Grant of share options

RNS Number : 2488S

Deltic Energy PLC

13 July 2022

 

13 July 2022

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

Deltic Energy Plc ("Deltic" or the "Company")

Grant of share options

Notification of transactions by directors/persons discharging managerial responsibilities

Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea, announces that the Company has granted options over a total of 34,000,000 ordinary shares in the Company ("Ordinary Shares") to its Directors, senior management and employees(the "Options"). The Options have been granted at an exercise price of 2.55 pence each, being the closing mid-market price of an Ordinary Share on 12 July 2022, the latest practicable date prior to this announcement.

The Options have been granted as a mixture of Enterprise Management Incentives qualifying and non-qualifying options in relation to the Company's Enterprise Management Incentives Plan.

The Options may vest in three equal tranches over three years and are exercisable, to the extent vested, until 10 years from the date of grant. The first tranche of one third of the Options may vest after one year from the date of grant, the second tranche of one third of the Options may vest after two years, and the third and final tranche may vest after three years.

Directors and Senior Management

The following Options have been granted to Deltic's Directors and Senior Management:

Name	Position	Number of Options granted	Total options held following grant
Graham Swindells	Chief Executive	10,000,000	58,654,096
Andrew Nunn	Chief Operating Officer	10,000,000	58,654,096
Sarah McLeod	Chief Financial Officer	5,000,000	15,032,258

Other Senior Staff and Employees

A further 9,000,000 Options have been granted to certain other senior staff and employees at the same exercise price of  2.55 pence per Ordinary Share.

The Options awarded are equivalent to 2.4% of the Company's current issued share capital. In total, 162,840,450 options over Ordinary Shares in the Company are now outstanding, representing approximately 11.6% of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 1,405,964,855.  The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Swindells
2.	Reason for the Notification
a)	Position/status	Chief Executive
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Deltic Energy Plc
b)	LEI	213800TS8K1D27AFP275
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	Grant of options over ordinary shares of 0.5p
	Identification code	ISIN: GB00B6SYKF01
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 2.55 pence per share 10,000,000
d)	Aggregated information: · Aggregated volume · Price	n/a
e)	Date of the transaction	12 July 2022
f)	Place of the transaction	XOFF

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Nunn
2.	Reason for the Notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Deltic Energy Plc
b)	LEI	213800TS8K1D27AFP275
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	Grant of options over ordinary shares of 0.5p
	Identification code	ISIN: GB00B6SYKF01
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 2.55 pence per share 10,000,000
d)	Aggregated information: · Aggregated volume · Price	n/a
e)	Date of the transaction	12 July 2022
f)	Place of the transaction	XOFF

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah McLeod
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Deltic Energy Plc
b)	LEI	213800TS8K1D27AFP275
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	Grant of options over ordinary shares of 0.5p
	Identification code	ISIN: GB00B6SYKF01
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 2.55 pence per share 5,000,000
d)	Aggregated information: · Aggregated volume · Price	n/a
e)	Date of the transaction	12 July 2022
f)	Place of the transaction	XOFF

**ENDS**

For further information please contact the following:

Deltic Energy Plc	Tel: [phone]
Graham Swindells / Andrew Nunn / Sarah McLeod
Allenby Capital Limited (Nominated Adviser & Joint Broker)	Tel: [phone]
David Hart / Alex Brearley (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Stifel Nicolaus Europe Limited (Joint Broker)	Tel: [phone]
Callum Stewart / Simon Mensley / Ashton Clanfield
Vigo Consulting (IR & PR Adviser)	Tel: [phone]
Patrick d'Ancona / Finlay Thomson / Oliver Clark

 

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