REG - Deltic Energy PLC - Grant of share options
13/07/2022 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220713:nRSM2488Sa&default-theme=true
RNS Number : 2488S Deltic Energy PLC 13 July 2022
13 July 2022
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
Deltic Energy Plc ("Deltic" or the "Company")
Grant of share options
Notification of transactions by directors/persons discharging managerial
responsibilities
Deltic Energy Plc, the AIM quoted natural resources investing company with a
high impact exploration and appraisal portfolio focused on the Southern North
Sea, announces that the Company has granted options over a total of 34,000,000
ordinary shares in the Company ("Ordinary Shares") to its Directors, senior
management and employees (the "Options"). The Options have been granted at an
exercise price of 2.55 pence each, being the closing mid-market price of an
Ordinary Share on 12 July 2022, the latest practicable date prior to this
announcement.
The Options have been granted as a mixture of Enterprise Management Incentives
qualifying and non-qualifying options in relation to the Company's Enterprise
Management Incentives Plan.
The Options may vest in three equal tranches over three years and are
exercisable, to the extent vested, until 10 years from the date of grant. The
first tranche of one third of the Options may vest after one year from the
date of grant, the second tranche of one third of the Options may vest after
two years, and the third and final tranche may vest after three years.
Directors and Senior Management
The following Options have been granted to Deltic's Directors and Senior
Management:
Name Position Number of Options granted Total options held following grant
Graham Swindells Chief Executive 10,000,000 58,654,096
Andrew Nunn Chief Operating Officer 10,000,000 58,654,096
Sarah McLeod Chief Financial Officer 5,000,000 15,032,258
Other Senior Staff and Employees
A further 9,000,000 Options have been granted to certain other senior staff
and employees at the same exercise price of 2.55 pence per Ordinary Share.
The Options awarded are equivalent to 2.4% of the Company's current issued
share capital. In total, 162,840,450 options over Ordinary Shares in the
Company are now outstanding, representing approximately 11.6% of the Company's
current issued share capital. The total number of Ordinary Shares currently in
issue is 1,405,964,855. The FCA notification, made in accordance with the
requirements of the UK Market Abuse Regulation is appended below.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Graham Swindells
2. Reason for the Notification
a) Position/status Chief Executive
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Deltic Energy Plc
b) LEI 213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code ISIN: GB00B6SYKF01
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price 2.55 pence per share 10,000,000
d) Aggregated information: n/a
·Aggregated volume
·Price
e) Date of the transaction 12 July 2022
f) Place of the transaction XOFF
3.
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Deltic Energy Plc
b)
LEI
213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code
ISIN: GB00B6SYKF01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s) Volume(s)
Exercise price 2.55 pence per share 10,000,000
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
12 July 2022
f)
Place of the transaction
XOFF
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Nunn
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 Deltic Energy Plc
b) LEI 213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code ISIN: GB00B6SYKF01
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price 2.55 pence per share 10,000,000
d) Aggregated information: n/a
·Aggregated volume
·Price
e) Date of the transaction 12 July 2022
f) Place of the transaction XOFF
3.
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Deltic Energy Plc
b)
LEI
213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code
ISIN: GB00B6SYKF01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s) Volume(s)
Exercise price 2.55 pence per share 10,000,000
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
12 July 2022
f)
Place of the transaction
XOFF
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sarah McLeod
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 Deltic Energy Plc
b) LEI 213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code ISIN: GB00B6SYKF01
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price 2.55 pence per share 5,000,000
d) Aggregated information: n/a
·Aggregated volume
·Price
e) Date of the transaction 12 July 2022
f) Place of the transaction XOFF
3.
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Deltic Energy Plc
b)
LEI
213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code
ISIN: GB00B6SYKF01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s) Volume(s)
Exercise price 2.55 pence per share 5,000,000
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
12 July 2022
f)
Place of the transaction
XOFF
**ENDS**
For further information please contact the following:
Deltic Energy Plc Tel: +44 (0) 20 7887 2630
Graham Swindells / Andrew Nunn / Sarah McLeod
Allenby Capital Limited (Nominated Adviser & Joint Tel: +44 (0) 20 3328 5656
Broker)
David Hart / Alex Brearley (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Stifel Nicolaus Europe Limited (Joint Tel: +44 (0) 20 7710 7600
Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Vigo Consulting (IR & PR Tel: +44 (0) 20 7390 0230
Adviser)
Patrick d'Ancona / Finlay Thomson / Oliver Clark
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHRTMMTMTIBTITRecent news on Deltic Energy
See all newsREG - Deltic Energy PLC - Selene Gas Project Update
AnnouncementREG - Deltic Energy PLC - Electronic Shareholder Communication
AnnouncementREG - Deltic Energy PLC - Operational Update
AnnouncementREG - Deltic Energy PLC - Holding(s) in Company
AnnouncementREG - Deltic Energy PLC - Selene Update and Economic Model
Announcement