REG - TomCo Energy PLC - Director Appointment and Options Grant

TomCo EnergyAnnouncement

29/05/2026 08:30

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RNS Number : 2235G  TomCo Energy PLC  29 May 2026

29 May 2026

TOMCO ENERGY PLC
("TomCo" or the "Company")

Appointment of Non-Executive Director and Grant of Share Options

TomCo (AIM: TOM), the US operating oil development group focused on using
innovative technology to unlock unconventional hydrocarbon resources, is
pleased to announce, further to the Company's announcement of 23 February 2026
and completion of the Company's Nominated Adviser's customary due diligence
process, that Mr Steven Byle has been appointed as a Non-Executive Director of
the Company with immediate effect. In addition, the Company has granted share
options ("Options") over, in aggregate 605,463,529 ordinary shares of no par
value each ("Ordinary Shares") in the capital of the Company as detailed
further below.

Additional Information on Directorate Appointment

A brief profile on Steven Byle, a highly accomplished serial entrepreneur with
substantial experience of innovative companies and technologies and
international projects in the energy sector, was set out in the Company's
announcement of 23 February 2026.

The following additional information, save for Steven's directorship of TomCo,
is provided in accordance with AIM Rule 17 and paragraph (g) of Schedule Two
of the AIM Rules for Companies:

Steven Mark Byle (aged 58)

 Current directorships/partnerships  Past directorships/partnerships in the last five years
 AetherStrike LLC                    Longview Energy Limited
 Heavy Sweet Oil LLC                 Pantheon Energy Management EU, s.r.o
 Highlands Development Group LLC
 NuCryo LLC
 Valkor LLC

Steven holds a 50 per cent. interest in Valkor LLC, which in turn holds
290,500,000 Ordinary Shares representing approximately 4.80 per cent. of the
Company's existing issued ordinary share capital. In addition to such indirect
interest in Ordinary Shares, Steven has been granted certain Options as
detailed further below.

There is no further information to be disclosed in relation to Steven's
appointment pursuant to AIM Rule 17 or Schedule Two (g) of the AIM Rules for
Companies.

Grant of Share Options

The Company has today granted Options over, in aggregate, 605,463,529 Ordinary
Shares, representing approximately 10 per cent. of the Company's existing
issued ordinary share capital, to the Company's directors and to the widow of
the Company's former Chief Executive Officer.

All such options are exercisable at a price of 0.028 pence each, being the
closing mid-market price of an Ordinary Share on 28 May 2026 and vest
immediately.

Further details of the Options over 484,370,823 Ordinary Shares which were
granted to the Company's Directors are set out below:

 

 Name           Position                Number of Options Granted  Exercise price per Ordinary Share (p)  Exercise period  Total Options Held following this Grant
 Malcolm Groat  Executive Chairman      211,912,235                0.028                                  10 years         232,293,187
 Louis Castro   Non-Executive Director  121,092,706                0.028                                  10 years         136,092,706
 Zac Phillips   Non-Executive Director  121,092,706                0.028                                  10 years         121,092,706
 Steven Byle    Non-Executive Director  30,273,176                 0.028                                  10 years         30,273,176

 

In addition, a further 121,092,706 Options were granted to the widow of the
late John Potter, the Company's former Chief Executive Officer.

Following the above grant of Options, the total number of options outstanding
over unissued Ordinary Shares is 645,844,481, representing approximately 10.67
per cent. of the Company's existing issued ordinary share capital. The
52,714,285 options held by the late John Potter have now lapsed.

 

Enquiries:

 TomCo Energy plc
 Malcolm Groat (Executive Chairman)                +44 (0)20 3823 3635

 Strand Hanson Limited (Nominated Adviser)
 James Harris / Matthew Chandler / Harry Marshall  +44 (0)20 7409 3494

 CMC Markets UK Plc (Joint Broker)

 Thomas Curran                                     +44 (0)20 7170 8200

 AlbR Capital Limited (Joint Broker)
 Jon Belliss / Colin Rowbury                       +44 (0)20 7469 0930

 

For further information, please visit www.tomcoenergy.com
(http://www.tomcoenergy.com/) .

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 ("MAR") as it forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of
the Market Abuse (Amendment) (EU Exit) Regulations 2019.

- ENDS -

 

PDMR Notification Form:

 

The notification below is made in accordance with the requirements of MAR.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         i)             Malcolm Groat

                                                                  ii)            Louis Castro

                                                                  iii)           Zac Phillips

                                                                  iv)           Steven Byle
 2.  Reason for the Notification
 a)  Position/status                                              i)             Executive Chairman

                                                                  ii)            Non-Executive Director

                                                                  iii)           Non-Executive Director

                                                                  iv)           Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         TomCo Energy plc
 b)  LEI                                                          213800FEW97Y1CD38B95
 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  In each case, the grant of Options over Ordinary shares of no par value in the
                                                                  Company
     Identification code                                          IM00BZBXMN96
 b)  Nature of the Transaction                                    Grant of Options over Ordinary Shares of no par value in the Company
 c)  Price(s) and volume(s)                                       Price: 0.028p

                                                                  Volumes:

                                                                  i)             211,912,235

                                                                  ii)            121,092,706

                                                                  iii)           121,092,706

                                                                  iv)           30,273,176
 d)  Aggregated information                                       N/A

     Aggregated volume Price
 e)  Date of the transaction                                      29 May 2026
 f)  Place of the transaction                                     Outside a trading venue

 

 

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