9 Feb 2023 13:58
88 Energy Limited
Issue of Performance Rights
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) confirms that following receipt of shareholder approval for the issue of certain performance rights ("Performance Rights") at the general meeting of the Company held on 11 November 2022 (the "GM"), the Company has now issued a total of 96,095,000 Performance Rights pursuant to the Company's employee incentive scheme.
This includes the issue of 33,750,000 Performance Rights to Ashley Gilbert, Managing Director of the Company. Following this award, Mr Gilbert now holds a total of 86,596,667 performance rights (subject to vesting conditions).
Further details of the Performance Rights are set out in the notice of meeting for the GM which is available on the Company's website www.88energy.com.
Media and Investor Relations:
88 Energy Ltd Ashley Gilbert, Managing Director | |
Tel: +61 8 9485 0990 Email:investor-relations@88energy.com | |
Fivemark Partners, Investor and Media Relations | |
Andrew Edge | Tel: +61 410 276 744 |
Michael Vaughan | Tel: +61 422 602 720 |
EurozHartleys Ltd | |
Dale Bryan | Tel: + 61 8 9268 2829 |
Cenkos Securities Plc | Tel: +44 (0)20 7397 8900 |
Derrick Lee | Tel: +44 (0)131 220 6939 |
Pearl Kellie | Tel: +44 (0)131 220 9775 |
The information in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
1 | Details of PDMR/person closely associated with them ("PCA") | |||||
1.1 | Name | Ashley Gilbert | ||||
1.2 | Position/Status | Managing Director | ||||
1.3 | Initial notification / amendment | Initial notification | ||||
2 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
2.1 | Name | 88 Energy Limited | ||||
2.2 | LEI | 213800YFW5171TD69V35 | ||||
3 | 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 | |||||
3.1 | Description of the financial instrument Identification code | Performance Rights (subject to vesting conditions) over ordinary shares AU00000088E2 | ||||
3.2 | Nature of the transaction | Issue of Performance Rights | ||||
3.3 | Price(s) and volume(s) |
| ||||
3.4 | Aggregated information · Aggregated volume · Price |
33,750,000 Performance Rights
N/A | ||||
3.5 | Date of the transaction | 27th January 2023 | ||||
3.6 | Place of the transaction | Outside of a trading venue | ||||
88 Energy (88E)