TIDMJSE

RNS Number : 2375W

Jadestone Energy PLC

20 December 2021

Jadestone Energy

Exercise of Options and Director Share Dealing

20 December 2021 - Singapore: Jadestone Energy plc (the "Company" or "Jadestone"), an independent oil and gas production company focused on the Asia-Pacific region, announces that on 17 December 2021, Dan Young, an Executive Director and Chief Financial Officer of Jadestone, exercised options over a total of 1,700,000 shares, being 650,000 ordinary shares with the exercise price of GBP 0.2801 per share, 300,000 ordinary shares with the exercise price of GBP 0.2763 per share, 250,000 ordinary shares with the exercise price of GBP 0.3558 per share and 500,000 ordinary shares with the exercise price of GBP 0.4883 per share.

The option exercise was net settled, resulting in the issue of 961,660 ordinary shares against payment of GBP0.001 per share by Mr. Young.

Following this transaction, Mr. Young will hold a total of 1,179,579 ordinary shares, which represents 0.25% of the Company's issued share capital.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below and gives further details on the transaction described above.

 
               1                   Details of PDMR / person closely associated with them 
                                    ("PCA") 
               (a)                 Name                                   Daniel Patrick Young 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
 2                   Reason for the notification 
                    ------------------------------------------------------------------------------------------------------------------------------- 
               (a)                 Position/status                        Executive Director and Chief Financial 
                                                                           Officer 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               (b)                 Initial                                Initial notification 
                                   notification/amendment 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
 3                   Details of the Issuer 
                    ------------------------------------------------------------------------------------------------------------------------------- 
 (a)                 Name                                   Jadestone Energy plc 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
 (b)                 Legal Entity Identifier                21380076GWJ8XDYKVQ37 
                      code 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               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                     Ordinary shares of GBP0.001 
                                    financial instrument 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
 (b)                 Identification Code                    GB00BLR71299 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               (c)                 Nature of the                 a) Exercise of options to acquire 650,000 
                                   transaction                    ordinary shares at GBP0.2801 per share 
                                                                  b) Exercise of options to acquire 300,000 
                                                                  ordinary shares at GBP0.2763 per share 
                                                                  c) Exercise of options to acquire 250,000 
                                                                  ordinary shares at GBP0.3558 per share 
                                                                  d) Exercise of options to acquire 500,000 
                                                                  ordinary shares at GBP0.4883 per share 
                                                                  e) Disposal of 738,340 ordinary shares 
                                                                  under net settlement arrangement at 
                                                                  GBP0.81 per share 
                                                                  f) Purchase of 961,660 ordinary shares 
                                                                  against payment of GBP0.001 per share 
                                                                  by the option holder 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
 (d)                 Currency                               GBP 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               (e)                 Price(s) and volume(s)                                                     Price(s)                   Volume(s) 
                                                                                           a)                  GBP0.2801                  650,000 
                                                                                                -------------------------  ------------------------ 
                                                                                           b)                  GBP0.2763                  300,000 
                                                                                                -------------------------  ------------------------ 
                                                                                           c)                  GBP0.3558                  250,000 
                                                                                                -------------------------  ------------------------ 
                                                                                           d)                  GBP0.4883                  500,000 
                                                                                                -------------------------  ------------------------ 
                                                                                           e)                  GBP0.81                    738,340 
                                                                                                -------------------------  ------------------------ 
                                                                                           f)                  GBP0.001                   961,660 
                                                                                                -------------------------  ------------------------ 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               (f)                 Aggregated information                 961,660 ordinary shares purchased at 
                                                                           a price of GBP0.001 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               (g)                 Date of the                            17 December 2021 
                                   transaction 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
               (h)                 Place of the                           Outside of a trading venue 
                                   transaction 
                    -------------------------------------  ---------------------------------------------------------------------------------------- 
 

For further information, please contact:

 
 Jadestone Energy plc 
 Paul Blakeley, President and CEO           +65 6324 0359 (Singapore) 
 Dan Young, CFO 
 Phil Corbett, Investor Relations Manager   +44 7713 687467 (UK) 
                                            ir@jadestone-energy.com 
 
 Stifel Nicolaus Europe Limited (Nomad,     +44 (0) 20 7710 7600 (UK) 
  Joint Broker) 
 Callum Stewart 
 Jason Grossman 
 Ashton Clanfield 
 
 Jefferies International Limited (Joint     +44 (0) 20 7029 8000 (UK) 
  Broker) 
 Tony White 
 Will Soutar 
 
 Camarco (Public Relations Advisor)         +44 (0) 203 757 4980 (UK) 
 Billy Clegg                                jse@camarco.co.uk 
 James Crothers 
 
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END

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December 20, 2021 09:10 ET (14:10 GMT)

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