Issue of Performance Rights

88 Energy Limited
22 May 2024
 

22 May 2024

 

88 Energy Limited

 

Issue of Performance Rights

 

 

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) confirms that following receipt of shareholder approval for the issue of certain performance rights ("Performance Rights") at the general meeting of the Company held on 11 November 2022 (the "GM"), the Company has now issued a total of 87,475,000 Performance Rights pursuant to the Company's employee incentive scheme.

 

This includes the issue of 37,875,000 Performance Rights to Ashley Gilbert, Managing Director of the Company. Following this award and the lapse of certain other Performance Rights, Mr Gilbert now holds a total of 116,098,333 performance rights (subject to vesting conditions).

 

Further details of the Performance Rights are set out in the notice of meeting for the GM which is available on the Company's website www.88energy.com.

 

 

This announcement has been authorised by the Board.

 

 

Media and Investor Relations:

 

88 Energy Ltd

Ashley Gilbert, Managing Director

Tel: +61 (0)8 9485 0990

Email:investor-relations@88energy.com




Fivemark Partners, Investor and Media Relations

 


Michael Vaughan

Tel: +61 (0)422 602 720



EurozHartleys Ltd


Dale Bryan

Tel: +61 (0)8 9268 2829



Cavendish Capital Markets Limited

Tel: +44 (0)207 220 0500

Derrick Lee

Tel: +44 (0)131 220 6939

Pearl Kellie

Tel: +44 (0)131 220 9775



 

The information in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

1       

Details of PDMR/person closely associated with them ("PCA")

1.1    

Name

Ashley Gilbert

1.2    

Position/Status

Managing Director

1.3    

Initial notification / amendment

Initial notification

2       

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

2.1    

Name

88 Energy Limited

2.2    

LEI

213800YFW5171TD69V35

3       

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

3.1    

Description of the financial instrument

Identification code

Performance Rights (subject to vesting conditions) over ordinary shares


AU00000088E2

3.2    

Nature of the transaction

Issue of Performance Rights

3.3    

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

37,875,000

3.4    

Aggregated information

·   Aggregated volume

·          Price

 

 

37,875,000 Performance Rights

 

N/A

3.5    

Date of the transaction

 21 May 2024

3.6    

Place of the transaction

Outside of a trading venue

 

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END
 
 
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