitment to Acquire Shares and Receive Matching Shares
Kistos (LSE: KIST) announces that, further to the announcement on the adoption of the Kistos Holdings plc Share Incentive Plan (the "SIP") dated 5 August 2024 ("Announcement"), a majority of the qualifying employees including certain persons discharging managerial responsibilities have accepted the invitation to participate in the SIP.
As set out in the Announcement, participants of the SIP are able to acquire ordinary shares of £0.10 each in the Company ("Shares", such Shares being the "Partnership Shares") using deductions from their salary each month and receive an allocation of two matching Shares (the "Matching Shares") for every one Partnership Share acquired, each at the end of the relevant period (the "Accumulation Period").
As of the date of this announcement, Andrew Austin, Peter Mann, Richard Slape, and Richard Benmore, being directors of the Company and persons discharging managerial responsibilities (together the "PDMRs"), have accepted the invitation to participate in the SIP. The number of Partnership Shares and the Matching Shares the PDMRs will acquire or be allocated, as appropriate, shall be calculated by dividing the amount deducted from a participant's salary under the SIP during each relevant Accumulation Period by the lower of (i) the closing price of the Shares on the business day immediately prior to the last trading date at the beginning of the relevant Accumulation Period and (ii) the closing price of the Shares on the business day immediately prior to the last trading date prior to the acquisition date.
The Company will make further announcements in due course after the end of each Accumulation Period with details of the Partnership Shares acquired on behalf of the PDMRs and the allocation of the Matching Shares to the PDMRs.
Enquiries
Kistos Holdings plc Andrew Austin / Peter Mann
| via Hawthorn Advisors |
Panmure Gordon (NOMAD, Joint Broker) James Sinclair-Ford / Dougie McLeod
| Tel: 0207 886 2500 |
Berenberg (Joint Broker) Matthew Armitt / Ciaran Walsh
| Tel: 0203 207 7800 |
Hawthorn Advisors (Public Relations Advisor) Henry Lerwill / Simon Woods
| Tel: 0203 745 4960 |
Camarco (Public Relations Advisor) Billy Clegg | Tel: 0203 757 4983 |
Notes to editors
Kistos plc was established to acquire and manage companies in the energy sector engaging in the energy transition trend. The Group's assets include interests in the Dutch and UK North Sea, offshore Norway and onshore Netherlands, as well as onshore gas storage assets in Cheshire, UK. Our acquisitions in recent years bring geographical and operational diversification, and significantly increase the Group's reserves and resources base.
Kistos is a low carbon intensity gas producer with Estimated Scope 1 CO₂ emissions from its operated activities offshore of less than 0.01 kg/boe in 2022 (excluding necessary flaring during drilling campaigns).
www.kistosplc.com
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