REG - Synergia Energy Ltd - Issue of Options

Synergia EnergyAnnouncement

04/04/2023 07:00

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RNS Number : 1834V  Synergia Energy Ltd  04 April 2023

RNS Announcement

 

 

4 April 2023

AIM: SYN

Issue of Options

 

Synergia Energy Ltd (Synergia Energy or the Company) advises that it has
issued unlisted nil-cost options over 70,043,152 shares in the Company as a
non-cash settlement of amounts due to the Company's three executive directors
and the Head of India Assets (individually a Participant and collectively the
Participants) in accordance with the Company's short-term incentive plan and
recommendations by the Company's Remuneration Committee for the twelve-month
period ended 31 December 2022.

 

The number of nil-cost options allocated to each Participant represents the
monetary amount of the Participant's short-term incentive award, as calculated
by the Remuneration Committee, divided by 0.11 pence, being the average
closing share price for the week comprising the working days 20 March 2023 to
24 March 2023 inclusive.

 

The allocation is as follows:

 

 

 Participant    Position             STIP award  Nil-cost options awarded

 Joe Salomon    Exec Chairman        £9,147      8,315,217
 Roland Wessel  CEO                  £30,000     27,272,727
 Ashish Khare   Head - India Assets  £17,881     16,255,208
 Colin Judd     CFO                  £20,020     18,200,000
                                                 70,043,152

 

 

The nil-cost options are exercisable by the Participants on or before 1 April
2028.

 

PDMR Dealing Notification

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.     Joe Salomon

                                                                  2.     Roland Wessel

                                                                  3.     Ashish Khare

                                                                  4.     Colin Judd
 2   Reason for the notification
 a)  Position/status                                              1.  Executive Chairman

                                                                  2.  Chief Executive Officer

                                                                  3.  Head - India Assets

                                                                  4.  Chief Financial Officer
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Synergia Energy Limited
 b)  LEI                                                          213800S292RJZ97HRR83
 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  Options over ordinary shares of no par value each in the share capital of
                                                                  Synergia Energy Limited

     Identification code                                          AU0000233538

 b)  Nature of the transaction                                    Issue of Share Options
 c)  Price(s) and volume(s)
                                                                                       Exercise Price       Volume
                                                                                       1.  0.11p            1.  8,315,217

                                                                                       2.  0.11p            2.  27,272,727

                                                                                       3.  0.11p            3.  16,255,208

                                                                                       4.  0.11p            4.  18,200,000

 d)  Aggregated information                                       n/a

     - Aggregated volume

     - Price

 e)  Date of the transaction                                      03 April 2023
 f)  Place of the transaction                                     Outside of a trading venue

 

For and on behalf of Synergia Energy Limited

Jack Rosagro

Company Secretary

 

 

For further information, please contact:

 Investor Enquires                    AIM Broker                            AIM Nominated Adviser              Media Enquires (UK)

 Synergia Energy Ltd                  Novum Securities                      Strand Hanson Limited              Vigo Consulting

 Briana Stayt                         Broker                                Nominated Adviser                  Investor Relations

 Investor Relations                   Colin Rowbury                         Ritchie Balmer/Rory Murphy         Patrick d'Ancona / Finlay Thomson

 Email:  bstayt@synergiaenergy.com    Email: crowbury@novumsecurities.com   Tel: +44 20 7409 3494              Email: patrick.dancona@vigoconsulting.com

 Tel: +61 8 9485 3200                 Tel: +44 20 7399 9427                 UK                                 finlay.thomson@vigoconsulting.com

 Australia                            UK                                                                       Tel:+ 44 20 7390 0230 UK

 

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