REG - Empyrean Energy PLC - Issue of Salary Sacrifice Shares

Empyrean EnergyAnnouncement

15/09/2023 07:00

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RNS Number : 4994M  Empyrean Energy PLC  15 September 2023

 

Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas

 

Empyrean Energy plc

 

Issue of Salary Sacrifice Shares

 

15 September 2023

 

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development
company with interests in China, Indonesia and the United States, advises that
it has issued 4,397,592 new Ordinary Shares of 0.2p each in the Company (the
"Salary Sacrifice Shares") at a deemed price of 0.8p per New Ordinary Share
(the "Issue Price"). The Salary Sacrifice Shares were issued in lieu of cash
remuneration for the period June through to August 2023 in order to preserve
capital and ensure more funds are directed towards project activities, as
previously advised to the market on 30 May 2023. This arrangement will
conclude on the earlier of 31 December 2023 or the signing of a binding
agreement for the sale (in part or whole) of Empyrean's interest in Mako.

 

Of the total Salary Sacrifice Shares issued:

 

·      2,109,375 Salary Sacrifice Shares were issued to the Managing
Director of Empyrean, Tom Kelly. Following the issue of the Salary Sacrifice
Shares, Mr Kelly has an interest in 97,248,263 Shares, representing 9.87% of
the enlarged issued share capital of the Company.

·      1,799,242 Salary Sacrifice Shares were issued to the Technical
Director of Empyrean, Gaz Bisht. Following the issue of the Salary Sacrifice
Shares, Mr Bisht has an interest in 35,470,671 Shares, representing 3.60% of
the enlarged issued share capital of the Company.

·      488,976 Salary Sacrifice Shares were issued to the Company
Secretary of Empyrean, Jonathan Whyte. Following the issue of the Salary
Sacrifice Shares, Mr Whyte has an interest in 1,162,548 Shares, representing
0.12% of the enlarged issued share capital of the Company.

 

The issue of the Salary Sacrifice Shares is being completed under the
Company's existing authorities and is not subject to the approval of
shareholders. Following the issue of the Salary Sacrifice shares, the
Company's enlarged issued share capital will comprise 985,470,767 Shares. This
figure 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 to their interest in, securities of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.

 

Application will be made for the Salary Sacrifice Shares to be admitted to
trading on AIM. Admission is expected to take place on 20 September 2023. The
Salary Sacrifice Shares will rank pari passu with existing Shares in issue.

 

For further information please contact the following:

 

 Empyrean Energy plc
 Tom Kelly                   Tel: +61 6146 5325

 Cavendish Securities plc (Nominated Advisor and Broker)
 Neil McDonald               Tel: +44 (0) 131 220 9771

 Pearl Kellie                Tel: +44 (0) 131 220 9775

 First Equity (Join Broker)
 Jason Robertson             Tel: +44 (0) 20 7330 1883

 

 

 

 

 

 

 

 

 

 

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:                                                         Thomas Kelly
 2   Reason for the Notification
 a)  Position/Status:                                              Managing Director/CEO
 b)  Initial notification/ Amendment:                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         Empyrean Energy Plc
 b)  LEI:                                                          213800ZRH1WBHEWDFA57
 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:  Ordinary shares of 0.2p each ("Shares")

     Identification code:                                          GB00B09G2351
 b)  Nature of the transaction:                                    Issue of Salary Sacrifice Shares
 c)  Price(s) and Volume(s):                                       Price
                                                                       Volume

                                                                   Nil

                                                                   2,109,375
 d)  Aggregated Information:                                       N/A (Single transaction)

     - Aggregated Volume

     - Price
 e)  Date of the Transaction:                                      14 September 2023
 f)  Place of the Transaction:                                     London Stock Exchange, AIM (LON:EME)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Gaz Bisht
 2   Reason for the Notification
 a)  Position/Status:                                              Technical Director
 b)  Initial notification/ Amendment:                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         Empyrean Energy Plc
 b)  LEI:                                                          213800ZRH1WBHEWDFA57
 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:  Ordinary shares of 0.2p each ("Shares")

     Identification code:                                          GB00B09G2351
 b)  Nature of the transaction:                                    Issue of Salary Sacrifice Shares
 c)  Price(s) and Volume(s):                                       Price
                                                                       Volume

                                                                   Nil
                                                                   1,799,242
 d)  Aggregated Information:                                       N/A (Single transaction)

     - Aggregated Volume

     - Price
 e)  Date of the Transaction:                                      14 September 2023
 f)  Place of the Transaction:                                     London Stock Exchange, AIM (LON:EME)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Jonathan Whyte
 2   Reason for the Notification
 a)  Position/Status:                                              Company Secretary
 b)  Initial notification/ Amendment:                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         Empyrean Energy Plc
 b)  LEI:                                                          213800ZRH1WBHEWDFA57
 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:  Warrants over ordinary shares of 0.2p each ("Shares")

     Identification code:                                          GB00B09G2351
 b)  Nature of the transaction:                                    Issue of Salary Sacrifice Shares
 c)  Price(s) and Volume(s):                                       Price                           Volume

                                                                   Nil                               488,976
 d)  Aggregated Information:                                       N/A (Single transaction)

     - Aggregated Volume

     - Price
 e)  Date of the Transaction:                                      14 September 2023
 f)  Place of the Transaction:                                     London Stock Exchange, AIM (LON:EME)

 

 

 

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