Grant of Awards under Management Retention Plan

Star Energy

16/05/2025 07:00

RNS Number : 8946I

Star Energy Group PLC

16 May 2025

 

16 May 2025

 

Star Energy Group plc (AIM: STAR)

("Star Energy" or the "Company")

 

Grant of awards under the Star Energy Group plc Management Retention Plan

In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group with those of shareholders, the Board of the Company determined that annual bonuses in excess of £15,000 will be paid to recipients in a combination of both cash and restricted stock, at its discretion. 

 

Management Retention Plan ("MRP")

 

The Company announces the following grant to the following Director and PDMR of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share (the "Ordinary Shares") under the rules of the Company's MRP, which was adopted by the Board in 2015:

 

Name of Director/PDMR
Position
Number of Ordinary Shares subject to the award
Ross Glover
Frances Ward
Chief Executive Officer
Chief Financial Officer
343,424
265,751


This award is subject to malus and clawback and may not be exercised or disposed of until 17 October 2025.

 

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
(i)Ross Glover
(ii) Frances Ward
2
Reason for the notification
a)
Position / status
(i)Chief Executive Officer
(ii) 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
Grant of nil cost options by the Company under the Company's MRP
d)
Price(s) and volume(s)
Price / Volume
(i) £nil / 343,424
(ii) £nil/ 265,751
e)
Aggregated information
N/A
- Aggregated volume
- Price
f)
Date of the transaction
16 May 2025
g)
Place of the transaction
Outside a trading venue

 

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

 

 

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