TIDMPPC

RNS Number : 3812U

President Energy PLC

02 December 2021

2 December 2021

PRESIDENT ENERGY PLC

("President" or the "Company")

Exercise of Options

President Energy (AIM: PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets, announces that it has issued and allotted an aggregate of 11,000,000 new ordinary shares of 1 penny each in the Company ("Ordinary Shares") to senior management and employees of the Company pursuant to share options issued under the terms of the Long Term Incentive Plan.

Of the 11,000,000 ordinary shares being issued 6,000,000 will be issued to persons discharging management responsibilities ("PDMR") of the Company, the remaining 5,000,000 will be issued to Non-PDMR's.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 8 December 2021.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following the exercise of options, the Company's issued share capital consists of 2,058,074,484 Ordinary Shares. Accordingly, the figure of 2,058,074,484 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 Guidance and Transparency Rules.

Contact:

 
  President Energy PLC                       +44 (0) 207 016 7950 
   Nikita Levine, Investor Relations          info@presidentpc.com 
  finnCap (Nominated Advisor and broker) 
   Christopher Raggett, Tim Harper           +44 (0) 207 220 0500 
 

Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.

The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, and Angostura exploration contract, all of which are situated in the Río Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

Atome Energy is the green hydrogen and ammonia subsidiary of President Energy PLC with intended operations in the Americas and Europe and a targeted separate listing on the London Stock Exchange market later in 2021.

With a strong strategic and institutional base of support, including the international commodity trader and logistics company Trafigura, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, President Energy gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014

 
 1.                    Details of the person discharging managerial responsibilities/person 
                        closely associated 
 a)                    Name:                                   Claudia Perez 
                      --------------------------------------  ------------------------------- 
                  2.   Reason for the notification 
                      ----------------------------------------------------------------------- 
 a)                    Position/status:                        Chief Financial Officer 
                                                                Argentina 
                      --------------------------------------  ------------------------------- 
 b)                    Initial notification/Amendment:         Initial notification 
                      --------------------------------------  ------------------------------- 
                  3.   Details of the issuer, emission allowance market participant, 
                        auction platform, auctioneer or auction monitor 
                      ----------------------------------------------------------------------- 
 a)                    Name:                                   President Energy plc 
                      --------------------------------------  ------------------------------- 
 b)                    LEI:                                    213800MA2ZN22I4ITA79 
                      --------------------------------------  ------------------------------- 
                  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 1p each 
                        instrument, type of instrument:         ISIN: GB00B3DDP128 
                        Identification code: 
                      --------------------------------------  ------------------------------- 
 b)                    Nature of the transaction:              Exercise of Share Options 
                      --------------------------------------  ------------------------------- 
 c)                    Price(s) and volume(s):                   Price(s)    Volume(s) 
                                                                  1 pence     1,500,000 
                                                                             ---------- 
                      --------------------------------------  ------------------------------- 
 d)                    Aggregated information:                 Single transaction as in 
                         *    Aggregated volume:                4 c) above 
 
 
                         *    Price: 
                      --------------------------------------  ------------------------------- 
 e)                    Date of the transaction:                2 December 2021 
                      --------------------------------------  ------------------------------- 
 f)                    Place of the transaction:               Outside a trading venue 
                      --------------------------------------  ------------------------------- 
 
 
 1.                    Details of the person discharging managerial responsibilities/person 
                        closely associated 
 a)                    Name:                                   Lucia D'Agostino 
                      --------------------------------------  ------------------------------- 
                  2.   Reason for the notification 
                      ----------------------------------------------------------------------- 
 a)                    Position/status:                        Legal & Administration 
                                                                Director 
                      --------------------------------------  ------------------------------- 
 b)                    Initial notification/Amendment:         Initial notification 
                      --------------------------------------  ------------------------------- 
                  3.   Details of the issuer, emission allowance market participant, 
                        auction platform, auctioneer or auction monitor 
                      ----------------------------------------------------------------------- 
 a)                    Name:                                   President Energy plc 
                      --------------------------------------  ------------------------------- 
 b)                    LEI:                                    213800MA2ZN22I4ITA79 
                      --------------------------------------  ------------------------------- 
                  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 1p each 
                        instrument, type of instrument:         ISIN: GB00B3DDP128 
                        Identification code: 
                      --------------------------------------  ------------------------------- 
 b)                    Nature of the transaction:              Exercise of Share Options 
                      --------------------------------------  ------------------------------- 
 c)                    Price(s) and volume(s):                   Price(s)    Volume(s) 
                                                                  1 pence     1,500,000 
                                                                             ---------- 
                      --------------------------------------  ------------------------------- 
 d)                    Aggregated information:                 Single transaction as in 
                         *    Aggregated volume:                4 c) above 
 
