TIDMPXEN
RNS Number : 5078A
Prospex Energy PLC
23 September 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
23 September 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Exercise of Options and TVR and Award of Options
Prospex Energy PLC, the AIM-quoted investment company focused on
European gas and power projects, announces that it has received
notices for the exercise of options to subscribe for 2,191,947 new
ordinary shares of 0.1p each in the Company ("Ordinary Shares").
The options were issued pursuant to option agreements dated 20 July
2020 and have been exercised by two directors and an employee of
the Company, further details on which are below. The exercise price
is 4 pence per option exercised, therefore generating proceeds of
GBP87,677.88, in aggregate, for the Company. The Board of Directors
as a whole have no current intention of selling any of their
Ordinary Shares held, including those issued on the exercise of
these options.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for
admission of 2,191,947 new Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on or around 29
September 2022. Following Admission, there will be a total of
272,984,675 Ordinary Shares in issue. This will be the number of
Ordinary Shares that may 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 and Transparency
Rules.
Award of Options
The Company has today granted a total of 3,600,000 share options
in the Company to its Board of Directors. The new options awarded
represent approximately 1.3% of the issued share capital of the
Company following Admission. The new options award results in the
total number of options held by the Board of Directors and
management of 8,593,468 options, which represents approximately
3.1% of the issued share capital following Admission.
The new options have been awarded at 8.15p per share
representing a 3.2% premium to 7.90p, the closing price on 22
September 2022. The options vest immediately and are exercisable
for a period of five years.
The options to be issued are set out below:
Mark Routh 900,000
William Smith 900,000
----------
Alasdair Buchanan 900,000
----------
Richard Mays 900,000
----------
Total 3,600,000
----------
Options currently held by directors: -
Director Expiry Strike Expiry Strike Total
31/3/25 Price 17/3/25 Price
William Smith 21,669 75p 900,000 5p 921,669
--------- ------- ---------- ------- ----------
Richard Mays 21,669 75p 900,000 5p 921,669
--------- ------- ---------- ------- ----------
Alasdair Buchanan - - 900,000 5p 900,000
--------- ------- ---------- ------- ----------
Mark Routh - - 2,100,000 5p 2,100,000
--------- ------- ---------- ------- ----------
Totals 43,338 4,800,000 4,843,338
--------- ------- ---------- ------- ----------
Directors' total interest in options after this award:
Director Number % of share
capital following
Admission
Mark Routh 3,000,000 1.1%
---------- -------------------
William Smith 1,821,669 0.7%
---------- -------------------
Richard Mays 1,821,669 0.7%
---------- -------------------
Alasdair Buchanan 1,800,000 0.7%
---------- -------------------
Total 8,443,338 3.1%
---------- -------------------
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
* *S * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20
7236 1177
Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20
Rory Murphy 7409 3494
Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20
Andrew Raca/Alex Cabral (Corporate 3005 5000
Finance)
Colin Rowbury Novum Securities Tel: +44 (0) 20
Jon Belliss Limited 7399 9427
Susie Geliher St Brides Partners Tel: +44 (0) 20
Ana Ribeiro Limited 7236 1177
PDMR Notification
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name William Smith
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
8.15 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alasdair Buchanan
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
8.15 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Mays
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
8.15 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Routh
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
8.15 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name William Smith
-------------------------------- ----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Director
-------------------------------- ----------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- ----------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- ----------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- ----------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- ----------------------------------------
b) Nature of the Transaction Exercise of options to acquire Ordinary
Shares
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
4 pence 810,720
----------
-------------------------------- ----------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- ----------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- ----------------------------------------
f) Place of the transaction AIM
-------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Mays
-------------------------------- ----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Director
-------------------------------- ----------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- ----------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- ----------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- ----------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- ----------------------------------------
b) Nature of the Transaction Exercise of options to acquire Ordinary
Shares
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
4 pence 810,720
----------
-------------------------------- ----------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- ----------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- ----------------------------------------
f) Place of the transaction AIM
-------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Grant Glanfield
-------------------------------- ----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Senior Management
-------------------------------- ----------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- ----------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- ----------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- ----------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- ----------------------------------------
b) Nature of the Transaction Exercise of options to acquire Ordinary
Shares
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
4 pence 570,507
----------
-------------------------------- ----------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- ----------------------------------------
e) Date of the transaction 23 September 2022
-------------------------------- ----------------------------------------
f) Place of the transaction AIM
-------------------------------- ----------------------------------------
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END
MSCBSGDCIDDDGDX
(END) Dow Jones Newswires
September 23, 2022 10:29 ET (14:29 GMT)
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