REG - Sunda Energy PLC - Grant of Share Options

Sunda EnergyAnnouncement

04/11/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241104:nRSD7328Ka&default-theme=true

RNS Number : 7328K  Sunda Energy PLC  04 November 2024

4 November 2024

 

Sunda Energy Plc

("Sunda" or the "Company")

 

Grant of Share Options

 

Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company
focused on gas assets in Southeast Asia, announces that it has granted share
options over, in aggregate, 975,000,000 ordinary shares of 0.025 pence each in
the capital of the Company ("Ordinary Shares") to certain directors, senior
management, employees and a consultant at an exercise price of 0.0725 pence
per Ordinary Share (the "Options"), being the middle market closing price on 1
November 2024, the latest practicable closing price prior to this
announcement.  These Options have been granted under both an HMRC approved
Enterprise Management Incentive plan (the "EMI Share Option Scheme") and an
unapproved share option plan. The Options have a ten-year life from the date
of grant.

 

Accordingly, a total of 2,332,500,000 option awards are outstanding following
these latest grants, which represents approximately 9.14 per cent. of the
Company's existing issued share capital of 25,510,783,788 Ordinary Shares.

 

The following new Options have been granted to the Company's Executive
Directors:

 

 Name                    Position                 Number of new Options granted  Type                     Exercise price per Ordinary Share (pence)  Exercise period  Total Options held following this grant

 Dr Andrew John Butler   Chief Executive Officer  425,000,000                    Unapproved Options       0.0725                                     10 years         600,000,000

 Robert Stewart Collins  Chief Financial Officer  300,000,000                    EMI Share Option Scheme  0.0725                                     10 years         300,000,000

 

The new Options set out in the table above all vest in three equal tranches
(one, two and three years from the date of grant).

 

The FCA notification, made in accordance with the requirements of UK MAR is
appended below.

 

Senior Management, Employees and a Consultant

 

A further 250,000,000 new Options, in aggregate, have been granted to certain
other members of senior management, employees and a consultant at the same
exercise price of 0.0725 pence per Ordinary Share.  These options vest in the
same manner as those awarded to the Executive Directors of the Company.

 

For further information, please contact:

 

 Sunda Energy Plc                                                                 Tel: +44 (0) 20 7770 6424

 Andy Butler, Chief Executive

 Rob Collins, Chief Financial Officer

 Allenby Capital Limited                                                          Tel: +44 (0) 20 3328 5656

 Nominated Adviser and Joint Broker

 Nick Athanas, Nick Harriss, George Payne (Corporate Finance)

 Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking)

 Cavendish Capital Markets Limited                                                Tel: +44 (0) 131 220 6939

 Joint Broker                                                                    +44 (0) 207 220 0500

 Neil McDonald, Pearl Kellie (Corporate Finance)

 Celicourt Communications                                                        Tel: +44 (0) 20 7770 6424

 Financial PR and IR                                                             sunda@celicourt.uk

 Mark Antelme, Philip Dennis, Charles Denley-Myerson

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.     Details of the person discharging managerial responsibilities/person closely
        associated
 (a)    Full name of person Dealing                                  Andrew John Butler
 2.     Reason for notification
 (b)    Position/status                                              PDMR - Chief Executive
 (c)    Initial notification/ Amendment                              Initial notification
 3.     Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 (d)    Name of entity                                               Sunda Energy Plc
 (e)    LEI                                                          213800MBSOS9UZ5SW712
 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  Ordinary Shares of 0.025 pence each in the Company
 (b)    Identification code                                          GB00B01QGH57
 (c)    Nature of the transaction                                    Grant of share options
 (d)    Price(s) and volume(s)                                       Exercise Price                  Volume
                                                                     Exercise price of 0.0725 pence  425,000,000 share options
 (e)    Aggregated information:                                      N/A - transactions are as in 4(d) above.

        - Aggregated volume

        - Price
 (f)    Date of transaction                                          1 November 2024
 (g)    Place of transaction                                         Outside a trading venue

(e)

Aggregated information:

- Aggregated volume

- Price

N/A - transactions are as in 4(d) above.

(f)

Date of transaction

1 November 2024

(g)

Place of transaction

Outside a trading venue

 

 

 1.     Details of the person discharging managerial responsibilities/person closely
        associated
 (a)    Full name of person Dealing                                  Robert Stewart Collins
 2.     Reason for notification
 (b)    Position/status                                              PDMR - Chief Financial Officer
 (c)    Initial notification/ Amendment                              Initial notification
 3.     Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 (d)    Name of entity                                               Sunda Energy Plc
 (e)    LEI                                                          213800MBSOS9UZ5SW712
 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  Ordinary Shares of 0.025 pence each in the Company
 (b)    Identification code                                          GB00B01QGH57
 (c)    Nature of the transaction                                    Grant of share options
 (d)    Price(s) and volume(s)                                       Exercise Price                  Volume
                                                                     Exercise price of 0.0725 pence  300,000,000 share options
 (e)    Aggregated information:                                      N/A - transactions are as in 4(d) above.

        - Aggregated volume

        - Price
 (f)    Date of transaction                                          1 November 2024
 (g)    Place of transaction                                         Outside a trading venue

(e)

Aggregated information:

- Aggregated volume

- Price

N/A - transactions are as in 4(d) above.

(f)

Date of transaction

1 November 2024

(g)

Place of transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUPGMPGUPCGMW