REG - Jadestone Energy PLC - PDMR Long-Term Incentive Plan Award
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RNS Number : 6672X Jadestone Energy PLC 23 March 2026
PDMR Long-Term Incentive Plan Award
23 March 2026 - 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 that, as part of its annual remuneration cycle, on 23 March
2026 it granted long-term incentive plan awards (the "2026 LTIP Awards") to
certain employees.
The share options in the 2026 LTIP Awards vest in three equal tranches on 1
March 2027, 1 March 2028 and 1 March 2029, respectively. Upon vesting, the
share options awards will be exercisable at a price of GBP 0.289 per share
for a period of five years from the grant date of the options.
The performance shares in the 2026 LTIP Awards vest on 1 March 2029 and are
based on a market value of GBP 0.276 per share. The number of performance
shares to be issued on vesting will be determined against two performance
measures which will be applied annually: (i) an ESG( 1 ) metric based on the
Group's Scope 1 greenhouse gas emissions from operated assets over the 2026-28
period, weighted at 20%, and (ii) an absolute total shareholder return metric
over the 2026-2028 period, weighted at 80%.
The restricted shares in the 2026 LTIP Awards vest in three equal tranches on
1 March 2027, 1 March 2028 and 1 March 2029, respectively. The market value of
the restricted shares awards is GBP 0.276 per share.
Each of Dr. Adel Chaouch (Executive Chairman) and Thomas Mitchell Little
(Executive Director and CEO) received 502,946 share options awards, 670,594
performance shares awards and 502,946 restricted shares awards. Andrew J.
Fairclough (Executive Director and CFO) received 265,849 share options awards,
354,465 performance shares awards and 265,849 restricted shares awards.
The application for a block listing of securities in respect of 2,766,466
ordinary shares arising from the share options award (the "New Ordinary
Shares") to be admitted to trading on AIM, has been submitted by the Company
to the London Stock Exchange, with the admission expected to become effective
on or around 27 March 2026. When issued, the New Ordinary Shares will be
credited as the Company's ordinary shares of £0.001 each, and each with
voting rights in the capital of the Company.
FCA Notification
Dr. Adel Chaouch (Executive Chairman of the Company), Thomas Mitchell Little
(Executive Director and Chief Executive Officer of the Company) and Andrew J.
Fairclough (Executive Director and Chief Financial Officer of the Company) are
persons discharging managerial responsibilities. The FCA notification, made in
accordance with the requirements of the UK Market Abuse Regulation, is
appended below and gives further details on the transactions.
DEALING NOTIFICATION FORM
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 each in the share capital of Jadestone Energy plc
Identification code: ISIN: GB00BLR71299
b) Nature of the transaction: i) Share options award;
ii) Performance shares award; and
iii) Restricted shares award.
c) Price(s) and volume(s):
GBP 0.289 502,946 share options
GBP 0.276 670,594 performance shares
GBP 0.276 502,946 restricted shares
d) Aggregated information:
· Aggregated volume: 502,946 share options
670,594 performance shares
502,946 restricted shares
· Price: GBP 0.289 (for the share options)
e) Date of the transaction: 23 March 2026
f) Place of the transaction: XOFF
d)
Aggregated information:
· Aggregated volume:
· Price:
502,946 share options
670,594 performance shares
502,946 restricted shares
GBP 0.289 (for the share options)
e)
Date of the transaction:
23 March 2026
f)
Place of the transaction:
XOFF
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Thomas Mitchell Little
2. Reason for the notification
a) Position/status: Executive Director and 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 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 each in the share capital of Jadestone Energy plc
Identification code: ISIN: GB00BLR71299
b) Nature of the transaction: i) Share options award;
ii) Performance shares award; and
iii) Restricted shares award.
c) Price(s) and volume(s):
GBP 0.289 502,946 share options
GBP 0.276 670,594 performance shares
GBP 0.276 502,946 restricted shares
d) Aggregated information:
· Aggregated volume: 502,946 share options
670,594 performance shares
502,946 restricted shares
· Price: GBP 0.289 (for the share options)
e) Date of the transaction: 23 March 2026
f) Place of the transaction: XOFF
d)
Aggregated information:
· Aggregated volume:
· Price:
502,946 share options
670,594 performance shares
502,946 restricted shares
GBP 0.289 (for the share options)
e)
Date of the transaction:
23 March 2026
f)
Place of the transaction:
XOFF
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Andrew J. Fairclough
2. Reason for the notification
a) Position/status: Executive Director and 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 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 each in the share capital of Jadestone Energy plc
Identification code: ISIN: GB00BLR71299
b) Nature of the transaction: i) Share options award;
ii) Performance shares award; and
iii) Restricted shares award.
c) Price(s) and volume(s):
GBP 0.289 265,849 share options
GBP 0.276 354,465 performance shares
GBP 0.276 265,849 restricted shares
d) Aggregated information:
· Aggregated volume: 265,849 share options
354,465 performance shares
265,849 restricted shares
· Price: GBP 0.289 (for the share options)
e) Date of the transaction: 23 March 2026
f) Place of the transaction: XOFF
d)
Aggregated information:
· Aggregated volume:
· Price:
265,849 share options
354,465 performance shares
265,849 restricted shares
GBP 0.289 (for the share options)
e)
Date of the transaction:
23 March 2026
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
Berenberg (Joint Broker) +44 (0) 20 3757 4980 (UK)
Ciaran Walsh
Dan Gee-Summons
Ryan Mahnke
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 developments such as 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
Company's strengths in regional upstream development and operations and
managing maturing oil assets. 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.
1 Environmental, Social and Governance
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