REG - Star Energy Group - Grant of awards under Management Retention Plan

Star EnergyAnnouncement

01/05/2024 07:15

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RNS Number : 7039M  Star Energy Group PLC  01 May 2024

1 May 2024

 

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 £30,000 will be paid to recipients in a combination of
both cash and restricted stock.

 

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 "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

 Chris Hopkinson        Chief Executive Officer   637,500

 Frances Ward           Chief Financial Officer   229,688

This award is subject to malus and clawback and may not be exercised or
disposed of until 30 September 2024.

 

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)Christopher Hopkinson

                                                      (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 / 637,500

                                                      (ii)           £nil/ 229,688
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          1 May 2024
 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

Ann-marie Wilkinson, Chief of Staff

 

Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970

Virginia Bull/Charles Craven

 

Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio

 

Vigo Consulting                Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Finlay Thomson/Kendall Hill

 

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