Empyrean Energy PLC Grant of Options and PDMR Notification (3287D)

TIDMEME

RNS Number : 3287D

Empyrean Energy PLC

30 January 2018

This announcement contains inside information

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

30 January 2018

Empyrean Energy PLC

Grant of Options and PDMR Notification

Empyrean Energy plc (EME: AIM) ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that, on 30 January 2018, the board resolved to issue incentive options in respect of 2,500,000 Ordinary Shares of 0.2 pence in the Company (the "Ordinary Shares") to the Company Secretary, Mr Jonathan Whyte (the "Options").

The Options have been granted as part of the Company's strategy to retain and incentivise directors and management of the Company. The Options will not vest to Mr Whyte for a period of 12 months from their issue date and will expire on 30 January 2021.

The exercise price of the Options is GBP0.17 per Ordinary Share, which represents an approximate 40% premium to the volume weighted average price of the Ordinary Shares for the thirty days prior to the date of grant and an approximate 39% premium to the closing price of the Ordinary Shares at the close of business on 29 January 2018.

**ENDS**

For further information:

 
 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] 
  Olivia Vita              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:                        Jonathan Whyte - Keyport 
                                    Investments Pty Ltd 
---  ---------------------------  ---------------------------------- 
 2    Reason for the Notification 
---  --------------------------------------------------------------- 
 a)   Position/Status:             Company Secretary 
---  ---------------------------  ---------------------------------- 
 b)   Initial notification/        Initial Notification 
       Amendment: 
---  ---------------------------  ---------------------------------- 
 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               Options over ordinary shares 
       the financial instrument,    of 0.2p each ("Ordinary Shares") 
       type of instrument:          GB00B09G2351 
       Identification 
       code: 
---  ---------------------------  ---------------------------------- 
 b)   Nature of the transaction:   Grant of 2,500,000 Options 
                                    over Ordinary Shares with 
                                    an expiry date of 30 January 
                                    2021. 
---  ---------------------------  ---------------------------------- 
 c)   Price(s) and Volume(s):       Exercise Price(s)    Volume(s) 
                                    -------------------  ---------- 
                                     GBP0.17              2,500,000 
                                    -------------------  ---------- 
---  ---------------------------  ---------------------------------- 
 d)   Aggregated Information:      N/A (Single transaction) 
       - Aggregated Volume 
       - Price 
---  ---------------------------  ---------------------------------- 
 e)   Date of the Transaction:     30 January 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

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January 30, 2018 05:45 ET (10:45 GMT)