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Empyrean Energy PLC (EME)

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Tuesday 20 February, 2018

Empyrean Energy PLC

Exercise of Options

RNS Number : 4276F
Empyrean Energy PLC
20 February 2018
 

This announcement contains inside information

 

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

 

20 February 2018

 

Empyrean Energy PLC ('Empyrean' or 'the Company')

 

Exercise of Options

 

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, announces that Apnea Holdings Pty Ltd, a company wholly-owned by Empyrean CEO, Tom Kelly, has today exercised options in respect of 15,000,000 new ordinary shares of 0.2p each ("Option Exercise Shares") at an exercise price of 4p per Option Exercise Share, raising £600,000 ("the Option Exercise").  Mr Kelly now has an interest in 70,881,563 shares representing 17.1% of the Company's enlarged issued share capital.

 

Application has been made for the Option Exercise Shares to be admitted to trading on AIM.  Admission is expected to take place on 26 February 2018. The Option Exercise Shares will rank pari passu with existing ordinary shares.

 

Following the Option Exercise, the Company's enlarged issued share capital will comprise 413,995,110 ordinary shares, each with voting rights.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

**ENDS**

Empyrean Energy plc

Tom Kelly                                                                                            Tel: +61 8 9380 9920

Cenkos Securities plc

Neil McDonald                                                                                     Tel: +44 (0) 131 220 9771

Beth McKiernan                                                                                   Tel: +44 (0) 131 220 9778

St Brides Partners Ltd

Lottie Wadham                                                                                    Tel: +44 (0) 20 7236 1177

Frank Buhagiar                                                                                    Tel: +44 (0) 20 7236 1177

 

 

 

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

Tom Kelly

2.

Reason for the Notification

a)

Position/status

Chief Executive Officer of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Empyrean Energy plc

b)

LEI

213800ZRH1WBHEWDFA57

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 0.2p each ("Ordinary Shares")

Identification code

GB00B09G2351

b)

Nature of the Transaction

Exercise of options

c)

Price(s) and volume(s)

Price

Volume

4p per Ordinary Share

15,000,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

20 February 2018

f)

Place of the transaction

London Stock Exchange, AIM (LON:EME)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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