REG - Sintana Energy Inc - Grant of RSUs & Issue of Shares
Tue 07:00
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RNS Number : 7959N Sintana Energy Inc 06 January 2026
Sintana Energy Inc
("Sintana", the "Company", and, together with its subsidiaries, the "Sintana
Group")
Grant of Restricted Share Units and Issue of Shares
Sintana Energy Inc (TSXV:SEI, AIM:SEI, OTCQX:SEUSF), reports that its Board of
Directors has approved the grant of a total of 7,250,000 restricted share
units ("RSUs") to several directors and service providers of the Company.
In addition, the Company announces that it has received a notice of exercise
in respect of stock options over 400,000 common shares of no-par value each in
the Company ("Common Shares"). The Company is also issuing an aggregate of
2,600,000 Common Shares upon the conversion of RSUs.
The Persons Discharging Managerial Responsibilities ("PDMRs") who have
exercised stock options and/or converted RSUs into Common Shares are as
follows:
Name of PDMR Number of RSUs converted into Common Shares Number of stock options exercised Resultant holding in the Company Resultant percentage interest in the Company
Keith Spickelmier 800,000 300,000 6,552,500 1.3%
(Non-Executive Chairman)
Douglas Manner 600,000 - 5,595,558 1.1%
(Non-Executive Director)
Total Voting Rights
Application has been made for admission to trading on the AIM of a total of
3,000,000 new Common Shares of no-par value ("Admission"). Admission is
expected on 7 January 2026. On Admission, the new Common Shares will rank pari
passu with the Company's existing Common Shares. Following Admission, the
Company's issued share capital will consist of 513,356,240 Common Shares,
with each Common Share carrying the right to one vote. The Company does not
hold any Common Shares in treasury.
This figure of 513,356,240 Common Shares may therefore be used by
shareholders in the Company, as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
Sintana Energy Inc Tel: +1 212 201 4125
Robert Bose, Chief Executive Officer
Eytan Uliel, President
Jonathan Paterson, IR +1 475 477 9401
Zeus - Nomad and Joint Broker Tel: +44 (0) 20 3829 5000
Antonio Bossi / Darshan Patel / George Duxberry
Simon Johnson (Broking)
Cavendish Capital Markets Limited - Joint Broker Tel: +44 (0) 20 3493 8000
Neil McDonald / Derrick Lee / Pearl Kellie
About Sintana
Sintana, the Canadian parent company of a group of companies, is focused on
the acquisition, exploration, potential development, and ultimately the
monetisation of a diversified portfolio of interests in high-impact assets
with significant hydrocarbon resource potential in emerging "frontier"
geographies. Specifically, this includes interests in eight licences in two
countries, Namibia and Uruguay, as well as a pending indirect interest in a
licence in Angola (and legacy assets in Colombia and The Bahamas), providing
diversified exposure to a range of geologic plays, basins, operators,
regulators, jurisdictions and geopolitical regimes.
The information below (set out in accordance with the requirements of the
Market Abuse Regulation) provides further detail:
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name 1. Robert Bose
2. Sean Austin
3. Keith Spickelmier
4. Douglas Manner
5. Knowledge Katti
2. Reason for the notification
a. Position/status 1. Chief Executive Officer & Executive Director
2. Senior Manager
3. Non-Executive Chairman
4. Non-Executive Director
5. Non-Executive Director
b. Initial notification /Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Sintana Energy Inc.
b. LEI 984500ETD72B0D4E4645
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 Restricted share units over common shares
Identification code
ISIN: CA82938H1073
b. Nature of the transaction Grant of restricted share units
c. Price(s) and volume(s) Price(p) Restricted share units
Robert Bose N/A 1,500,000
Sean Austin N/A 1,250,000
Keith Spickelmier N/A 1,000,000
Douglas Manner N/A 1,000,000
Knowledge Katti N/A 1,000,000
d. Aggregated information
Price Restricted share units
Aggregated volume N/A 5,750,000
Price
e. Date of the transaction 5 January 2026
f. Place of the transaction Outside a trading venue
d.
Aggregated information
Aggregated volume
Price
Price Restricted share units
N/A 5,750,000
e.
Date of the transaction
5 January 2026
f.
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name 1. Keith Spickelmier
2. Douglas Manner
2. Reason for the notification
a. Position/status 1. Non-Executive Chairman
2. Non-Executive Director
b. Initial notification /Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Sintana Energy Inc.
b. LEI 984500ETD72B0D4E4645
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 Common Shares of no-par value
Identification code
ISIN: CA82938H1073
b. Nature of the transaction Conversion of Restricted Share Units
c. Price(s) and volume(s) Price Volume
Keith Spickelmier N/A 800,000
Douglas Manner N/A 600,000
d. Aggregated information
Price Volume
Aggregated volume N/A 1,400,000
Price
e. Date of the transaction 5 January 2026
f. Place of the transaction Outside a trading venue
d.
Aggregated information
Aggregated volume
Price
Price Volume
N/A 1,400,000
e.
Date of the transaction
5 January 2026
f.
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Keith Spickelmier
2. Reason for the notification
a. Position/status Non-Executive Chairman
b. Initial notification /Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Sintana Energy Inc.
b. LEI 984500ETD72B0D4E4645
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 Common Shares of no-par value
Identification code
ISIN: CA82938H1073
b. Nature of the transaction Exercise of stock options
c. Price(s) and volume(s) Exercise Price (CA$) Volume
Keith Spickelmier CA$0.10 300,000
d. Aggregated information
Exercise Price (CA$) Volume
Aggregated volume CA$0.10 300,000
Price
e. Date of the transaction 5 January 2026
f. Place of the transaction Outside a trading venue
d.
Aggregated information
Aggregated volume
Price
Exercise Price (CA$) Volume
CA$0.10 300,000
e.
Date of the transaction
5 January 2026
f.
Place of the transaction
Outside a trading venue
Forward-Looking Statements
Certain information in this release are forward-looking statements.
Forward-looking statements consist of statements that are not purely
historical, including statements regarding beliefs, plans, expectations or
intentions for the future, and include, but not limited to, statements with
respect to the anticipated issuance of common shares of the Company, as well
as the prospective nature of the Company's property interests. Such
statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained
in the statements, including, but not limited to risks relating to the receipt
of all applicable regulatory approvals, results of exploration and development
activities, the ability to source joint venture partners and fund exploration,
permitting and government approvals, and other risks identified in the
Company's public disclosure documents from time to time. Readers are
cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking
statements. The Company assumes no obligation to update such information,
except as may be required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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. END IOEEAKFKESEKEEA
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