Deltic Energy PLC Grant of share options (2488S)
13 Julio 2022 - 1:00AM
UK Regulatory
TIDMDELT
RNS Number : 2488S
Deltic Energy PLC
13 July 2022
13 July 2022
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural
Resources
Deltic Energy Plc ("Deltic" or the "Company")
Grant of share options
Notification of transactions by directors/persons discharging
managerial responsibilities
Deltic Energy Plc, the AIM quoted natural resources investing
company with a high impact exploration and appraisal portfolio
focused on the Southern North Sea, announces that the Company has
granted options o ver a total of 34,000,000 ordinary shares in the
Company ("Ordinary Shares") to its Directors, senior management and
employees (the "Options"). The Options have been granted at an
exercise price of 2.55 pence each, being the closing mid-market
price of an Ordinary Share on 12 July 2022, the latest practicable
date prior to this announcement.
The Options have been granted as a mixture of Enterprise
Management Incentives qualifying and non-qualifying options in
relation to the Company's Enterprise Management Incentives
Plan.
The Options may vest in three equal tranches over three years
and are exercisable, to the extent vested, until 10 years from the
date of grant. The first tranche of one third of the Options may
vest after one year from the date of grant, the second tranche of
one third of the Options may vest after two years, and the third
and final tranche may vest after three years.
Directors and Senior Management
The following Options have been granted to Deltic's Directors
and Senior Management:
Name Position Number of Total options
Options granted held following
grant
Graham Swindells Chief Executive 10,000,000 58,654,096
------------------------- ----------------- ----------------
Andrew Nunn Chief Operating Officer 10,000,000 58,654,096
------------------------- ----------------- ----------------
Sarah McLeod Chief Financial Officer 5,000,000 15,032,258
------------------------- ----------------- ----------------
Other Senior Staff and Employees
A further 9,000,000 Options have been granted to certain other
senior staff and employees at the same exercise price of 2.55 pence
per Ordinary Share.
The Options awarded are equivalent to 2.4% of the Company's
current issued share capital. In total, 162,840,450 options over
Ordinary Shares in the Company are now outstanding, representing
approximately 11.6% of the Company's current issued share capital.
The total number of Ordinary Shares currently in issue is
1,405,964,855. The FCA notification, made in accordance with the
requirements of the UK Market Abuse Regulation is appended
below.
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) Name Graham Swindells
------------------------------- --------------------------------
2. Reason for the Notification
-----------------------------------------------------------------
a) Position/status Chief Executive
------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- --------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------
a) Name Deltic Energy Plc
------------------------------- --------------------------------
b) LEI 213800TS8K1D27AFP275
------------------------------- --------------------------------
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 Grant of options
the Financial instrument, over ordinary shares
type of instrument of 0.5p
Identification ISIN: GB00B6SYKF01
code
------------------------------- --------------------------------
b) Nature of the transaction Grant of Options
------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
2.55 pence per
share 10,000,000
-----------
------------------------------- --------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- --------------------------------
e) Date of the transaction 12 July 2022
------------------------------- --------------------------------
f) Place of the transaction XOFF
------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Nunn
------------------------------- --------------------------------
2. Reason for the Notification
-----------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- --------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------
a) Name Deltic Energy Plc
------------------------------- --------------------------------
b) LEI 213800TS8K1D27AFP275
------------------------------- --------------------------------
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 Grant of options
the Financial instrument, over ordinary shares
type of instrument of 0.5p
Identification ISIN: GB00B6SYKF01
code
------------------------------- --------------------------------
b) Nature of the transaction Grant of Options
------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
2.55 pence per
share 10,000,000
-----------
------------------------------- --------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- --------------------------------
e) Date of the transaction 12 July 2022
------------------------------- --------------------------------
f) Place of the transaction XOFF
------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sarah McLeod
------------------------------- -------------------------------
2. Reason for the Notification
----------------------------------------------------------------
a) Position/status 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 Deltic Energy Plc
------------------------------- -------------------------------
b) LEI 213800TS8K1D27AFP275
------------------------------- -------------------------------
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 Grant of options
the Financial instrument, over ordinary shares
type of instrument of 0.5p
Identification ISIN: GB00B6SYKF01
code
------------------------------- -------------------------------
b) Nature of the transaction Grant of Options
------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
2.55 pence per
share 5,000,000
----------
------------------------------- -------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- -------------------------------
e) Date of the transaction 12 July 2022
------------------------------- -------------------------------
f) Place of the transaction XOFF
------------------------------- -------------------------------
**ENDS**
For further information please contact the following:
Deltic Energy Plc Tel: +44 (0) 20 7887
2630
Graham Swindells / Andrew Nunn / Sarah McLeod
Tel: +44 (0) 20 3328
Allenby Capital Limited (Nominated Adviser 5656
& Joint Broker)
David Hart / Alex Brearley (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Tel: +44 (0) 20 7710
Stifel Nicolaus Europe Limited (Joint Broker) 7600
Callum Stewart / Simon Mensley / Ashton
Clanfield
Vigo Consulting (IR & PR Adviser) Tel: +44 (0) 20 7390
0230
Patrick d'Ancona / Finlay Thomson / Oliver
Clark
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