RNS Number : 5199Z
Star Energy Group PLC
06 March 2025
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 Group's obligations under Article 17 of MAR.
6 March 2025
Star Energy Group plc (AIM: STAR)
("Star Energy" or "the Company" or "the Group")
Grant of Awards
Star Energy announces that it has issued options to certain Directors of the Group.
Grant of awards under the Star Energy Management Retention Plan (the "MRP")
The Company has issued options under the MRP to the Executive Directors of the Group.
The individuals' awards will vest and become exercisable on the first anniversary of the date of grant of the options, 5 March 2026, subject to continued employment.
The grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share ("Shares") under the Company's MRP, which was adopted by the board of directors of the Company ("Board") in 2015, are as set out below:
Name of Director/PDMR
Position
Number of Shares subject to Award
Ross Glover
Chief Executive Officer
300,000
Frances Ward
Chief Finance Officer
225,000
The options are subject to malus and clawback provisions contained in the rules of the MRP.
Grant of awards under the Star Energy Executive Incentive Plan (the "EIP")
The Company has issued options under the EIP to the Executive Directors of the Group.
The individuals' awards will vest and become exercisable on the first anniversary of the date of grant of the options, 5 March 2026, subject to continued employment ("EIP Options Vesting Date"). The awards will be exercisable on the condition that the volume-weighted average closing middle market quotation of a share for the thirty-day period ending on the Dealing Day immediately before the EIP Options Vesting Date is at least 14 pence.
The grant of nil cost options over Shares under the EIP, which was adopted by the Board in 2016, are as set out below:
Name of Director/PDMR
Position
Number of Shares subject to Award
Ross Glover
Chief Executive Officer
525,000
Frances Ward
Chief Finance Officer
395,000
The options are subject to malus and clawback provisions contained in the rules of the EIP.
Grant of awards to Non-executive Directors
The Company announces the grant of options over Shares to its Non-executive Directors.
The individuals' awards will vest and become exercisable on the first anniversary of the date of grant of the options, 5 March 2026, subject to the individual remaining a Non-executive Director ("NED Options Vesting Date").
The Tranche 1 awards will be exercisable on the condition that the volume-weighted average closing middle market quotation of a share for the thirty-day period ending on the Dealing Day immediately before the NED Options Vesting Date is at least 14 pence.
The Tranche 2 awards do not have a vesting share price condition.
The price payable in respect of the exercise of an option is 0.002 pence per share, being the nominal value of a share.
Name of Non-executive Director
Number of options
Tranche 1 - vesting condition of 14p share price
Tranche 2 - no share price vesting condition
Philip Jackson
90,000
65,000
Kate Coppinger
90,000
43,000
Antony White
90,000
43,000
Aneliya Erdly
90,000
43,000
This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.
