REG - Jadestone Energy PLC - Award of Restricted Shares

Jadestone EnergyAnnouncement

23/05/2025 07:00

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RNS Number : 8428J  Jadestone Energy PLC  23 May 2025

Award of Restricted Shares

 

23 May 2025 - Singapore: Jadestone Energy plc (AIM:JSE) (the "Company" and
together with its subsidiaries, "Jadestone" or the "Group"), an independent
upstream production and development company focused on the Asia-Pacific
region, announces the award of 1,089,580 Restricted Shares (equivalent to
US$300,000) with a three-year vesting period to Dr. Adel Chaouch, the
Executive Chairman of the Company. The Restricted Shares award has been made
in accordance with Dr. Chaouch's Executive Chairman contract, which includes
an incentive relating to the performance of the Akatara field onshore
Indonesia, with these targets being achieved in April 2025.

 

Dr. Chaouch is person discharging managerial responsibilities. The FCA
notification, made in accordance with the requirements of the UK Market Abuse
Regulation, is appended below.

 

DEALING NOTIFICATION FORMS FOR USE BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

  1.                 Details of the person discharging managerial responsibilities/person closely
                     associated
 a)                  Name:                                                         Dr. Adel Chaouch
 2.                  Reason for the notification
 a)                  Position/status:                                              Executive Chairman

 b)                  Initial notification/Amendment:                               Initial Notification

 3.                  Details of the issuer, emission allowance market participant, auction
                     platform, auctioneer or auction monitor
 a)                  Name                                                          Jadestone Energy Plc
 b)                  LEI:                                                          21380076GWJ8XDYKVQ37
 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 £0.001

                     Identification code:

                                                                                   ISIN: GB00BLR71299
 b)                  Nature of the transaction:                                    Restricted shares award
 c)                  Price(s) and volume(s):                                       1,089,580  restricted shares
 d)                  Aggregated information:

                     · Aggregated volume:                                          1,089,580 restricted shares

                     · Price:
 e)                  Date of the transaction:                                      22 May 2025
 f)                  Place of the transaction:                                     XOFF

 

-ends-

 

For further information, please contact:

 

 Jadestone Energy plc
 Phil Corbett, Head of Investor Relations              +44 (0) 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Peel Hunt LLP (Joint Broker)                          +44 (0) 20 7418 8900 (UK)
 Richard Crichton
 David McKeown
 Georgia Langoulant

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Georgia Edmonds
 Poppy Hawkins

 

About Jadestone Energy

 

Jadestone Energy plc is an independent upstream company focused on the
Asia-Pacific region. It has a balanced and increasingly diversified portfolio
of production and development assets in Australia, Malaysia, Indonesia and
Vietnam, all stable jurisdictions with a positive upstream investment climate.

 

The Company is pursuing a strategy to grow and diversify the Company's
production base both organically, through Nam Du/U Minh in Vietnam and the
Puteri Cluster offshore Malaysia, as well as through acquisitions that fit
within Jadestone's financial framework and play to the Group's strengths in
managing maturing oil assets and developing discovered gas resources.
Jadestone delivers value in its acquisition strategy by enhancing returns
through operating efficiencies, cost reductions and increased production
through further investment.

 

Jadestone is a responsible operator and well positioned for the energy
transition through its increasing gas production, by maximising recovery from
existing brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy is aligned
with the IEA Net Zero by 2050 scenario, which stresses the necessity of
continued investment in existing upstream assets to avoid an energy crisis and
meet demand for oil and gas through the energy transition.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

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