REG - TomCo Energy PLC - Grant of Share Options

TomCo EnergyAnnouncement

23/06/2021 07:05

RNS Number : 7687C
  
TomCo Energy PLC
  
23 June 2021
  
 

23 June 2021
 
TOMCO ENERGY PLC 
("TomCo" or the "Company") 
 
Grant of Share Options
 
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that on 22 June 2021, the Company granted options ("Options") over, in aggregate, 90,500,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") pursuant to the Company's EMI option scheme and its unapproved option scheme.
 
All of the Options are exercisable at 0.54 pence each, being the closing mid-market price of an Ordinary Share on 22 June 2021, at any time from six months from the date of grant to the tenth anniversary of the date of grant.
 
85,500,000 Options were granted to the Company's Directors as detailed below:
 




Name


Position


Number of Options Granted


Exercise price per Ordinary Share (p)


Exercise period


Total Options Held following the Grant




John Potter


Chief Executive Officer


45,000,000


0.54


10 years


52,714,285




Malcolm Groat


Non-executive Chairman


18,000,000


0.54


10 years


20,380,952




Louis Castro


Non-executive Director


15,000,000


0.54


10 years


15,000,000




Richard Horsman


Non-executive Director


7,500,000


0.54


10 years


7,500,000




 
In addition, a further 5,000,000 Options were granted to an employee of the Company.
 
Following the above grant of Options, the total number of options outstanding over unissued Ordinary Shares is 107,865,078, representing approximately 7.43 per cent. of the Company's issued share capital.
 
 
Enquiries:
 
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO)                        +44 (0)20 3823 3635
 
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler                                               +44 (0)20 7409 3494 
 
Novum Securities Limited (Broker)
Jon Belliss / Colin Rowbury                                                           +44 (0)20 7399 9402
 
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Graham Herring                                                   +44 (0)20 3934 6630
 
For further information, please visit 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.
 
 
 
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)


Names


John Potter - Chief Executive Officer 
Malcolm Groat - Non-executive Chairman
Louis Castro - Non-executive Director
Richard Horsman - Non-executive Director
 




2.            


Reason for the Notification




a)


Position/status


See 1(a) above for positions - all classified as PDMRs of the Company




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: 0.54 pence
Volumes:
John Potter - 45,000,000 Options
Malcolm Groat - 18,000,000 Options
Louis Castro - 15,000,000 Options
Richard Horsman - 7,500,000 Options
 




d)


Aggregated information:
·    Aggregated volume
·    Price


n/a




e)


Date of the transaction


22 June 2021




f)


Place of the transaction


Outside a trading venue




 
 

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