Last checked at 30 Jan 2023 07:00
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
30 January 2023
Prospex Energy PLC
('Prospex' or the 'Company')
Change of Director's Interest
Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has been advised that connected parties of non-executive director, Richard Mays, (Richard May's SIPP and a family-owned business, of which he is a director) have sold an aggregate total of 1,344,135 ordinary shares at a price of 14.359p per ordinary share to address, inter alia, taxation requirements.
Mr Mays remains interested in 1,400,000 ordinary shares and has interests in convertible loan notes issued by the Company to the value of £86,000 plus accrued interest (convertible at £0.0425 into ordinary shares). Additionally he has, as yet unexercised, long term incentive stock options to buy 1,821,669 ordinary shares.
As a founder of the company, he remains committed to the long-term growth of the company.
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.
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For further information visit www.prospex.energy or contact the following:
Mark Routh | Prospex Energy PLC | Tel: +44 (0) 20 7236 1177 |
Ritchie BalmerRory Murphy | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
Andrew Monk (Corporate Broking)Andrew Raca/Alex Cabral (Corporate Finance) | VSA Capital Limited | Tel: +44 (0) 20 3005 5000 |
Colin RowburyJon Belliss | Novum Securities Limited | Tel: +44 (0) 20 7399 9427 |
Susie GeliherAna Ribeiro | St Brides Partners Limited
| Tel: +44 (0) 20 7236 1177 |
Details of the person discharging managerial responsibilities / person closely associated | |||||
Name | Richard Mays | ||||
Reason for the Notification | |||||
Position/status | Director | ||||
Initial notification/amendment | Initial notification | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name | Prospex Energy Plc | ||||
LEI | 213800NY9RH8O1B72D27 | ||||
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 | |||||
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 | ||||
Nature of the Transaction | Sale of ordinary shares | ||||
Price(s) and volume(s) |
| ||||
Aggregated information Aggregated volume Price | N/A (Single Transaction) | ||||
Date of the transaction | 27 January 2023 | ||||
Place of the transaction | AIM | ||||