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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prospex Energy Plc | AQSE:PXEN.GB | Aquis Stock Exchange | Ordinary Share | GB00BMFZVZ53 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.098 | -1.12% | 8.652 | 7.20 | 8.70 | 9.35 | 7.45 | 8.75 | 240,503 | 12:04:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPXEN
RNS Number : 5078A
Prospex Energy PLC
23 September 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
23 September 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Exercise of Options and TVR and Award of Options
Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has received notices for the exercise of options to subscribe for 2,191,947 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The options were issued pursuant to option agreements dated 20 July 2020 and have been exercised by two directors and an employee of the Company, further details on which are below. The exercise price is 4 pence per option exercised, therefore generating proceeds of GBP87,677.88, in aggregate, for the Company. The Board of Directors as a whole have no current intention of selling any of their Ordinary Shares held, including those issued on the exercise of these options.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for admission of 2,191,947 new Ordinary Shares to trading on AIM ('Admission'). Admission is expected to occur on or around 29 September 2022. Following Admission, there will be a total of 272,984,675 Ordinary Shares in issue. This will be the number of Ordinary Shares that 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 the Company under the FCA's Disclosure and Transparency Rules.
Award of Options
The Company has today granted a total of 3,600,000 share options in the Company to its Board of Directors. The new options awarded represent approximately 1.3% of the issued share capital of the Company following Admission. The new options award results in the total number of options held by the Board of Directors and management of 8,593,468 options, which represents approximately 3.1% of the issued share capital following Admission.
The new options have been awarded at 8.15p per share representing a 3.2% premium to 7.90p, the closing price on 22 September 2022. The options vest immediately and are exercisable for a period of five years.
The options to be issued are set out below:
Mark Routh 900,000 William Smith 900,000 ---------- Alasdair Buchanan 900,000 ---------- Richard Mays 900,000 ---------- Total 3,600,000 ----------
Options currently held by directors: -
Director Expiry Strike Expiry Strike Total 31/3/25 Price 17/3/25 Price William Smith 21,669 75p 900,000 5p 921,669 --------- ------- ---------- ------- ---------- Richard Mays 21,669 75p 900,000 5p 921,669 --------- ------- ---------- ------- ---------- Alasdair Buchanan - - 900,000 5p 900,000 --------- ------- ---------- ------- ---------- Mark Routh - - 2,100,000 5p 2,100,000 --------- ------- ---------- ------- ---------- Totals 43,338 4,800,000 4,843,338 --------- ------- ---------- ------- ----------
Directors' total interest in options after this award:
Director Number % of share capital following Admission Mark Routh 3,000,000 1.1% ---------- ------------------- William Smith 1,821,669 0.7% ---------- ------------------- Richard Mays 1,821,669 0.7% ---------- ------------------- Alasdair Buchanan 1,800,000 0.7% ---------- ------------------- Total 8,443,338 3.1% ---------- -------------------
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
* *S * *
For further information visit www.prospex.energy or contact the following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236 1177 Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20 Rory Murphy 7409 3494 Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20 Andrew Raca/Alex Cabral (Corporate 3005 5000 Finance) Colin Rowbury Novum Securities Tel: +44 (0) 20 Jon Belliss Limited 7399 9427 Susie Geliher St Brides Partners Tel: +44 (0) 20 Ana Ribeiro Limited 7236 1177
PDMR Notification
1. Details of the person discharging managerial responsibilities / person closely associated a) Name William Smith -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ------------------------------------- b) LEI 213800NY9RH8O1B72D27 -------------------------------- ------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over the next 5 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 8.15 pence 900,000 ---------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ------------------------------------- f) Place of the transaction AIM -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Alasdair Buchanan -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ------------------------------------- b) LEI 213800NY9RH8O1B72D27 -------------------------------- ------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 8.15 pence 900,000 ---------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ------------------------------------- f) Place of the transaction AIM -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Richard Mays -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ------------------------------------- b) LEI 213800NY9RH8O1B72D27 -------------------------------- ------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over the next 5 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 8.15 pence 900,000 ---------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ------------------------------------- f) Place of the transaction AIM -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Mark Routh -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ------------------------------------- b) LEI 213800NY9RH8O1B72D27 -------------------------------- ------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over the next 5 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 8.15 pence 900,000 ---------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ------------------------------------- f) Place of the transaction AIM -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name William Smith -------------------------------- ---------------------------------------- 2. Reason for the Notification -------------------------------------------------------------------------- a) Position/status Director -------------------------------- ---------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ---------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ---------------------------------------- b) LEI 213800NY9RH8O1B72D27 -------------------------------- ---------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ---------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ---------------------------------------- b) Nature of the Transaction Exercise of options to acquire Ordinary Shares -------------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 4 pence 810,720 ---------- -------------------------------- ---------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ---------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ---------------------------------------- f) Place of the transaction AIM -------------------------------- ---------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Richard Mays -------------------------------- ---------------------------------------- 2. Reason for the Notification -------------------------------------------------------------------------- a) Position/status Director -------------------------------- ---------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ---------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ---------------------------------------- b) LEI 213800NY9RH8O1B72D27
-------------------------------- ---------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ---------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ---------------------------------------- b) Nature of the Transaction Exercise of options to acquire Ordinary Shares -------------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 4 pence 810,720 ---------- -------------------------------- ---------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ---------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ---------------------------------------- f) Place of the transaction AIM -------------------------------- ---------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Grant Glanfield -------------------------------- ---------------------------------------- 2. Reason for the Notification -------------------------------------------------------------------------- a) Position/status Senior Management -------------------------------- ---------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ---------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------- a) Name Prospex Energy Plc -------------------------------- ---------------------------------------- b) LEI 213800NY9RH8O1B72D27 -------------------------------- ---------------------------------------- 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 Ordinary shares of 0.1p each in the instrument, type of instrument share capital of the Prospex Energy plc -------------------------------- ---------------------------------------- Identification code GB00BMFZVZ53 -------------------------------- ---------------------------------------- b) Nature of the Transaction Exercise of options to acquire Ordinary Shares -------------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 4 pence 570,507 ---------- -------------------------------- ---------------------------------------- d) Aggregated information N/A (Single Transaction) Aggregated volume Price -------------------------------- ---------------------------------------- e) Date of the transaction 23 September 2022 -------------------------------- ---------------------------------------- f) Place of the transaction AIM -------------------------------- ----------------------------------------
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September 23, 2022 10:29 ET (14:29 GMT)
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