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: [phone] Email:[e-mail]
Fivemark Partners, Investor and Media Relations
Michael Vaughan	Tel: [phone]
EurozHartleys Ltd
Dale Bryan	Tel: [phone]
Cavendish Capital Markets Limited	Tel: [phone]
Derrick Lee	Tel: [phone]
Pearl Kellie	Tel: [phone]

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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