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Share Price Information for Prospex Eng (PXEN)

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Award of Options

18 Mar 2022 15:30

RNS Number : 3295F
Prospex Energy PLC
18 March 2022
 

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

18 March 2022

Prospex Energy PLC

('Prospex' or the 'Company')

 

Award of Options

 

Prospex Energy PLC, the AIM quoted investment company focused on European energy projects, has today granted a total of 6,700,000 share options in the Company to directors and other staff (the "Options"). The new options awarded represent 2.71% of the current issued share capital of the Company. The new award results in the total number of options awarded to staff and management of 12,551,428 which represents 5.07% of the total issued share capital.

The options have been awarded at 5p per share representing a 42.9% premium to 3.5p, the price at which the Company completed its recent placing as announced on 23 February 2022 and a 26.9% premium to the mid-market closing price of the Company's Ordinary Shares on 17 March 2022, 3.94p.

The Options vest immediately and are exercisable for a period of three years.

The Options to be issued are set out below:-

Mark Routh

2,100,000

William Smith

900,000

Alasdair Buchanan

900,000

Richard Mays

900,000

Other non-PDMR staff

1,900,000

Total

6,700,000

 

Options currently held by directors:

Director

Expiry 31-May-2023

Strike Price

Expiry 31-March-2025

Strike Price

Total

William Smith

810,720

4.0p

21,669

76.25p

832,389

Richard Mays

810,720

4.0p

21,669

76.25p

832,389

 

Directors' total after this award:

Director

Number

% of current share capital

Mark Routh

2,100,000

0.85%

William Smith

1,732,389

0.70%

Richard Mays

1,732,389

0.70%

Alasdair Buchanan

900,000

0.36%

Total

6,464,778

2.61%

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

* * ENDS * *

 

For further information visit www.prospex.energy or contact the following:

 

Mark Routh

Prospex Energy PLC

Tel: +44 (0) 20 7236 1177

Rory MurphyRitchie Balmer 

Strand Hanson Limited

 

Tel: +44 (0) 20 7409 3494 

Colin RowburyJon Belliss

Novum Securities Limited

Tel: +44 (0) 20 7399 9427

Duncan VaseyLucy Williams

Peterhouse Capital Limited

Tel: +44 (0) 20 7220 9797

Susie GeliherAna Ribeiro 

St Brides Partners Ltd

 

Tel: +44 (0) 20 7236 1177

 

 

 

PDMR Notification

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Smith

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

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

5 pence

 

900,000

 

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alasdair Buchanan

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

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

5 pence

 

900,000

 

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Mays

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

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

5 pence

 

900,000

 

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Routh

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

Prospex Energy Plc

b)

LEI

213800NY9RH8O1B72D27

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 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

b)

Nature of the Transaction

Issue of options to acquire Ordinary Shares over the next 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

5 pence

 

2,100,000

 

 

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

 

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