REG - Kistos Holdings PLC - PDMR Participation in SIP

Kistos HoldingsAnnouncement

19/08/2024 07:00

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RNS Number : 8394A  Kistos Holdings PLC  19 August 2024

19 August 2024

 

 

Kistos Holdings plc

 

("Kistos" or the "Company")

 

PDMRs' Commitment to Acquire Shares and Receive Matching Shares

 

Kistos (LSE: KIST) announces that, further to the announcement on the adoption
of the Kistos Holdings plc Share Incentive Plan (the "SIP") dated 5 August
2024 ("Announcement"), a majority of the qualifying employees including
certain persons discharging managerial responsibilities have accepted the
invitation to participate in the SIP.

 

As set out in the Announcement, participants of the SIP are able to acquire
ordinary shares of £0.10 each in the Company ("Shares", such Shares being the
"Partnership Shares") using deductions from their salary each month and
receive an allocation of two matching Shares (the "Matching Shares") for every
one Partnership Share acquired, each at the end of the relevant period (the
"Accumulation Period").

 

As of the date of this announcement, Andrew Austin, Peter Mann, Richard Slape,
and Richard Benmore, being directors of the Company and persons discharging
managerial responsibilities (together the "PDMRs"), have accepted the
invitation to participate in the SIP. The number of Partnership Shares and the
Matching Shares the PDMRs will acquire or be allocated, as appropriate, shall
be calculated by dividing the amount deducted from a participant's salary
under the SIP during each relevant Accumulation Period by the lower of (i) the
closing price of the Shares on the business day immediately prior to the last
trading date at the beginning of the relevant Accumulation Period and (ii) the
closing price of the Shares on the business day immediately prior to the last
trading date prior to the acquisition date.

 

The Company will make further announcements in due course after the end of
each Accumulation Period with details of the Partnership Shares acquired on
behalf of the PDMRs and the allocation of the Matching Shares to the PDMRs.

 

Enquiries

 

 Kistos Holdings plc                            via Hawthorn Advisors

 Andrew Austin / Peter Mann

 Panmure Gordon (NOMAD, Joint Broker)           Tel: 0207 886 2500

 James Sinclair-Ford / Dougie McLeod

 Berenberg (Joint Broker)                       Tel: 0203 207 7800

 Matthew Armitt / Ciaran Walsh

 Hawthorn Advisors (Public Relations Advisor)   Tel: 0203 745 4960

 Henry Lerwill / Simon Woods

 Camarco (Public Relations Advisor)             Tel: 0203 757 4983

 Billy Clegg

 

Notes to editors

 

Kistos plc was established to acquire and manage companies in the energy
sector engaging in the energy transition trend. The Group's assets include
interests in the Dutch and UK North Sea, offshore Norway and onshore
Netherlands, as well as onshore gas storage assets in Cheshire, UK. Our
acquisitions in recent years bring geographical and operational
diversification, and significantly increase the Group's reserves and resources
base.

 

Kistos is a low carbon intensity gas producer with Estimated Scope 1 CO₂
emissions from its operated activities offshore of less than 0.01 kg/boe in
2022 (excluding necessary flaring during drilling campaigns).

 

www.kistosplc.com (http://www.kistosplc.com/)

 

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