Star Energy Group PLC Grant of Awards (8280M)

TIDMSTAR

RNS Number : 8280M

Star Energy Group PLC

19 September 2023

19 September 2023

Star Energy Group plc (AIM: STAR)

("Star Energy" or "the Company" or "the Group")

Grant of awards under the Star Energy Group plc Executive Incentive Plan

The Company announces that it has issued options under a long-term incentive plan to certain Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group.

The individual's award will vest and become exercisable on the first anniversary of the date of grant of the options, 14 September 2023, subject to continued employment. The awards will vest on the condition that a share price of at least 15p is achieved.

The grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share under the Company's Executive Incentive Plan (the "Plan"), which was adopted by the Board on 16 March 2016, are as set out below:

 
 Name of            Position                 Number of Ordinary 
  Director/PDMR                               Shares subject 
                                              to Award 
                    Chief Executive 
 Chris Hopkinson     Officer                 185,000 
                   -----------------------  ------------------- 
 Frances Ward       Chief Finance Officer    185,000 
                   -----------------------  ------------------- 
 

The options are subject to malus and clawback provisions contained in the rules of the Plan.

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/Chris Sim

Canaccord Genuity (Joint Corporate Broker)

Tel: [phone]

Henry Fitzgerald-O'Connor/James Asensio

Vigo Consulting

Tel: [phone]

Patrick d'Ancona/Finlay Thomson/Kendall Hill

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                        Christopher Hopkinson 
     --------------------------  ------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------- 
 a)   Position / status           Chief Executive Officer 
     --------------------------  ------------------------- 
 b)   Initial notification         Initial notification 
       /amendment 
     --------------------------  ------------------------- 
 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              Ordinary shares of 
       the financial instrument    0.002p each 
     --------------------------  ------------------------- 
 b)   Identification              ISIN for Star Energy 
       code of the Financial       Group plc: GB00BZ042C28 
       Instrument 
     --------------------------  ------------------------- 
 c)   Nature of the transaction   Grant of nil cost 
                                   options by the Company 
                                   under the Company's 
                                   EIP 
     --------------------------  ------------------------- 
 d)   Price(s) and volume(s)       Price / Volume 
     --------------------------  ------------------------- 
                                  (i) GBPnil / 185,000 
     --------------------------  ------------------------- 
 e)   Aggregated information      N/A 
     --------------------------  ------------------------- 
      - Aggregated volume 
     --------------------------  ------------------------- 
      - Price 
     --------------------------  ------------------------- 
 f)   Date of the transaction     14 September 2023 
     --------------------------  ------------------------- 
 g)   Place of the transaction    Outside a trading 
                                   venue 
     --------------------------  ------------------------- 
 
 
 1    Details of Director/ PDMR / person closely 
       associated 
 a)   Name                        Frances Ward 
     --------------------------  ------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------- 
 a)   Position / status           Chief Financial Officer 
     --------------------------  ------------------------- 
 b)   Initial notification         Initial notification 
       /amendment 
     --------------------------  ------------------------- 
 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              Ordinary shares of 
       the financial instrument    0.002p each 
     --------------------------  ------------------------- 
 b)   Identification              ISIN for Star Energy 
       code of the Financial       Group plc: GB00BZ042C28 
       Instrument 
     --------------------------  ------------------------- 
 c)   Nature of the transaction   Grant of nil cost 
                                   options by the Company 
                                   under the Company's 
                                   EIP 
     --------------------------  ------------------------- 
 d)   Price(s) and volume(s)       Price / Volume 
     --------------------------  ------------------------- 
                                  (i) GBPnil / 185,000 
     --------------------------  ------------------------- 
 e)   Aggregated information      N/A 
     --------------------------  ------------------------- 
      - Aggregated volume 
     --------------------------  ------------------------- 
      - Price 
     --------------------------  ------------------------- 
 f)   Date of the transaction     14 September 2023 
     --------------------------  ------------------------- 
 g)   Place of the transaction    Outside a trading 
                                   venue 
     --------------------------  ------------------------- 
 

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September 19, 2023 02:00 ET (06:00 GMT)