REG - Jadestone Energy PLC - Vesting of Share Awards and Director Share Dealing

Jadestone EnergyAnnouncement

18/03/2024 07:00

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RNS Number : 2040H  Jadestone Energy PLC  18 March 2024

Vesting of Share Awards and Director Share Dealing

 

18 March 2024 - Singapore: Jadestone Energy plc ("Jadestone", or the
"Company"), an independent upstream company focused on the Asia-Pacific
region, announces that a total of 50,570 restricted share awards ("RS Awards")
granted by the Company on 18 March 2021, pursuant to the Company's Restricted
Share Plan, vested on 18 March 2024.

 

With the vesting of the RS Awards, 50,570 ordinary shares of £0.001 each in
the capital of the Company have been issued on 18 March 2024 to A. Paul
Blakeley, Executive Director, President and CEO of Jadestone. The original RS
Awards reflected a decision by Mr Blakeley to receive a portion of his annual
base salary in the form of restricted share units to provide greater alignment
with shareholders.

 

Following the share issuance, Mr. Blakeley holds a total of 4,943,992 ordinary
shares, representing 0.91% of the Company's issued share capital.

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation, is appended below and gives further details on the
transaction described above.

 

Admission

 

Application has been made to the London Stock Exchange for the RS Awards 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 21 March 2024.

 

Total Voting Rights

 

Following the vesting of the RS Awards, the Company will have 540,817,144
Ordinary Shares (excluding treasury 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 540,817,144.

 

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.

 

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:                                                         A. Paul Blakeley

 2.                  Reason for the notification
 a)                  Position/status:                                              Executive Director, President and CEO

 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:                                    Vesting of restricted shares award

 c)                  Price(s) and volume(s):

Price  Volume
                                                                                   Nil    50,570 ordinary shares

 

 d)                  Aggregated information:

                     · Aggregated volume:                                          50,570 ordinary shares

                     · Price:                                                      Nil

 e)                  Date of the transaction:                                      18 March 2024

 f)                  Place of the transaction:                                     XOFF

 

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

50,570 ordinary shares

Nil

 

e)

Date of the transaction:

18 March 2024

 

f)

Place of the transaction:

XOFF

 

 

-ends-

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO
 Phil Corbett, Investor Relations Manager              +44 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                                         +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)
 Andrew Turner
 Elfie Kent

About Jadestone Energy

 

Jadestone Energy plc is an independent oil and gas 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.

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman Energy's business in
Asia-Pacific, the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments such at
Akatara in Indonesia and Nam Du/U Minh in Vietnam, 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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