Change of Director's Interest

RNS Number : 1741O

Prospex Energy PLC

30 January 2023

 

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

30 January 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Change of Director's Interest

Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has been advised that connected parties of non-executive director, Richard Mays, (Richard May's SIPP and a family-owned business, of which he is a director) have sold an aggregate total of 1,344,135 ordinary shares at a price of 14.359p per ordinary share to address, inter alia, taxation requirements.  

Mr Mays remains interested in 1,400,000 ordinary shares and has interests in convertible loan notes issued by the Company to the value of £86,000 plus accrued interest (convertible at £0.0425 into ordinary shares).  Additionally he has, as yet unexercised, long term incentive stock options to buy 1,821,669 ordinary shares.  

As a founder of the company, he remains committed to the long-term growth of the company.

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.

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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]

Details of the person discharging managerial responsibilities / person closely associated
Name	Richard Mays
Reason for the Notification
Position/status	Director
Initial notification/amendment	Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Prospex Energy Plc
LEI	213800NY9RH8O1B72D27
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
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
Nature of the Transaction	Sale of ordinary shares
Price(s) and volume(s)	Price(s) Volume(s) 14.359 pence 1,344,135
Aggregated information Aggregated volume Price	N/A (Single Transaction)
Date of the transaction	27 January 2023
Place of the transaction	AIM

 

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