 
                         *    Price: 
                      --------------------------------------  ------------------------------- 
 e)                    Date of the transaction:                2 December 2021 
                      --------------------------------------  ------------------------------- 
 f)                    Place of the transaction:               Outside a trading venue 
                      --------------------------------------  ------------------------------- 
 
 
 1.                    Details of the person discharging managerial responsibilities/person 
                        closely associated 
 a)                    Name:                                   Diego De La Vega 
                      --------------------------------------  ------------------------------- 
                  2.   Reason for the notification 
                      ----------------------------------------------------------------------- 
 a)                    Position/status:                        Supply Chain Director 
                      --------------------------------------  ------------------------------- 
 b)                    Initial notification/Amendment:         Initial notification 
                      --------------------------------------  ------------------------------- 
                  3.   Details of the issuer, emission allowance market participant, 
                        auction platform, auctioneer or auction monitor 
                      ----------------------------------------------------------------------- 
 a)                    Name:                                   President Energy plc 
                      --------------------------------------  ------------------------------- 
 b)                    LEI:                                    213800MA2ZN22I4ITA79 
                      --------------------------------------  ------------------------------- 
                  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 1p each 
                        instrument, type of instrument:         ISIN: GB00B3DDP128 
                        Identification code: 
                      --------------------------------------  ------------------------------- 
 b)                    Nature of the transaction:              Exercise of Share Options 
                      --------------------------------------  ------------------------------- 
 c)                    Price(s) and volume(s):                   Price(s)    Volume(s) 
                                                                  1 pence     1,500,000 
                                                                             ---------- 
                      --------------------------------------  ------------------------------- 
 d)                    Aggregated information:                 Single transaction as in 
                         *    Aggregated volume:                4 c) above 
 
 
                         *    Price: 
                      --------------------------------------  ------------------------------- 
 e)                    Date of the transaction:                2 December 2021 
                      --------------------------------------  ------------------------------- 
 f)                    Place of the transaction:               Outside a trading venue 
                      --------------------------------------  ------------------------------- 
 
 
 1.                    Details of the person discharging managerial responsibilities/person 
                        closely associated 
 a)                    Name:                                   Ulises Macagno 
                      --------------------------------------  ------------------------------- 
                  2.   Reason for the notification 
                      ----------------------------------------------------------------------- 
 a)                    Position/status:                        Commercial Director 
                      --------------------------------------  ------------------------------- 
 b)                    Initial notification/Amendment:         Initial notification 
                      --------------------------------------  ------------------------------- 
                  3.   Details of the issuer, emission allowance market participant, 
                        auction platform, auctioneer or auction monitor 
                      ----------------------------------------------------------------------- 
 a)                    Name:                                   President Energy plc 
                      --------------------------------------  ------------------------------- 
 b)                    LEI:                                    213800MA2ZN22I4ITA79 
                      --------------------------------------  ------------------------------- 
                  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 1p each 
                        instrument, type of instrument:         ISIN: GB00B3DDP128 
                        Identification code: 
                      --------------------------------------  ------------------------------- 
 b)                    Nature of the transaction:              Exercise of Share Options 
                      --------------------------------------  ------------------------------- 
 c)                    Price(s) and volume(s):                   Price(s)    Volume(s) 
                                                                  1 pence     1,500,000 
                                                                             ---------- 
                      --------------------------------------  ------------------------------- 
 d)                    Aggregated information:                 Single transaction as in 
                         *    Aggregated volume:                4 c) above 
 
 
                         *    Price: 
                      --------------------------------------  ------------------------------- 
 e)                    Date of the transaction:                2 December 2021 
                      --------------------------------------  ------------------------------- 
 f)                    Place of the transaction:               Outside a trading venue 
                      --------------------------------------  ------------------------------- 
 

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END

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December 02, 2021 06:59 ET (11:59 GMT)

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