TIDMPXEN
RNS Number : 2143R
Prospex Energy PLC
28 February 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
28 February 2023
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 3,700,000
share options in the Company to directors and other staff (the
"Options") following the annual review of staff remuneration. The
new options awarded represent 1.30% 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 14,346,897 which
represents 5.04% of the total issued share capital.
The options have been awarded at 12.25p per share representing a
2.04% premium to 12.0p, the closing price of Prospex shares on 27
February 2023.
The Options vest in three months' time on 1 June 2023 and are
exercisable for a period of five years.
The Options to be issued are set out below:
Mark Routh 1,233,333
William Smith 370,000
----------
Alasdair Buchanan 370,000
----------
Other non-PDMR
staff 1,726,667
----------
Total 3,700,000
----------
Options currently held by directors:
Director Expiry Strike Expiry Strike Expiry Strike Total
14/04/2025 Price 17/3/2025 Price 22/09/2027 Price
William Smith 21,669 75.0p 900,000 5.0p 900,000 8.15p 1,821,669
------------ ------- ----------- ------- ------------ ------- ----------
Alasdair Buchanan - - 900,000 5.0p 900,000 8.15p 1,800,000
------------ ------- ----------- ------- ------------ ------- ----------
Mark Routh - - 2,100,000 5.0p 900,000 8.15p 3,000,000
------------ ------- ----------- ------- ------------ ------- ----------
Total 21,669 - 3,900,000 - 2,700,000 - 6,621,669
------------ ------- ----------- ------- ------------ ------- ----------
Directors' total after this award:
Director Number % of current
share capital
Mark Routh 4,233,333 1.49%
---------- ---------------
William Smith 2,191,669 0.77%
---------- ---------------
Alasdair Buchanan 2,170,000 0.76%
---------- ---------------
Total Directors 8,595,002 3.02%
---------- ---------------
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.
* *S * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20
7236 1177
Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20
Rory Murphy 7409 3494
Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20
Andrew Raca/Alex Cabral (Corporate 3005 5000
Finance)
Colin Rowbury Novum Securities Tel: +44 (0) 20
Jon Belliss Limited 7399 9427
Susie Geliher St Brides Partners Tel: +44 (0) 20
Ana Ribeiro Limited 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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
12.25 pence 370,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 28 February 2023
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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)
12.25 pence 370,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 28 February 2023
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument 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)
12.25 pence 1,233,333
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 28 February 2023
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
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END
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