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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Andalas Energy And Power Plc | LSE:ADL | London | Ordinary Share | IM00BZ7PNY71 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.19 | 0.21 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMADV
RNS Number : 3831S
Advance Energy PLC
08 July 2020
8 July 2020
Advance Energy plc
("Advance" or the "Company")
Grant of Share Options
Advance Energy plc (AIM: ADV), the upstream oil and gas company focussed on acquiring value accretive non-operated interests in established hydrocarbon projects, announces it has today granted share options ("Options") to subscribe for 25,000,000 new ordinary shares in the Company.
The Options have been granted to recently appointed Chief Financial Officer and Executive Director Stephen West under an unapproved scheme. The Options have an exercise price of 0.3 pence per share, being a 66.7 per cent premium to the closing price immediately prior to the date of grant, with 50% of the Options vesting on the date of grant and the remaining 50% of the Options vesting on 1 February 2021. Vesting of the Options is subject to the option holder providing continuous service during the vesting period and there are no other performance conditions attached to the Options.
Following this grant of the Options, Mr West will be interested in 3,799,101 ordinary shares and 25,000,000 options in the Company.
Enquiries:
Advance Energy plc
Leslie Peterkin (CEO) / Stephen West (CFO) +44 (0)1624 681 250
Buchanan (Public Relations)
Ben Romney / Kelsey Traynor +44 (0)20 7466 5000
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish / James Biddle +44 (0) 20 7628 3396
Novum Securities Limited (Joint Broker)
Colin Rowbury +44 (0)20 7399 9427
Optiva Securities Limited (Joint Broker)
Christian Dennis +44 (0)20 3411 1881 For further information, please visit www.advanceplc.com and @advanceplc on Twitter
To register for Advance's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
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 Stephen West --------------------------- ----------------------------------------- 2 Reason for the notification ---------------------------------------------------------------------- a) Position/status CFO & Executive Director --------------------------- ----------------------------------------- b) Initial notification Initial /Amendment --------------------------- ----------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Advance Energy plc --------------------------- ----------------------------------------- b) LEI 213800TZWOYU7UFZ5V63 --------------------------- ----------------------------------------- 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 Ordinary shares of nil par value financial instrument, type of instrument ISIN: IM00BZ7PNY71 Identification code --------------------------- ----------------------------------------- b) Nature of the transaction Grant of share options --------------------------- ----------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------------------------- ----------------------------- ---------- Exercise price of 0.3 pence per share 25,000,000 -------------------------------------------------------------- ---------- d Aggregated information N/A - single transaction - Aggregated volume - Price --------------------------- ----------------------------------------- e) Date of the transactions 8 July 2020 --------------------------- ----------------------------------------- f) Place of the transactions Outside a trading venue --------------------------- -----------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHUWSBRROUBRRR
(END) Dow Jones Newswires
July 08, 2020 03:46 ET (07:46 GMT)
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