REG - Prospex Energy PLC - Award of Options

Prospex EnergyAnnouncement

28/02/2023 07:00

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RNS Number : 2143R  Prospex Energy PLC  28 February 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

28 February 2023

Prospex Energy PLC

('Prospex' or the 'Company')

 

Award of Options

 

Prospex Energy PLC, the AIM quoted investment company focused on European
energy projects, has today granted a total of 3,700,000 share options in the
Company to directors and other staff (the "Options") following the annual
review of staff remuneration.  The new options awarded represent 1.30% of the
current issued share capital of the Company.  The new award results in the
total number of options awarded to staff and management of 14,346,897 which
represents 5.04% of the total issued share capital.

The options have been awarded at 12.25p per share representing a 2.04% premium
to 12.0p, the closing price of Prospex shares on 27 February 2023.

The Options vest in three months' time on 1 June 2023 and are exercisable for
a period of five years.

The Options to be issued are set out below:

 Mark Routh            1,233,333
 William Smith         370,000
 Alasdair Buchanan     370,000
 Other non-PDMR staff  1,726,667
 Total                 3,700,000

 

Options currently held by directors:

 Director           Expiry 14/04/2025  Strike Price  Expiry 17/3/2025  Strike Price  Expiry 22/09/2027  Strike Price  Total
 William Smith      21,669             75.0p         900,000           5.0p          900,000            8.15p         1,821,669
 Alasdair Buchanan  -                  -             900,000           5.0p          900,000            8.15p         1,800,000
 Mark Routh         -                  -             2,100,000         5.0p          900,000            8.15p         3,000,000
 Total              21,669             -             3,900,000         -             2,700,000          -             6,621,669

 

Directors' total after this award:

 Director           Number     % of current share capital
 Mark Routh         4,233,333  1.49%
 William Smith      2,191,669  0.77%
 Alasdair Buchanan  2,170,000  0.76%
 Total Directors    8,595,002  3.02%

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

* * ENDS * *

 

For further information visit www.prospex.energy (http://www.prospex.energy)
or contact the following:

 

 

 Mark Routh                                    Prospex Energy PLC          Tel: +44 (0) 20 7236 1177
 Ritchie Balmer                                Strand Hanson Limited       Tel: +44 (0) 20 7409 3494

Rory Murphy
 Andrew Monk (Corporate Broking)               VSA Capital Limited         Tel: +44 (0) 20 3005 5000

Andrew Raca/Alex Cabral (Corporate Finance)
 Colin Rowbury                                 Novum Securities Limited    Tel: +44 (0) 20 7399 9427

Jon Belliss
 Susie Geliher                                 St Brides Partners Limited  Tel: +44 (0) 20 7236 1177

Ana Ribeiro

 

 

 

PDMR Notification

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         William Smith
 2.  Reason for the Notification
 a)  Position/status                                              Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Prospex Energy Plc
 b)  LEI                                                          213800NY9RH8O1B72D27
 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 0.1p each in the share capital of the Prospex Energy plc
     Identification code                                          GB00BMFZVZ53
 b)  Nature of the Transaction                                    Issue of options to acquire Ordinary Shares over the next 5 years
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                  12.25 pence  370,000

 d)  Aggregated information                                       N/A (Single Transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      28 February 2023
 f)  Place of the transaction                                     AIM

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

28 February 2023

f)

Place of the transaction

AIM

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Alasdair Buchanan
 2.  Reason for the Notification
 a)  Position/status                                              Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Prospex Energy Plc
 b)  LEI                                                          213800NY9RH8O1B72D27
 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 0.1p each in the share capital of the Prospex Energy plc
     Identification code                                          GB00BMFZVZ53
 b)  Nature of the Transaction                                    Issue of options to acquire Ordinary Shares over the next 3 years
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                  12.25 pence  370,000

 d)  Aggregated information                                       N/A (Single Transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      28 February 2023
 f)  Place of the transaction                                     AIM

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

28 February 2023

f)

Place of the transaction

AIM

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Mark Routh
 2.  Reason for the Notification
 a)  Position/status                                              Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Prospex Energy Plc
 b)  LEI                                                          213800NY9RH8O1B72D27
 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 0.1p each in the share capital of the Prospex Energy plc
     Identification code                                          GB00BMFZVZ53
 b)  Nature of the Transaction                                    Issue of options to acquire Ordinary Shares over the next 3 years
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                  12.25 pence  1,233,333

 d)  Aggregated information                                       N/A (Single Transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      28 February 2023
 f)  Place of the transaction                                     AIM

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

28 February 2023

f)

Place of the transaction

AIM

 

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