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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Beacon Energy Plc | LSE:BCE | London | Ordinary Share | IM00BKSCP798 | 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% | 0.0575 | 0.055 | 0.06 | 0.0575 | 0.0575 | 0.0575 | 8,676,227 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -1.05M | -0.0001 | -6.00 | 6.3M |
TIDMBCE
RNS Number : 8830Q
Beacon Energy PLC
23 October 2023
23 October 2023
Beacon Energy plc
("Beacon Energy" or the "Company")
Award of Share Options
Director / PDMR Shareholding
Beacon Energy plc (AIM:BCE), the full-cycle oil and gas company with a portfolio of onshore German assets, announces that it has granted options over, in aggregate, 503,565,644 ordinary shares of nil pence each in the capital of the Company ("Ordinary Shares") to its directors and employees (the "Options"). The Options are exercisable at a price of 0.15 pence per Ordinary Share, being the Issue Price at the Company's recent Fundraise as announced on 15 September 2023.
In addition, the Company has reached agreement with certain Directors to cancel 33,360,000 "out of the money" options for no consideration.
Issue of Options to Directors
The following Options have been granted to Company's Directors:
Name Position Number of Exercise Total Options New Options Price Per Held Following Granted Ordinary This Grant Share (pence) Mark Rollins Chairman 37,566,588 0.15 155,335,064 Larry Bottomley Chief Executive Officer 100,177,569 0.15 492,829,705 Stewart MacDonald Chief Financial Officer 91,661,457 0.15 269,622,711 Stephen Whyte Non-Executive Director 18,783,294 0.15 74,863,520 Ross Warner Non-Executive Director 18,783,294 0.15 74,863,520
The Options set out in the table above vest in two equal tranches, being six months and one year from the date of grant, and are exercisable for up to five years from their date of grant.
Issue of Options to Senior Management and Employees
A further 236,593,442 Options have been granted to certain other members of senior management and employees at the same exercise price of 0.15 pence per Ordinary Share, on the same terms as those set out above.
Related Party Transaction
The Option awards to directors represent a related party transaction under the AIM Rules for Companies. The director who is independent of the transaction, being Leo Koot, having consulted with the Company's nominated adviser, Strand Hanson, considers that the terms of the Option award are fair and reasonable insofar as shareholders are concerned.
Enquiries:
Beacon Energy plc Larry Bottomley (CEO) / Stewart MacDonald (CFO) +44 (0)20 7466 5000 Strand Hanson Limited (Financial and Nominated Adviser) Rory Murphy / James Bellman +44 (0)20 7409 3494 Buchanan (Public Relations) Ben Romney / Barry Archer / George Pope +44 (0)20 7466 5000 Tennyson Securities Limited (Broker) Peter Krens / Ed Haig-Thomas +44 (0)20 7186 9030
PDMR Disclosure Form
1. Details of the person discharging managerial responsibilities / person closely associated a. Names 1. Mark Rollins 2. Larry Bottomley 3. Stewart MacDonald 4. Stephen Whyte 5. Ross Warner 2. Reason for the notification a. Position/status 6. Chairman 7. CEO 8. CFO 9. NED 10. NED b. Initial notification/Amendment Initial Notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a. Name Beacon 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 Financial Ordinary Shares of no par instrument, type of instrument value Identification code M00BKSCP798 b. Nature of the transaction Option Awards c. Price(s) and volume(s) Price/share Volume (s) No consideration 37,566,588 No consideration 100,177,569 No consideration 91,661,457 No consideration 18,783,294 No consideration 18,783,294 d. Aggregated information - Aggregated volume N/A - Price e. Date of the transactions 23 October 2023 f. Place of the transactions AIM, London Stock Exchange
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(END) Dow Jones Newswires
October 23, 2023 02:04 ET (06:04 GMT)
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