Grant of Share Options

RNS Number : 7687C

TomCo Energy PLC

23 June 2021

 

23 June 2021

TOMCO ENERGY PLC

("TomCo" or the "Company")

 

Grant of Share Options

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that on 22 June 2021, the Company granted options ("Options") over, in aggregate, 90,500,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") pursuant to the Company's EMI option scheme and its unapproved option scheme.

All of the Options are exercisable at 0.54 pence each, being the closing mid-market price of an Ordinary Share on 22 June 2021, at any time from six months from the date of grant to the tenth anniversary of the date of grant.

85,500,000 Options were granted to the Company's Directors as detailed below:

Name	Position	Number of Options Granted	Exercise price per Ordinary Share (p)	Exercise period	Total Options Held following the Grant
John Potter	Chief Executive Officer	45,000,000	0.54	10 years	52,714,285
Malcolm Groat	Non-executive Chairman	18,000,000	0.54	10 years	20,380,952
Louis Castro	Non-executive Director	15,000,000	0.54	10 years	15,000,000
Richard Horsman	Non-executive Director	7,500,000	0.54	10 years	7,500,000

In addition, a further 5,000,000 Options were granted to an employee of the Company.

Following the above grant of Options, the total number of options outstanding over unissued Ordinary Shares is 107,865,078, representing approximately 7.43 per cent. of the Company's issued share capital.

Enquiries :

TomCo Energy plc

Malcolm Groat (Chairman) / John Potter (CEO)                        [phone]

Strand Hanson Limited (Nominated Adviser)

James Harris / Matthew Chandler                                               [phone]

Novum Securities Limited (Broker)

Jon Belliss / Colin Rowbury                                                            [phone]

IFC Advisory Limited (Financial PR)

Tim Metcalfe / Graham Herring                                                    [phone]

For further information, please visit www.tomcoenergy.com .

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

PDMR Notification Form

The notification below, is made in accordance with the requirements of MAR.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	John Potter - Chief Executive Officer Malcolm Groat - Non-executive Chairman Louis Castro - Non-executive Director Richard Horsman - Non-executive Director
2.	Reason for the Notification
a)	Position/status	See 1(a) above for positions - all classified as PDMRs of the Company
b)	Initial notification/ Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TomCo Energy Plc
b)	LEI	213800FEW97Y1CD38B95
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	In each case, the grant of Options over Ordinary Shares of no par value in the Company
	Identification code	IM00BZBXMN96
b)	Nature of the transaction	Grant of Options over Ordinary Shares of no par value in the Company
c)	Price(s) and volume(s)	Price: 0.54 pence Volumes: John Potter - 45,000,000 Options Malcolm Groat - 18,000,000 Options Louis Castro - 15,000,000 Options Richard Horsman - 7,500,000 Options
d)	Aggregated information: · Aggregated volume · Price	n/a
e)	Date of the transaction	22 June 2021
f)	Place of the transaction	Outside a trading venue

 

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