Award of Options

RNS Number : 2143R

Prospex Energy PLC

28 February 2023

 

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

28 February 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Award of Options

Prospex Energy PLC, the AIM quoted investment company focused on European energy projects, has today granted a total of 3,700,000 share options in the Company to directors and other staff (the "Options") following the annual review of staff remuneration.  The new options awarded represent 1.30% of the current issued share capital of the Company.  The new award results in the total number of options awarded to staff and management of 14,346,897 which represents 5.04% of the total issued share capital.

The options have been awarded at 12.25p per share representing a 2.04% premium to 12.0p, the closing price of Prospex shares on 27 February 2023.

The Options vest in three months' time on 1 June 2023 and are exercisable for a period of five years.

The Options to be issued are set out below:

Mark Routh	1,233,333
William Smith	370,000
Alasdair Buchanan	370,000
Other non-PDMR staff	1,726,667
Total	3,700,000

Options currently held by directors:

Director	Expiry 14/04/2025	Strike Price	Expiry 17/3/2025	Strike Price	Expiry 22/09/2027	Strike Price	Total
William Smith	21,669	75.0p	900,000	5.0p	900,000	8.15p	1,821,669
Alasdair Buchanan	-	-	900,000	5.0p	900,000	8.15p	1,800,000
Mark Routh	-	-	2,100,000	5.0p	900,000	8.15p	3,000,000
Total	21,669	-	3,900,000	-	2,700,000	-	6,621,669

Directors' total after this award:

Director	Number	% of current share capital
Mark Routh	4,233,333	1.49%
William Smith	2,191,669	0.77%
Alasdair Buchanan	2,170,000	0.76%
Total Directors	8,595,002	3.02%

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

Mark Routh	Prospex Energy PLC	Tel: [phone]
Ritchie Balmer Rory Murphy	Strand Hanson Limited	Tel: [phone]
Andrew Monk (Corporate Broking) Andrew Raca/Alex Cabral (Corporate Finance)	VSA Capital Limited	Tel: [phone]
Colin Rowbury Jon Belliss	Novum Securities Limited	Tel: [phone]
Susie Geliher Ana Ribeiro	St Brides Partners Limited	Tel: [phone]

PDMR Notification

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Smith
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Prospex Energy Plc
b)	LEI	213800NY9RH8O1B72D27
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	Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc
	Identification code	GB00BMFZVZ53
b)	Nature of the Transaction	Issue of options to acquire Ordinary Shares over the next 5 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 12.25 pence 370,000
d)	Aggregated information Aggregated volume Price	N/A (Single Transaction)
e)	Date of the transaction	28 February 2023
f)	Place of the transaction	AIM

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alasdair Buchanan
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Prospex Energy Plc
b)	LEI	213800NY9RH8O1B72D27
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	Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc
	Identification code	GB00BMFZVZ53
b)	Nature of the Transaction	Issue of options to acquire Ordinary Shares over the next 3 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 12.25 pence 370,000
d)	Aggregated information Aggregated volume Price	N/A (Single Transaction)
e)	Date of the transaction	28 February 2023
f)	Place of the transaction	AIM

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Routh
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Prospex Energy Plc
b)	LEI	213800NY9RH8O1B72D27
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	Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc
	Identification code	GB00BMFZVZ53
b)	Nature of the Transaction	Issue of options to acquire Ordinary Shares over the next 3 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 12.25 pence 1,233,333
d)	Aggregated information Aggregated volume Price	N/A (Single Transaction)
e)	Date of the transaction	28 February 2023
f)	Place of the transaction	AIM

 

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