Issue of Performance Rights

RNS Number : 4904P

88 Energy Limited

09 February 2023

 

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 96,095,000 Performance Rights pursuant to the Company's employee incentive scheme.

This includes the issue of 33,750,000 Performance Rights to Ashley Gilbert, Managing Director of the Company. Following this award, Mr Gilbert now holds a total of 86,596,667 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 .

Media and Investor Relations:

88 Energy Ltd Ashley Gilbert, Managing Director
Tel: [phone] Email:[e-mail]
Fivemark Partners, Investor and Media Relations
Andrew Edge	Tel: [phone]
Michael Vaughan	Tel: [phone]
EurozHartleys Ltd
Dale Bryan	Tel: + 61 8 9268 2829
Cenkos Securities Plc	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 33,750,000
3.4	Aggregated information · Aggregated volume · Price	33,750,000 Performance Rights N/A
3.5	Date of the transaction	27 th January 2023
3.6	Place of the transaction	Outside of a trading venue

 

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