REG - Jadestone Energy PLC - Vesting and Awards of Restricted Shares

Jadestone EnergyAnnouncement

06/12/2024 07:00

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RNS Number : 0622P  Jadestone Energy PLC  06 December 2024

Vesting and Awards of Restricted Shares

 

6 December 2024 - Singapore: Jadestone Energy plc (AIM:JSE) ("Jadestone" or
the "Company"), an independent upstream production company focused on the
Asia-Pacific region, announces that the Company has issued 43,655 Ordinary
Shares of £0.01 each in connection with the restricted shares award which
vested and were announced on 5 December 2024. An application has been made to
the London Stock Exchange for these 43,655 Ordinary Shares to be admitted to
trading on AIM. It is expected that admission will become effective, and that
dealings will commence, at 8.00 a.m. GMT on 11 December 2024.

 

Total Voting Rights

 

Following admission of the Ordinary Shares referenced above, the Company will
have 541,110,799 Ordinary Shares of £0.001 par value each in issue, and no
Ordinary Shares in treasury. Therefore, the total voting rights in the Company
will be 541,110,799.

 

This figure should 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, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

Awards of Restricted Shares

 

Following the announcement of 5 December 2024, the Company has proposed to
award restricted shares with a three-year vesting period to Dr Adel Chaouch,
the Executive Chairman, and Andrew Fairclough, Executive Director and Chief
Financial Officer. Both individuals, as persons discharging managerial
responsibilities, are recipients of these restricted shares awards in
connection with their appointments. The FCA notifications, made in accordance
with the requirements of the UK Market Abuse Regulation are appended below and
give further details on the transaction.

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:                                                         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:

GB00BLR71299
 (b)  Nature of the transaction:                                    Restricted shares award
 (c)  Price(s) and volume(s):                                       940,000 restricted shares
 (d)  Aggregated information:

- Aggregated volume:

- Price:                                                     940,000 restricted shares

                                                                    -
 (e)  Date of the transaction:                                      6 December 2024
 (f)  Place of the transaction:                                     AIMX

 

 

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:                                                         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

Identification code:

GB00BLR71299
 (b)  Nature of the transaction:                                    Restricted shares award
 (c)  Price(s) and volume(s):                                       302,000 restricted shares
 (d)  Aggregated information:

- Aggregated volume:

- Price:                                                     302,000 restricted shares

                                                                    -
 (e)  Date of the transaction:                                      6 December 2024
 (f)  Place of the transaction:                                     AIMX

 

 

-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
 Elfie Kent

 

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,
Thailand 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 at Akatara in
Indonesia, Nam Du/U Minh in Vietnam and the PNLP Cluster offshore Malaysia, as
well as through acquisitions that fit within Jadestone's financial framework
and play to the Company's strengths in 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.

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