For further information please contact:
Star Energy Group plc
Tel: +44 (0)20 7993 9899
Ross Glover, Chief Executive Officer
Frances Ward, Chief Financial Officer
Zeus (Nominated Adviser & Broker)
Tel: +44 (0)203 829 5000
Antonio Bossi, Alexandra Campbell-Harris (Investment Banking)
Simon Johnson (Corporate Broking)
Vigo Consulting
Tel: +44 (0)207 597 5970
Patrick d'Ancona/Finlay Thomson/Kendall Hill
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:
1
Details of Director/ PDMR / person closely associated
a)
Name
Ross Glover
2
Reason for the notification
a)
Position / status
Chief Executive Officer
b)
Initial notification /amendment
Initial notification
3
Details of the issuer
a)
Name
Star Energy Group plc
b)
LEI
213800S8WP2L294NR559
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
Ordinary shares of 0.002p each
b)
Identification code of the Financial Instrument
ISIN for Star Energy Group plc: GB00BZ042C28
c)
Nature of the transaction
(1) Grant of nil cost options by the Company under the Company's MRP (2) Grant of nil cost options by the Company under the Company's EIP
d)
Price(s) and volume(s)
Price / Volume
(1) £nil / 300,000 (2) £nil / 525,000
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
5 March 2025
g)
Place of the transaction
Outside a trading venue
1
Details of Director/ PDMR / person closely associated
a)
Name
Frances Ward
2
Reason for the notification
a)
Position / status
Chief Financial Officer
b)
Initial notification /amendment
Initial notification
3
Details of the issuer
a)
Name
Star Energy Group plc
b)
LEI
213800S8WP2L294NR559
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
Ordinary shares of 0.002p each
b)
Identification code of the Financial Instrument
ISIN for Star Energy Group plc: GB00BZ042C28
c)
Nature of the transaction
(1) Grant of nil cost options by the Company under the Company's MRP (2) Grant of nil cost options by the Company under the Company's EIP
d)
Price(s) and volume(s)
Price / Volume
(1) £nil / 225,000 (2) £nil / 395,000
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
5 March 2025
g)
Place of the transaction
Outside a trading venue
1
Details of Director/ PDMR / person closely associated
a)
Name
Philip Jackson
2
Reason for the notification
a)
Position / status
Non-executive Director
b)
Initial notification /amendment
Initial notification
3
Details of the issuer
a)
Name
Star Energy Group plc
b)
LEI
213800S8WP2L294NR559
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
Ordinary shares of 0.002p each
b)
Identification code of the Financial Instrument
ISIN for Star Energy Group plc: GB00BZ042C28
c)
Nature of the transaction
Grant of options by the Company under the Company's NED Option Agreement
d)
Price(s) and volume(s)
Price / Volume
(i) £0.00002 / 155,000
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
5 March 2025
g)
Place of the transaction
Outside a trading venue
1
Details of Director/ PDMR / person closely associated
a)
Name
Kate Coppinger
2
Reason for the notification
a)
Position / status
Non-executive Director
b)
Initial notification /amendment
Initial notification
3
Details of the issuer
a)
Name
Star Energy Group plc
b)
LEI
213800S8WP2L294NR559
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
Ordinary shares of 0.002p each
b)
Identification code of the Financial Instrument
ISIN for Star Energy Group plc: GB00BZ042C28
c)
Nature of the transaction
Grant of options by the Company under the Company's NED Option Agreement
d)
Price(s) and volume(s)
Price / Volume
(i) £0.00002 / 133,000
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
5 March 2025
g)
Place of the transaction
Outside a trading venue
1
Details of Director/ PDMR / person closely associated
a)
Name
Aneliya Erdley
2
Reason for the notification
a)
Position / status
Non-executive Director
b)
Initial notification /amendment
Initial notification
3
Details of the issuer
a)
Name
Star Energy Group plc
b)
LEI
213800S8WP2L294NR559
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
Ordinary shares of 0.002p each
b)
Identification code of the Financial Instrument
ISIN for Star Energy Group plc: GB00BZ042C28
c)
Nature of the transaction
Grant of options by the Company under the Company's NED Option Agreement
d)
Price(s) and volume(s)
Price / Volume
(i) £0.00002 / 133,000
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
5 March 2025
g)
Place of the transaction
Outside a trading venue
1
Details of Director/ PDMR / person closely associated
a)
Name
Antony White
2
Reason for the notification
a)
Position / status
Non-executive Director
b)
Initial notification /amendment
Initial notification
3
Details of the issuer
a)
Name
Star Energy Group plc
b)
LEI
213800S8WP2L294NR559
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
Ordinary shares of 0.002p each
b)
Identification code of the Financial Instrument
ISIN for Star Energy Group plc: GB00BZ042C28
c)
Nature of the transaction
Grant of options by the Company under the Company's NED Option Agreement
d)
Price(s) and volume(s)
Price / Volume
(i) £0.00002 / 133,000
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
5 March 2025
g)
Place of the transaction
Outside a trading venue
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