REG - Prospex Energy PLC - Award of Options
27/07/2023 07:15
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RNS Number : 3194H Prospex Energy PLC 27 July 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
27 July 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 4,200,000 share options in the
Company to directors and other staff (the "Options") following the Company's
success in commencing gas production from the Podere Maiar-1 well in Italy
announced on 5 July 2023. The new options awarded represent 1.43% of the
total issued share capital of the Company on 31 July 2023. The new award
results in the total number of options awarded to staff and management of
17,946,364 which represents 6.11% of the total issued share capital on 31 July
2023.
The options have been awarded at 7.0p per share representing an 11.1% premium
to 6.3p, the closing price of Prospex shares on 26 July 2023.
The Options vest immediately and are exercisable for a period of five years.
The Options to be issued are set out below:
Mark Routh 1,200,000
William Smith 300,000
Alasdair Buchanan 300,000
Andrew Hay 900,000
Grant Glanfield 500,000
Other non-PDMR staff 1,000,000
Total 4,200,000
Options currently held by directors/PDMRs:
Director* /PDMR Expiry 14/04/25 Strike Price Expiry 17/3/25 Strike Price Expiry 22/09/27 Strike Price Expiry 27/02/28 Strike Price Total
William Smith* 21,669 75.0p 900,000 5.0p 900,000 8.15p 370,000 12.25p 2,191,669
Alasdair Buchanan* - - 900,000 5.0p 900,000 8.15p 370,000 12.25p 2,170,000
Mark Routh* - - 2,100,000 5.0p 900,000 8.15p 1,233,333 12.25p 4,233,333
Andrew Hay* - - - - - - - - -
Grant Glanfield - - - - 575,556 12.25p 575,556
Total 21,669 - 3,900,000 - 2,700,000 - 2,548,889 - 9,170,558
Directors'/PDMRs total Options after this award:
Director*/PDMR Number % of share capital at 31 July 2023
Mark Routh* 5,433,333 1.85%
William Smith* 2,491,669 0.85%
Alasdair Buchanan* 2,470,000 0.84%
Andrew Hay* 900,000 0.31%
Grant Glanfield 1,075,556 0.37%
Total Directors/PDMRs 12,370,558 4.21%
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 (Tel:+44) (0) 20 7236 1177
Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Rory Murphy
Jerry Keen Fox-Davies Capital Limited Tel: +44 (0) 20 3884 7447
Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20 3005 5000
Andrew Raca/Alex Cabral (Corporate Finance)
Ana Ribeiro / Susie Geliher St Brides Partners Limited Tel: +44 (0) 20 7236 1177
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)
7.0 pence 300,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 26 July 2023
f) Place of the transaction AIM
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
26 July 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 5 years
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 300,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 26 July 2023
f) Place of the transaction AIM
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
26 July 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 5 years
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 1,200,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 26 July 2023
f) Place of the transaction AIM
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
26 July 2023
f)
Place of the transaction
AIM
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Hay
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)
7.0 pence 900,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 26 July 2023
f) Place of the transaction AIM
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
26 July 2023
f)
Place of the transaction
AIM
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Grant Glanfield
2. Reason for the Notification
a) Position/status Group Head of Finance
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)
7.0 pence 500,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 26 July 2023
f) Place of the transaction AIM
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
26 July 2023
f)
Place of the transaction
AIM
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