REG - 88 Energy Limited - Exercise of Performance Rights and Issue of Equity

88 EnergyAnnouncement

31/07/2024 12:00

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RNS Number : 6132Y  88 Energy Limited  31 July 2024

31 July 2024

 

88 Energy Limited

 

Exercise of Performance Rights and Issue of Equity

 

 

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company)
announces that it has issued 41,140,000 New Ordinary Shares in the Company to
Ashley Gilbert, Managing Director of the Company, following the exercise of
performance rights.

 

Following the issue of the New Ordinary Shares Ashley Gilbert now holds a
total of 41,140,000 ordinary shares, representing 0.14% of the issued share
capital of the Company.

 

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM ("Admission"), with Admission expected
to take place at 8.00 a.m. on 6 August 2024.

 

Following the issue of the New Ordinary Shares, the Company has a total of
28,933,811,952 ordinary shares on issue, all of which have voting rights. The
figure of 28,933,811,952 ordinary shares may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change of their interest in, the
Company.

 

 

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
 Michael Vaughan                                        Tel: +61 422 602 720
 EurozHartleys Ltd
 Dale Bryan                                             Tel: + 61 8 9268 2829
 Cavendish Capital Markets Limited                      Tel: +44 (0)207 220 0500
 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  Ordinary shares

                  Identification code                      AU00000088E2
 3.2              Nature of the transaction                Exercise of performance rights / acquisition of fully paid ordinary shares,
                                                           through the Company's long tern incentive scheme
 3.3              Price(s) and volume(s)                   Price(s)  Volume(s)
                                                           nil       41,140,000
 3.4              Aggregated information

                  ·   Aggregated volume

                  ·          Price                         41,140,000

                                                           nil
 3.5              Date of the transaction                  31 July 2024
 3.6              Place of the transaction                 Outside of a trading venue

3.4

Aggregated information

·   Aggregated volume

·          Price

 

 

41,140,000

 

nil

3.5

Date of the transaction

31 July 2024

3.6

Place of the transaction

Outside of a trading venue

 

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