Star Energy Group PLC Grant of awards under Management Retention Plan

RNS Number : 7039M

Star Energy Group PLC

01 May 2024

 

1 May 2024

 

Star Energy Group plc (AIM: STAR)

("Star Energy" or "the Company")

 

Grant of awards under the Star Energy Group plc Management Retention Plan

In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group with those of shareholders, the Board of the Company determined that annual bonuses in excess of £30,000 will be paid to recipients in a combination of both cash and restricted stock. 

 

Management Retention Plan ("MRP")

 

The Company announces the following grant to the following Director and PDMR of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share (the "Shares") under the rules of the Company's MRP, which was adopted by the Board in 2015:

 

Name of Director/PDMR	Position	Number of ordinary shares subject to the award
Chris Hopkinson Frances Ward	Chief Executive Officer Chief Financial Officer	637,500 229,688

This award is subject to malus and clawback and may not be exercised or disposed of until 30 September 2024.

 

The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:

 

1	Details of Director/ PDMR / person closely associated
a)	Name	(i)Christopher Hopkinson (ii) Frances Ward
2	Reason for the notification
a)	Position / status	(i)Chief Executive Officer (ii) Chief Financial Officer
b)	Initial notification /amendment	Initial notification
3	Details of the issuer
a)	Name	Star Energy Group plc
b)	LEI	213800S8WP2L294NR559
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	Ordinary shares of 0.002p each
b)	Identification code of the Financial Instrument	ISIN for Star Energy Group plc: GB00BZ042C28
c)	Nature of the transaction	Grant of nil cost options by the Company under the Company's MRP
d)	Price(s) and volume(s)	Price /  Volume
		(i)            £nil / 637,500 (ii)           £nil/ 229,688
e)	Aggregated information	N/A
	-  Aggregated volume
	-  Price
f)	Date of the transaction	1 May 2024
g)	Place of the transaction	Outside a trading venue

 

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.

For further information please contact:

Star Energy Group plc                    Tel: [phone]

Ann-marie Wilkinson, Chief of Staff

 

Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: [phone]

Virginia Bull/Charles Craven

 

Canaccord Genuity (Joint Corporate Broker) Tel: [phone]

Henry Fitzgerald-O'Connor/James Asensio

 

Vigo Consulting                Tel: [phone]

Patrick d'Ancona/Finlay Thomson/Kendall Hill 

 

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