Last checked at 23 Jun 2021 07:00
23 June 2021
TOMCO ENERGY PLC
("TomCo" or the "Company")
Grant of Share Options
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that on 22 June 2021, the Company granted options ("Options") over, in aggregate, 90,500,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") pursuant to the Company's EMI option scheme and its unapproved option scheme.
All of the Options are exercisable at 0.54 pence each, being the closing mid-market price of an Ordinary Share on 22 June 2021, at any time from six months from the date of grant to the tenth anniversary of the date of grant.
85,500,000 Options were granted to the Company's Directors as detailed below:
Name | Position | Number of Options Granted | Exercise price per Ordinary Share (p) | Exercise period | Total Options Held following the Grant |
John Potter | Chief Executive Officer | 45,000,000 | 0.54 | 10 years | 52,714,285 |
Malcolm Groat | Non-executive Chairman | 18,000,000 | 0.54 | 10 years | 20,380,952 |
Louis Castro | Non-executive Director | 15,000,000 | 0.54 | 10 years | 15,000,000 |
Richard Horsman | Non-executive Director | 7,500,000 | 0.54 | 10 years | 7,500,000 |
In addition, a further 5,000,000 Options were granted to an employee of the Company.
Following the above grant of Options, the total number of options outstanding over unissued Ordinary Shares is 107,865,078, representing approximately 7.43 per cent. of the Company's issued share capital.
Enquiries:
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
Novum Securities Limited (Broker)
Jon Belliss / Colin Rowbury +44 (0)20 7399 9402
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Graham Herring +44 (0)20 3934 6630
For further information, please visit www.tomcoenergy.com.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.
PDMR Notification Form
The notification below, is made in accordance with the requirements of MAR.
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Names | John Potter - Chief Executive Officer Malcolm Groat - Non-executive Chairman Louis Castro - Non-executive Director Richard Horsman - Non-executive Director
|
2. | Reason for the Notification | |
a) | Position/status | See 1(a) above for positions - all classified as PDMRs of the Company |
b) | Initial notification/ Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | TomCo Energy Plc |
b) | LEI | 213800FEW97Y1CD38B95 |
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 | In each case, the grant of Options over Ordinary Shares of no par value in the Company
|
Identification code | IM00BZBXMN96 | |
b) | Nature of the transaction | Grant of Options over Ordinary Shares of no par value in the Company
|
c) | Price(s) and volume(s) | Price: 0.54 pence Volumes: John Potter - 45,000,000 Options Malcolm Groat - 18,000,000 Options Louis Castro - 15,000,000 Options Richard Horsman - 7,500,000 Options
|
d) | Aggregated information: · Aggregated volume · Price | n/a |
e) | Date of the transaction | 22 June 2021 |
f) | Place of the transaction | Outside a trading venue |