REG - Prospex Energy PLC - Change of Director’s Interest

Prospex EnergyAnnouncement

30/01/2023 07:00

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RNS Number : 1741O  Prospex Energy PLC  30 January 2023

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

 

30 January 2023

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Change of Director's Interest

 

Prospex Energy PLC, the AIM-quoted investment company focused on European gas
and power projects, announces that it has been advised that connected parties
of non-executive director, Richard Mays, (Richard May's SIPP and a
family-owned business, of which he is a director) have sold an aggregate total
of 1,344,135 ordinary shares at a price of 14.359p per ordinary share to
address, inter alia, taxation requirements.

 

Mr Mays remains interested in 1,400,000 ordinary shares and has interests in
convertible loan notes issued by the Company to the value of £86,000 plus
accrued interest (convertible at £0.0425 into ordinary shares).
 Additionally he has, as yet unexercised, long term incentive stock options
to buy 1,821,669 ordinary shares.

 

As a founder of the company, he remains committed to the long-term growth of
the company.

 

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
 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


 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                         Richard Mays
 Reason for the Notification
 Position/status                                              Director
 Initial notification/amendment                               Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Prospex Energy Plc
 LEI                                                          213800NY9RH8O1B72D27
 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
 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
 Nature of the Transaction                                    Sale of ordinary shares
 Price(s) and volume(s)                                       Price(s)      Volume(s)
                                                              14.359 pence  1,344,135

 Aggregated information                                       N/A (Single Transaction)

 Aggregated volume Price
 Date of the transaction                                      27 January 2023
 Place of the transaction                                     AIM

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

Date of the transaction

27 January 2023

Place of the transaction

AIM

 

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