REG - Deltic Energy PLC - Grant of share options
24/08/2023 07:00
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RNS Number : 2718K Deltic Energy PLC 24 August 2023
24 August 2023
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 2,025,000
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 28.25 pence each, being the closing mid-market price of an
Ordinary Share on 23 August 2023, 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 600,000 3,532,600
Andrew Nunn Chief Operating Officer 600,000 3,532,600
Sarah McLeod Chief Financial Officer 300,000 1,051,480
Other Senior Staff and Employees
A further 525,000 Options have been granted to certain other senior staff and
employees at the same exercise price of 28.25 pence per Ordinary Share.
The Options awarded are equivalent to 2.17% of the Company's current issued
share capital. In total, 10,066,560 options over Ordinary Shares in the
Company are now outstanding, representing approximately 10.8% of the Company's
current issued share capital. The total number of Ordinary Shares currently in
issue is 93,096,600. 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 10p
Identification code ISIN: GB00BNTY2N01
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price 28.25 pence per share 600,000
d) Aggregated information: n/a
·Aggregated volume
·Price
e) Date of the transaction 23 August 2023
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 10p
Identification code
ISIN: GB00BNTY2N01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s) Volume(s)
Exercise price 28.25 pence per share 600,000
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
23 August 2023
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 10p
Identification code ISIN: GB00BNTY2N01
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price 28.25 pence per share 600,000
d) Aggregated information: n/a
·Aggregated volume
·Price
e) Date of the transaction 23 August 2023
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 10p
Identification code
ISIN: GB00BNTY2N01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s) Volume(s)
Exercise price 28.25 pence per share 600,000
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
23 August 2023
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 10p
Identification code ISIN: GB00BNTY2N01
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price 28.25 pence per share 300,000
d) Aggregated information: n/a
·Aggregated volume
·Price
e) Date of the transaction 23 August 2023
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 10p
Identification code
ISIN: GB00BNTY2N01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s) Volume(s)
Exercise price 28.25 pence per share 300,000
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
23 August 2023
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 Tel: +44 (0) 20 3328 5656
Adviser)
David Hart / Alex Brearley (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Tel: +44 (0) 20 7710 7600
Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523 8000
Adam James / Gordon Hamilton
Vigo Consulting (IR Tel: +44 (0) 20 7390 0230
Adviser)
Patrick d'Ancona / Finlay Thomson / Kendall Hill
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