The following amendment has been
made to the 'Vesting of Share Awards and Director Share Dealing'
announcement released on 18 March 2024 at 07:00 under RNS No
2040H.
The admission date in the Admission
section of the announcement has been amended to when the current
share suspension is lifted and the Company's shares recommence
trading on AIM.
All other details remain
unchanged.
The full amended text is shown
below.
Vesting of Share Awards and
Director Share Dealing
18
March 2024 - Singapore: Jadestone Energy plc
("Jadestone", or the "Company"), an independent upstream company
focused on the Asia-Pacific region, announces that a total of
50,570 restricted share awards ("RS Awards") granted by the Company
on 18 March 2021, pursuant to the Company's Restricted Share Plan,
vested on 18 March 2024.
With the vesting of the RS
Awards, 50,570 ordinary shares of £0.001
each in the capital of the Company have been issued on 18 March
2024 to A. Paul Blakeley, Executive Director, President and CEO of
Jadestone. The original RS Awards reflected a decision by Mr
Blakeley to receive a portion of his annual base salary in the form
of restricted share units to provide greater alignment with
shareholders.
Following the share issuance, Mr.
Blakeley holds a total of 4,943,992 ordinary shares, representing
0.91% 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.
Admission
Application has been made to the
London Stock Exchange for the RS Awards to be admitted to trading
on AIM. It is expected that admission will become effective, and
that dealings will commence, when the current share suspension is
lifted and the Company's shares recommence trading on
AIM.
Total Voting Rights
Following the vesting of the RS
Awards, the Company will have 540,817,144 Ordinary Shares
(excluding treasury shares) of £0.001 par value each in issue, and
no Ordinary Shares in treasury. Therefore, the total voting rights
in the Company will be 540,817,144.
This figure should 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 Guidance and Transparency Rules.
DEALING NOTIFICATION
FORM
FOR USE BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED
PERSONS
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
A. Paul Blakeley
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Executive Director, President and
CEO
|
|
b)
|
Initial
notification/Amendment:
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Jadestone Energy Plc
|
|
b)
|
LEI:
|
21380076GWJ8XDYKVQ37
|
|
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:
Identification code:
|
Ordinary shares of £0.001 each in
the share capital of Jadestone Energy plc
ISIN: GB00BLR71299
|
|
b)
|
Nature of the
transaction:
|
Vesting of restricted shares
award
|
|
c)
|
Price(s) and volume(s):
|
|
Price
|
Volume
|
|
Nil
|
50,570 ordinary shares
|
|
|
d)
|
Aggregated information:
· Aggregated volume:
· Price:
|
50,570 ordinary shares
Nil
|
|
e)
|
Date of the transaction:
|
18 March 2024
|
|
f)
|
Place of the transaction:
|
XOFF
|
-ends-
For further information, please
contact:
|
Jadestone Energy plc
|
|
|
Paul Blakeley, President and
CEO
|
+65 6324 0359 (Singapore)
|
|
Bert-Jaap Dijkstra, CFO
|
|
|
Phil Corbett, Investor Relations
Manager
|
+44 7713 687467 (UK)
|
|
|
ir@jadestone-energy.com
|
|
|
|
|
Stifel Nicolaus Europe Limited (Nomad, Joint
Broker)
|
+44 (0) 20 7710 7600 (UK)
|
|
Callum Stewart
|
|
|
Jason Grossman
|
|
|
Ashton Clanfield
|
|
|
|
|
|
Peel
Hunt LLP
|
+44 (0) 20 7418 8900 (UK)
|
|
Richard Crichton
|
|
|
David McKeown
Georgia Langoulant
|
|
|
|
|
|
Camarco (Public Relations Advisor)
|
+44 (0) 203 757 4980 (UK)
|
|
Billy Clegg
|
jse@camarco.co.uk
|
|
Andrew Turner
|
|
|
Elfie Kent
|
|
|
|
|
|
|
|
|
|
About Jadestone Energy
Jadestone Energy plc is an
independent oil and gas company focused on the Asia-Pacific
region. It has a balanced and increasingly diversified
portfolio of production and development assets in Australia,
Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions
with a positive upstream investment climate.
Led by an experienced management
team with a track record of delivery, who were core to the
successful growth of Talisman Energy's business in Asia-Pacific,
the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments
such at Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well
as through acquisitions that fit within Jadestone's financial
framework and play to the Company's strengths in managing maturing
oil assets. Jadestone delivers value in its acquisition strategy by
enhancing returns through operating efficiencies, cost reductions
and increased production through further investment.
Jadestone is a responsible operator
and well positioned for the energy transition through its
increasing gas production, by maximising recovery from existing
brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy
is aligned with the IEA Net Zero by 2050 scenario, which stresses
the necessity of continued investment in existing upstream assets
to avoid an energy crisis and meet demand for oil and gas through
the energy transition.
Jadestone Energy plc (LEI:
21380076GWJ8XDYKVQ37) is listed on the AIM market of the London
Stock Exchange (AIM: JSE). The Company is headquartered in
Singapore. For further information on the Company please
visit www.jadestone-energy.com.
The
information contained within this announcement is considered to be
inside information prior to its release, as defined in Article 7 of
the Market Abuse Regulation No. 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act
2018.