Director/PDMR Shareholding

Longboat Energy PLC

11 July 2023

 

11 July 2023

                                                                                   Longboat Energy plc                                              

("Longboat Energy", "the Company" or "Longboat")

Notification of Transaction by Person Discharging Managerial Responsibilities ("PDMR")

Director Share Purchase

Longboat Energy, the emerging full-cycle E&P company, has been notified that on 7^th and 10^th July 2023 the Executive Directors and PDMRs purchased 314,215 ordinary shares of 10p each in the share capital of the Company ("Company Shares"). Following this announcement, the Directors, PDMRs and related parties will hold 4.7% of the total issued share capital of the Company.  

In addition, various other employees of the Company acquired a further 110,493 Company Shares and these purchases, together with those made by the Executive Directors and PDMRs, will qualify as 'investment shares' under the Company's Co-Investment Plan and details of any award of matching shares will follow.

Helge Hammer, CEO of Longboat Energy commented: "The Directors believe there is significant value in both the Company's existing assets and the future potential to be gained from its joint venture with JAPEX and its nascent SE Asia business.

Notification of Deal Forms of each PDMR can be found below. The share purchases qualify for the Company's Co-Investment Plan, the details of which have been announced separately. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1.	Details of the person discharging managerial responsibilities/persons closely associated
a)	Name	Helge Hammer
2.	Reason for notification
a)	Position/Status	CEO
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Longboat Energy plc
b)	LEI	213800D1D587TB36ST68
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 and identification code	Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)	Nature of transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 26.7pence 240,000
d)	Aggregated Information	n/a
e)	Date of transaction	10 July 2023
f)	Place of transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/persons closely associated
a)	Name	Jonathan Cooper
2.	Reason for notification
a)	Position/Status	CFO
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Longboat Energy plc
b)	LEI	213800D1D587TB36ST68
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 and identification code	Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)	Nature of transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 24.7 pence 8,084
d)	Aggregated Information	n/a
e)	Date of transaction	07 July 2023
f)	Place of transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/persons closely associated
a)	Name	Nicholas Ingrassia
2.	Reason for notification
a)	Position/Status	Corporate Development Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Longboat Energy plc
b)	LEI	213800D1D587TB36ST68
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 and identification code	Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)	Nature of transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 26.2 pence 39,343
d)	Aggregated Information	n/a
e)	Date of transaction	10 July 2023
f)	Place of transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/persons closely associated
a)	Name	Julian Riddick
2.	Reason for notification
a)	Position/Status	Company Secretary
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Longboat Energy plc
b)	LEI	213800D1D587TB36ST68
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 and identification code	Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)	Nature of transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 26.1 pence 7,654
d)	Aggregated Information	n/a
e)	Date of transaction	7 July 2023
f)	Place of transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/persons closely associated
a)	Name	Hilde Salthe
2.	Reason for notification
a)	Position/Status	Managing Director, Longboat Energy Norge AS
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Longboat Energy plc
b)	LEI	213800D1D587TB36ST68
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 and identification code	Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)	Nature of transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 26.1 pence 19,134
d)	Aggregated Information	n/a
e)	Date of transaction	7 July 2023
f)	Place of transaction	London Stock Exchange

Longboat Energy
Helge Hammer, Chief Executive Officer	via FTI
Jon Cooper, Chief Financial Officer
Nick Ingrassia, Corporate Development Officer
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)
Callum Stewart	Tel: [phone]
Jason Grossman
Simon Mensley
Ashton Clanfield
Cenkos Securities plc (Joint Broker)
Neil McDonald	Tel: [phone]
Pete Lynch
Leif Powis
FTI Consulting (PR adviser)
Ben Brewerton	Tel: [phone]
Rosie Corbett	[e-mail]

The information contained within this announcement is considered to be inside information prior to its release.

 

END