REG - Afentra PLC - DIRECTOR / PDMR DEALINGS
10/08/2022 07:15
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RNS Number : 5307V Afentra PLC 10 August 2022
10 August 2022
AFENTRA PLC
DIRECTOR / PDMR DEALINGS
Afentra plc ('Afentra' or the 'Company') announces that on 5 August 2022 the
Company made conditional awards under the Founders Share Plan (the "Founders
Plan"), the principal terms of which were previously set out in the Company's
report and accounts, to the executive directors of the Company as set out
below:
Director / PDMR Position Percentage entitlement of conditional award
Paul McDade Chief Executive Officer 41.5%
Anastasia Deulina Chief Financial Officer 27.5%
Ian Cloke Chief Operating Officer 31.0%
The conditional awards comprise a conditional right to be granted a nil cost
option over Ordinary Shares of the Company on the basis set out in paragraph
6.1.3 of Part 7 of the Company's admission document published on the date
hereof. The conditional awards are subject to the completion of the
acquisition by the Company's subsidiary, Afentra (Angola) Ltd of a 20%
interest in Block 3/05 , offshore Angola from Sonangol P&P pursuant to a
sale and purchase agreement dated 20 April 2022.
The notifications below, made in accordance with the requirements of the
Market Abuse Regulation, provide further detail.
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Paul McDade
2. Reason for the notification
a. Position/status Chief Executive Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Afentra plc
b. LEI 21380028BFDFJK8BRX92
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 Ordinary shares of £0.10 per share par value
of instrument GB00B4X3Q493
Identification code
b. Nature of the transaction Conditional award of right to be granted nil cost options
c. Price(s) and volume(s) Price(s) Volume(s)
n/a Such number of shares as equals 41.5% of the value created above a starting
share price of £0.15 if a hurdle price of £0.30 is met up to a maximum
calculated by reference to the issued share capital at time of grant
d. Aggregated information
·Aggregated volume As above
·Price
e. Date of the transaction 5 August 2022
f. Place of the transaction Off exchange
d.
Aggregated information
·Aggregated volume
·Price
As above
e.
Date of the transaction
5 August 2022
f.
Place of the transaction
Off exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Anastasia Deulina
2. Reason for the notification
a. Position/status Chief Financial Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Afentra plc
b. LEI 21380028BFDFJK8BRX92
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 Ordinary shares of £0.10 per share par value
of instrument GB00B4X3Q493
Identification code
b. Nature of the transaction Conditional award of right to be granted nil cost ptions
c. Price(s) and volume(s) Price(s) Volume(s)
n/a Such number of shares as equals 27.5% of the value created above a starting
share price of £0.15 if a hurdle price of £0.30 is met up to a maximum
calculated by reference to the issued share capital at time of grant
d. Aggregated information
·Aggregated volume As above
·Price
e. Date of the transaction 5 August 2022
f. Place of the transaction Off exchange
d.
Aggregated information
·Aggregated volume
·Price
As above
e.
Date of the transaction
5 August 2022
f.
Place of the transaction
Off exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Ian Cloke
2. Reason for the notification
a. Position/status Chief Operating Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Afentra plc
b. LEI 21380028BFDFJK8BRX92
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 Ordinary shares of £0.10 per share par value
of instrument GB00B4X3Q493
Identification code
b. Nature of the transaction Conditional award of right to be granted nil cost options
c. Price(s) and volume(s) Price(s) Volume(s)
n/a Such number of shares as equals 31.0% of the value created above a starting
share price of £0.15 if a hurdle price of £0.30 is met up to a maximum
calculated by reference to the issued share capital at time of grant
d. Aggregated information
·Aggregated volume As above
·Price
e. Date of the transaction 5 August 2022
f. Place of the transaction Off exchange
d.
Aggregated information
·Aggregated volume
·Price
As above
e.
Date of the transaction
5 August 2022
f.
Place of the transaction
Off exchange
For further information, contact
Afentra plc
+44 (0)20 7405 4133
Paul McDade, CEO
Anastasia Deulina, CFO
Buchanan (Financial PR)
+44 (0)20 7466 5000
Ben Romney
Jon Krinks
Peel Hunt LLP (Nominated Advisor and Joint Broker)
+44 (0)20 7418 8900
Richard Crichton
Paul Gillam
David McKeown
Tennyson Securities (Joint Broker)
+44 (0)20 7186 9033
Peter Krens
About Afentra
Afentra plc (AIM:AET) is an upstream oil and gas company focused on
opportunities in Africa. The Company's purpose is to support a responsible
energy transition in Africa by establishing itself as a credible partner for
divesting IOCs and Host Governments. Afentra has a current carried interest
in the Odewayne Block onshore southwestern Somaliland.
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