Empyrean Energy PLC Exercise of Options (4276F)

TIDMEME

RNS Number : 4276F

Empyrean Energy PLC

20 February 2018

This announcement contains inside information

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

20 February 2018

Empyrean Energy PLC ('Empyrean' or 'the Company')

Exercise of Options

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, announces that Apnea Holdings Pty Ltd, a company wholly-owned by Empyrean CEO, Tom Kelly, has today exercised options in respect of 15,000,000 new ordinary shares of 0.2p each ("Option Exercise Shares") at an exercise price of 4p per Option Exercise Share, raising GBP600,000 ("the Option Exercise"). Mr Kelly now has an interest in 70,881,563 shares representing 17.1% of the Company's enlarged issued share capital.

Application has been made for the Option Exercise Shares to be admitted to trading on AIM. Admission is expected to take place on 26 February 2018. The Option Exercise Shares will rank pari passu with existing ordinary shares.

Following the Option Exercise, the Company's enlarged issued share capital will comprise 413,995,110 ordinary shares, each with voting rights. This figure 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, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

**ENDS**

Empyrean Energy plc

Tom Kelly Tel: [phone]

Cenkos Securities plc

Neil McDonald Tel: [phone]

Beth McKiernan Tel: [phone]

St Brides Partners Ltd

Lottie Wadham Tel: [phone]

Frank Buhagiar Tel: [phone]

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                              Tom Kelly 
----  --------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
----  ----------------------------------------------------------------------------- 
 a)    Position/status                   Chief Executive Officer 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                              Empyrean Energy plc 
----  --------------------------------  ------------------------------------------- 
 b)    LEI                               213800ZRH1WBHEWDFA57 
----  --------------------------------  ------------------------------------------- 
 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 of 0.2p each ("Ordinary 
        the Financial                     Shares") 
        instrument, type 
        of instrument 
----  --------------------------------  ------------------------------------------- 
       Identification                    GB00B09G2351 
        code 
----  --------------------------------  ------------------------------------------- 
 b)    Nature of the                     Exercise of options 
        Transaction 
----  --------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)            Price                      Volume 
----  -------------------------------- 
   4p per Ordinary 
    Share                                                           15,000,000 
  --------------------------------------------------------------  ----------------- 
 d)    Aggregated information            N/A (Single transaction) 
        Aggregated volume 
        Price 
----  --------------------------------  ------------------------------------------- 
 e)    Date of the transaction           20 February 2018 
----  --------------------------------  ------------------------------------------- 
 f)    Place of the transaction          London Stock Exchange, AIM (LON:EME) 
----  --------------------------------  ------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGUGCPUPRGCU

(END) Dow Jones Newswires

February 20, 2018 09:45 ET (14:45 GMT)