REG - Synergia Energy Ltd - Option Exercise, Placing Update and TVR

Synergia EnergyAnnouncement

20/11/2024 07:00

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RNS Number : 8529M  Synergia Energy Ltd  20 November 2024

RNS Announcement

 

 

20 November 2024

AIM: SYN

Option Exercise, Placing Update and TVR

 

Synergia Energy Ltd (Synergia Energy or the Company) refers to its
announcement on 4 April 2023 and 30 October 2024, regarding issuing unlisted
nil-cost options (NCOs) in the Company to the Company's three eligible
executives (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.

 

The Company has now received a notice to exercise options from the
Participants as per the below table:

 

 Participant    Position                              Security                                     Exercise Price  No. of Options
 Roland Wessel  CEO                                   Nil-cost options expiring 01/04/2028         Nil             27,272,727

                Nil-cost options expiring 31/10/2029                                               Nil             116,382,259
 Ashish Khare   Head - India Assets                       Nil-cost options expiring 01/04/2028     Nil             16,255,208

                Nil-cost options expiring 31/10/2029                                               Nil             62,261,879
 Colin Judd     Former CFO                                Nil-cost options expiring 01/04/2028     Nil             18,200,000
                Nil-cost options expiring 31/10/2029                                               Nil             71,314,677

Application has been made for the admission of the 311,686,750 new ordinary
shares pursuant to the exercise of options (the NCO Shares) to trading on AIM.
The NCO Shares will rank pari passu with the existing shares and it is
expected that admission will become effective on or around 8.00 a.m. on 22
November 2024.

 

Equity Issue

Further to the Company's announcement on 5 November 2024, application has also
been made to the London Stock Exchange for the 2,021,180,000 New Shares (as
defined in the announcement on 5 November 2024) to be admitted to trading on
AIM. The New Shares will rank pari passu with the existing shares and it is
expected that admission will become effective on or around 8.00 a.m. on 22
November 2022.

 

Total Voting Rights

Following admission to trading on AIM of the NCO Shares and New Shares, the
Company's share capital and total voting rights will comprise 13,071,741,779
shares. The Company does not hold any shares in treasury. Consequently,
13,071,741,779 is the figure which may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in or a change to their interest in the
Company under the FCA's Disclosure and Transparency Rules.

 

New total shareholding of each director after the issue of shares will be as
mentioned below:

 Name of Director  Number of shares
 Roland Wessel     143,654,986 (1.10%)
 Ashish Khare      78,517,087 (0.60%)

 

 

 

PDMR Dealing Notifications

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name                                        Roland Wessel

 2   Reason for the notification

 a)  Position/status                             Chief Executive 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,   Ordinary Shares

     type  of

     instrument

     Identification code                         AU0000233538
 b)  Nature of the transaction                   Exercise of options over ordinary shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                 Nil       143,654,986

 

 d)  Aggregated information

     - Aggregated volume                         Aggregated volume: n/a

     - Price                                     Aggregated price: n/a
 e)  Date of the transaction                     15 November 2024

 f)  Place of the transaction                    London Stock Exchange, AIM

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Aggregated volume: n/a

Aggregated price: n/a

e)

Date of the transaction

15 November 2024

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name                                        Ashish Khare

 2   Reason for the notification

 a)  Position/status                             Head of India Assets

 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,   Ordinary Shares

     type  of

     instrument

     Identification code                         AU0000233538
 b)  Nature of the transaction                   Exercise of options over ordinary shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                 Nil       78,517,087

 

 d)  Aggregated information

     - Aggregated volume                         Aggregated volume: n/a

     - Price                                     Aggregated price: n/a
 e)  Date of the transaction                     15 November 2024

 f)  Place of the transaction                    London Stock Exchange, AIM

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

Aggregated volume: n/a

Aggregated price: n/a

e)

Date of the transaction

15 November 2024

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

For and on behalf of Synergia Energy Limited

 

 

Roland Wessel

CEO

 

 

For further information, please contact:

 

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

 Synergia Energy Ltd         Panmure Liberum Ltd                          Novum Securities               Strand Hanson Limited          Vigo Consulting

 Briana Stayt                Broker                                       Broker                         Nominated Adviser              Investor Relations

 Investor Relations          Mark Murphy / Rauf Munir / Freddie Wooding   Colin Rowbury                  Ritchie Balmer / Rory Murphy   Patrick d'Ancona / Finlay Thomson

 Email:                      Tel: +44 (0)20 7886 2500                     Email:                         Tel: +44 20 7409 3494          Email:

 bstayt@synergiaenergy.com   UK                                           crowbury@novumsecurities.com   UK                             patrick.dancona@vigoconsulting.com

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

 Australia                                                                UK                                                            Tel:+ 44 20 7390 0230

                                                                                                                                        UK

 

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