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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
88 Energy Limited | LSE:88E | London | Ordinary Share | AU00000088E2 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0025 | -1.47% | 0.1675 | 0.165 | 0.17 | 0.17 | 0.1675 | 0.1675 | 56,016,892 | 08:27:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -14.44M | -0.0006 | 0.00 | 0 |
TIDM88E
RNS Number : 0704E
88 Energy Limited
06 February 2018
88 Energy Limited
Exercise of Options
88 Energy Limited ("88E" or the "Company") confirms that it has issued a total of 64,719,441 fully paid ordinary shares in the Company (the "New Ordinary Shares") pursuant to the exercise of options (the "Options").
Application has been made for admission of the New Ordinary Shares to trading on AIM, which is expected to occur on 12 February 2018. Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 4,713,183,373 ordinary shares in issue, all of which have voting rights.
The Company also announces that certain of the Options were exercised by directors of the Company on 6 February 2018, details of which are as follows:
Director Number of Exercise Total number % interest Options Price of Ordinary after Exercise Exercised Shares held of Options after Exercise of Options -------------------- ----------- --------- ---------------- ---------------- Michael John Evans 8,000,000 $0.015 18,541,667 0.39% -------------------- ---------------- ---------------- 2,125,000 $0.02 -------------------- ----------- --------- ---------------- ---------------- George Henry Stephen Staley 3,500,000 $0.015 10,141,667 0.22% -------------------- ---------------- ---------------- 825,000 $0.02 -------------------- ----------- --------- ---------------- ---------------- David James Wall 18,500,000 $0.015 32,291,666 0.69% -------------------- ---------------- ---------------- 1,375,000 $0.02 -------------------- ---------------- ---------------- 750,000 $0.02 -------------------- ----------- --------- ---------------- ---------------- Brent Villemarette 6,000,000 $0.015 7,221,222 0.15% -------------------- ----------- --------- ---------------- ----------------
In addition, certain of the directors of the Company sold their interest in unlisted options held by them on 6 February 2018, details of which are as follows:
Director Number of Sale Price Description Options Sold of Options ----------------- -------------- ----------- ----------------- Unlisted Options exercisable at $0.015 on or before George Henry 18 February Stephen Staley 2,500,000 $0.011 2018 ----------------- -------------- ----------- ----------------- Unlisted Options exercisable at $0.015 on or before David James 18 February Wall 6,500,000 $0.011 2018 ----------------- -------------- ----------- -----------------
The direct and indirect interests of the directors of the Company after the exercise of Options and other transactions described above are now as follows:
Director Total number % interest Total number of Ordinary of Options Shares held held -------------------- ------------- ----------- ------------------ 8,000,000 Unlisted Options exercisable at $0.021 on or before Michael John 1 November Evans 18,541,667 0.39% 2018 -------------------- ------------- ----------- 5,000,000 Unlisted Options exercisable at $0.06 on or before 14 March 2020 -------------------- ------------- ----------- ------------------ 6,000,000 Unlisted Options exercisable at $0.021 on or before George Henry 1 November Stephen Staley 10,141,667 0.22% 2018 -------------------- ------------- ----------- ------------------ 40,000,000 Unlisted Options exercisable at $0.021 on or before David James 1 November Wall 32,291,666 0.69% 2018 -------------------- ------------- ----------- 20,000,000 Unlisted Options exercisable at $0.06 on or before 14 March 2020 -------------------- ------------- ----------- ------------------ 6,000,000 Unlisted Options exercisable at $0.021 on or before 1 November Brent Villemarette 7,221,222 0.15% 2018 -------------------- ------------- ----------- 5,000,000 Unlisted Options exercisable at $0.06 on or before 14 March 2020 -------------------- ------------- ----------- ------------------
Media and Investor Relations:
88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990
Email: admin@88energy.com
Finlay Thomson, Investor Relations Tel: +44 7976 248471
Hartleys Ltd
Dale Bryan Tel: + 61 8 9268 2829
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee
1. Details of the person discharging managerial responsibilities / person closely associated ---- --------------------------------------------------------------------------------- a) Name Michael John Evans ---- -------------------------------- ----------------------------------------------- 2. Reason for the Notification ---- --------------------------------------------------------------------------------- a) Position/status Director 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 88 Energy Limited ---- -------------------------------- ----------------------------------------------- b) LEI 213800YFW5171TD69V35 ---- -------------------------------- ----------------------------------------------- 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 the Financial instrument, type of instrument ---- -------------------------------- ----------------------------------------------- Identification AU00000088E2 code ---- -------------------------------- ----------------------------------------------- b) Nature of the Exercise of Options Transaction
---- -------------------------------- ----------------------------------------------- c) Price(s) and Number of Options Price volume(s) Exercised ---- -------------------------------- 8,000,000 $0.015 ------------------------------------- 2,125,000 $0.02 ------------------------------------- ---------------------------------- ----------- d) Aggregated information 10,125,000 options exercised at an aggregate Aggregated volume value of $162,500 Price ---- -------------------------------- ----------------------------------------------- e) Date of the transaction 6 February 2018 ---- -------------------------------- ----------------------------------------------- f) Place of the London Stock Exchange, AIM (LON:88E) transaction ---- -------------------------------- ----------------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated -------- ------------------------------------------------------------------------- a) Name George Henry Stephen Staley -------- -------------------------------- --------------------------------------- 2. Reason for the Notification -------- ------------------------------------------------------------------------- a) Position/status Director 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 88 Energy Limited -------- -------------------------------- --------------------------------------- b) LEI 213800YFW5171TD69V35 -------- -------------------------------- --------------------------------------- 4.