Option Exercise, Placing Update and TVR

Synergia Energy Ltd

20 November 2024

 

RNS Announcement

20 November 2024

AIM: SYN

Option Exercise, Placing Update and TVR

Synergia Energy Ltd (Synergia Energy or the Company) refers to its announcement on 4 April 2023 and 30 October 2024, regarding issuing unlisted nil-cost options (NCOs) in the Company to the Company's three eligible executives (individually a Participant and collectively the Participants) in accordance with the Company's short-term incentive plan and recommendations by the Company's Remuneration Committee.

The Company has now received a notice to exercise options from the Participants as per the below table:

Participant	Position	Security	Exercise Price	No. of Options
Roland Wessel	CEO	Nil-cost options expiring 01/04/2028	Nil	27,272,727
		Nil-cost options expiring 31/10/2029	Nil	116,382,259
Ashish Khare	Head - India Assets	Nil-cost options expiring 01/04/2028	Nil	16,255,208
		Nil-cost options expiring 31/10/2029	Nil	62,261,879
Colin Judd	Former CFO	Nil-cost options expiring 01/04/2028	Nil	18,200,000
		Nil-cost options expiring 31/10/2029	Nil	71,314,677

Application has been made for the admission of the 311,686,750 new ordinary shares pursuant to the exercise of options (the NCO Shares) to trading on AIM. The NCO Shares will rank pari passu with the existing shares and it is expected that admission will become effective on or around 8.00 a.m. on 22 November 2024.

Equity Issue

Further to the Company's announcement on 5 November 2024, application has also been made to the London Stock Exchange for the 2,021,180,000 New Shares (as defined in the announcement on 5 November 2024) to be admitted to trading on AIM. The New Shares will rank pari passu with the existing shares and it is expected that admission will become effective on or around 8.00 a.m. on 22 November 2022.

Total Voting Rights

Following admission to trading on AIM of the NCO Shares and New Shares, the Company's share capital and total voting rights will comprise 13,071,741,779 shares. The Company does not hold any shares in treasury. Consequently, 13,071,741,779 is the figure which 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.

New total shareholding of each director after the issue of shares will be as mentioned below:

Name of Director	Number of shares
Roland Wessel	143,654,986 (1.10%)
Ashish Khare	78,517,087 (0.60%)

PDMR Dealing Notifications

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Roland Wessel
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial Notification Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Synergia Energy Limited
b)	LEI	213800S292RJZ97HRR83
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 Identification code	Ordinary Shares AU0000233538
b)	Nature of the transaction	Exercise of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 143,654,986
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: n/a Aggregated price: n/a
e)	Date of the transaction	15 November 2024
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ashish Khare
2	Reason for the notification
a)	Position/status	Head of India Assets
b)	Initial Notification Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Synergia Energy Limited
b)	LEI	213800S292RJZ97HRR83
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 Identification code	Ordinary Shares AU0000233538
b)	Nature of the transaction	Exercise of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 78,517,087
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: n/a Aggregated price: n/a
e)	Date of the transaction	15 November 2024
f)	Place of the transaction	London Stock Exchange, AIM

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

For further information, please contact:

Investor Enquires Synergia Energy Ltd Briana Stayt Investor Relations Email:  [e-mail] Tel: [phone] Australia

AIM Joint Broker Panmure Liberum Ltd Broker Mark Murphy / Rauf Munir / Freddie Wooding Tel: [phone] UK

AIM Joint Broker Novum Securities Broker Colin Rowbury Email:  [e-mail] Tel: [phone] UK

AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Ritchie Balmer / Rory Murphy Tel: [phone] UK

Media Enquires (UK) Vigo Consulting Investor Relations Patrick d'Ancona / Finlay Thomson Email: [e-mail] [e-mail] Tel:+ 44 20 7390 0230 UK

 

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