Issue of Performance Rights

RNS Number : 2644D

Tlou Energy Ltd

01 March 2022

 

1 March 2022

Tlou Energy Limited

("Tlou" or "the Company")

Issue of Performance Rights

Further to the approval by shareholders of the issue of performance rights to Tlou directors at the Company's annual general meeting held on 24 November 2021, the Company confirms that on 15 December 2021, 6,000,000 performance rights in the Company were issued for nil consideration ("Performance Rights") to Tlou Directors.

Director	Position	No. of Performance rights issued	Vesting price	Expiry date of performance rights
Colm Cloonan	Finance Director	2,000,000	AUD $0.10	31 January 2025
		2,000,000	AUD $0.165	31 January 2025
Gabaake Gabaake	Executive Director	1,000,000	AUD $0.10	31 January 2025
		1,000,000	AUD $0.165	31 January 2025

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulations, provide further details. 

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For further information regarding this announcement please contact:

Tlou Energy Limited	[phone]
Tony Gilby, Managing Director
Solomon Rowland, General Manager
Grant Thornton (Nominated Adviser)	[phone]
Harrison Clarke, Colin Aaronson, Ciara Donnelly

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	Gabaake Gabaake
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tlou Energy Limited

b)

LEI

213800SHI2BVAY1A4L52

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	Unlisted Performance Rights
	Identification code	ABN 79136739967
b)	Nature of transaction	Performance Rights Linked to Share Price Benchmarks Expiring 31 January 2025
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Unlisted Performance Rights issued for Nil consideration	2,000,000
d)	Aggregated information
	Aggregated volume
	Price
e)	Date of transaction	15 December 2021
f)	Place of transaction	Outside a trading venue

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	Colm Cloonan
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tlou Energy Limited

b)

LEI

213800SHI2BVAY1A4L52

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	Unlisted Performance Rights
	Identification code	ABN 79136739967
b)	Nature of transaction	Performance Rights Linked to Share Price Benchmarks Expiring 31 January 2025
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Unlisted Performance Rights issued for Nil consideration	4,000,000
d)	Aggregated information
	Aggregated volume
	Price
e)	Date of transaction	15 December 2021
f)	Place of transaction	Outside a trading venue

 

END

 

 

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