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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Deltic Energy Plc | AQSE:DELT.GB | Aquis Stock Exchange | Ordinary Share | GB00BNTY2N01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.75 | 5.00 | 6.50 | 5.75 | 5.75 | 5.75 | 0.00 | 06:59:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDELT
RNS Number : 2718K
Deltic Energy PLC
24 August 2023
24 August 2023
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
Deltic Energy Plc ("Deltic" or the "Company")
Grant of share options
Notification of transactions by directors/persons discharging managerial responsibilities
Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea, announces that the Company has granted options o ver a total of 2,025,000 ordinary shares in the Company ("Ordinary Shares") to its Directors, senior management and employees (the "Options"). The Options have been granted at an exercise price of 28.25 pence each, being the closing mid-market price of an Ordinary Share on 23 August 2023, the latest practicable date prior to this announcement.
The Options have been granted as a mixture of Enterprise Management Incentives qualifying and non-qualifying options, in relation to the Company's Enterprise Management Incentives Plan.
The Options may vest in three equal tranches over three years and are exercisable, to the extent vested, until 10 years from the date of grant. The first tranche of one third of the Options may vest after one year from the date of grant, the second tranche of one third of the Options may vest after two years, and the third and final tranche may vest after three years.
Directors and Senior Management
The following Options have been granted to Deltic's Directors and Senior Management:
Name Position Number of Total options Options granted held following grant Graham Swindells Chief Executive 600,000 3,532,600 ------------------------- ----------------- ---------------- Andrew Nunn Chief Operating Officer 600,000 3,532,600 ------------------------- ----------------- ---------------- Sarah McLeod Chief Financial Officer 300,000 1,051,480 ------------------------- ----------------- ----------------
Other Senior Staff and Employees
A further 525,000 Options have been granted to certain other senior staff and employees at the same exercise price of 28.25 pence per Ordinary Share.
The Options awarded are equivalent to 2.17% of the Company's current issued share capital. In total, 10,066,560 options over Ordinary Shares in the Company are now outstanding, representing approximately 10.8% of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 93,096,600. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.
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 Graham Swindells ------------------------------- -------------------------------- 2. Reason for the Notification ----------------------------------------------------------------- a) Position/status Chief Executive ------------------------------- -------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- -------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------- a) Name Deltic Energy Plc ------------------------------- -------------------------------- b) LEI 213800TS8K1D27AFP275 ------------------------------- -------------------------------- 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 Grant of options Financial instrument, over ordinary shares type of instrument of 10p Identification code ISIN: GB00BNTY2N01 ------------------------------- -------------------------------- b) Nature of the transaction Grant of Options ------------------------------- -------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Exercise price 28.25 pence per share 6 00,000 ---------- ------------------------------- -------------------------------- d) Aggregated information: n/a * Aggregated volume * Price ------------------------------- -------------------------------- e) Date of the transaction 23 August 2023 ------------------------------- -------------------------------- f) Place of the transaction XOFF ------------------------------- -------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Andrew Nunn ------------------------------- -------------------------------- 2. Reason for the Notification ----------------------------------------------------------------- a) Position/status Chief Operating Officer ------------------------------- -------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- -------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------- a) Name Deltic Energy Plc ------------------------------- -------------------------------- b) LEI 213800TS8K1D27AFP275 ------------------------------- -------------------------------- 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 Grant of options Financial instrument, over ordinary shares type of instrument of 10p Identification code ISIN: GB00BNTY2N01 ------------------------------- -------------------------------- b) Nature of the transaction Grant of Options ------------------------------- -------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Exercise price 28.25 pence per share 6 00,000 ---------- ------------------------------- -------------------------------- d) Aggregated information: n/a * Aggregated volume * Price ------------------------------- -------------------------------- e) Date of the transaction 23 August 2023 ------------------------------- -------------------------------- f) Place of the transaction XOFF ------------------------------- -------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Sarah McLeod ------------------------------- -------------------------------- 2. Reason for the Notification ----------------------------------------------------------------- a) Position/status Chief Financial Officer ------------------------------- -------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- -------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------- a) Name Deltic Energy Plc ------------------------------- -------------------------------- b) LEI 213800TS8K1D27AFP275 ------------------------------- -------------------------------- 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 Grant of options the Financial instrument, over ordinary shares type of instrument of 10p Identification ISIN: GB00BNTY2N01 code ------------------------------- -------------------------------- b) Nature of the transaction Grant of Options ------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s) Exercise price 28.25 pence per share 3 00,000 ---------- ------------------------------- -------------------------------- d) Aggregated information: n/a * Aggregated volume * Price ------------------------------- -------------------------------- e) Date of the transaction 23 August 2023 ------------------------------- -------------------------------- f) Place of the transaction XOFF ------------------------------- --------------------------------
**ENDS**
For further information please contact the following:
Deltic Energy Plc Tel: +44 (0) 20 7887 2630 Graham Swindells / Andrew Nunn / Sarah McLeod Allenby Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3328 5656 David Hart / Alex Brearley (Corporate Finance) Stifel Nicolaus Europe Limited (Joint Broker) Tel: +44 (0) 20 7710 7600 Callum Stewart / Simon Mensley / Ashton Clanfield Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523 Adam James / Gordon Hamilton 8000 Vigo Consulting (IR Adviser) Tel: +44 (0) 20 7390 0230 Patrick d'Ancona / Finlay Thomson / Kendall Hill
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August 24, 2023 02:00 ET (06:00 GMT)
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