(i) 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 the Financial instrument, type of instrument -------- -------------------------------- --------------------------------------- Identification AU00000088E2 code -------- -------------------------------- --------------------------------------- b) Nature of the Exercise of Options Transaction -------- -------------------------------- --------------------------------------- c) Price(s) and Number of Options Price volume(s) Exercised -------- -------------------------------- 3,500,000 $0.015 ----------------------------------------- 825,000 $0.02 ----------------------------------------- --------------------------- ---------- d) Aggregated information 4,325,000 options exercised Aggregated volume at an aggregate value of $69,000 Price -------- -------------------------------- --------------------------------------- e) Date of the transaction 6 February 2018 -------- -------------------------------- --------------------------------------- f) Place of the London Stock Exchange, AIM (LON:88E) transaction -------- -------------------------------- --------------------------------------- 4.(ii) 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 the Financial instrument, type of instrument -------- -------------------------------- --------------------------------------- Identification AU00000088E2 code ----------------------------------------- --------------------------------------- b) Nature of the Sale of Options Transaction -------- -------------------------------- --------------------------------------- c) Price(s) and Number of Options Price volume(s) Sold $0.011 2,500,000 -------- -------------------------------- d) Aggregated information 2,500,000 Options sold at an Aggregated volume aggregate value of $27,500 Price -------- -------------------------------- --------------------------------------- e) Date of the transaction 6 February 2018 -------- -------------------------------- --------------------------------------- f) Place of the London Stock Exchange, AIM (LON:88E) transaction -------- -------------------------------- --------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated -------- ----------------------------------------------------------------------------------- a) Name David James Wall -------- ------------------------------------------ --------------------------------------- 2. Reason for the Notification -------- ----------------------------------------------------------------------------------- a) Position/status Director 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 88 Energy Limited -------- ------------------------------------------ --------------------------------------- b) LEI 213800YFW5171TD69V35 -------- ------------------------------------------ --------------------------------------- 4.(i) 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 the Financial instrument, type of instrument -------- ------------------------------------------ --------------------------------------- Identification AU00000088E2 code -------- ------------------------------------------ --------------------------------------- b) Nature of the Exercise of Options Transaction -------- ------------------------------------------ --------------------------------------- c) Price(s) and Number of Options Price volume(s) Exercised -------- ------------------------------------------ 18,500,000 $0.015 -------------------------------------------------- 1,375,000 $0.02 750,000 $0.02 -------------------------------------------------- ------------------------- ------------ d) Aggregated information 20,625,000 options exercised Aggregated volume at an aggregate value of $320,000 Price -------- ------------------------------------------ --------------------------------------- e) Date of the transaction 6 February 2018 -------- ------------------------------------------ --------------------------------------- f) Place of the London Stock Exchange, AIM (LON:88E) transaction -------- ------------------------------------------ --------------------------------------- 4.(ii) 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 the Financial instrument, type of instrument --------- ----------------------------------------- --------------------------------------- Identification AU00000088E2 code -------------------------------------------------- --------------------------------------- b) Nature of the Sale of Options Transaction --------- ----------------------------------------- --------------------------------------- c) Price(s) and Number of Options Price volume(s) Sold $0.011 6,500,000 --------- ----------------------------------------- d) Aggregated information 6,500,000 Options sold at an Aggregated volume aggregate value of $71,500 Price --------- ----------------------------------------- --------------------------------------- e) Date of the transaction 6 February 2018 --------- ----------------------------------------- --------------------------------------- f) Place of the London Stock Exchange, AIM (LON:88E) transaction --------- ----------------------------------------- --------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated ---- --------------------------------------------------------------------------------- a) Name Brent Villamarette ---- -------------------------------- ----------------------------------------------- 2. Reason for the Notification ---- --------------------------------------------------------------------------------- a) Position/status Director 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 88 Energy Limited ---- -------------------------------- ----------------------------------------------- b) LEI 213800YFW5171TD69V35 ---- -------------------------------- ----------------------------------------------- 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 the Financial instrument, type of instrument ---- -------------------------------- ----------------------------------------------- Identification AU00000088E2 code ---- -------------------------------- ----------------------------------------------- b) Nature of the Exercise of Options Transaction ---- -------------------------------- ----------------------------------------------- c) Price(s) and Number of Options Price volume(s) Exercised ---- -------------------------------- 18,500,000 $0.015 ------------------------------------- 1,375,000 $0.02 750,000 $0.02 ------------------------------------- ---------------------------------- ----------- d) Aggregated information 20,625,000 options exercised at an aggregate Aggregated volume value of $320,000 Price ---- -------------------------------- ----------------------------------------------- e) Date of the transaction 6 February 2018 ---- -------------------------------- ----------------------------------------------- f) Place of the London Stock Exchange, AIM (LON:88E) transaction ---- -------------------------------- -----------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBDGDDLBGBGIL
(END) Dow Jones Newswires
February 06, 2018 07:20 ET (12:20 GMT)
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