Empyrean Energy PLC Grant of Options and PDMR Notification (8197M)

TIDMEME

RNS Number : 8197M

Empyrean Energy PLC

18 September 2019

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

18 September 2019

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 17 September 2019, 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, or his nominee (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 September 2022.

The exercise price of the Options is GBP0.125 per Ordinary Share, which represents an approximate 34% premium to the volume weighted average price of the Ordinary Shares for the thirty days prior to the date of grant.

**ENDS**

For further information:

 
 Empyrean Energy plc 
 Tom Kelly                Tel: [phone] 
 
 Cenkos Securities plc 
 Neil McDonald            Tel: [phone] 
 Pete Lynch               Tel: [phone] 
 
 St Brides Partners Ltd 
 Priit Piip               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:                          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 the financial   Options over ordinary shares of 0.2p 
       instrument, type of            each ("Ordinary Shares") 
       instrument:                    GB00B09G2351 
       Identification code: 
     -----------------------------  -------------------------------------------- 
 b)   Nature of the transaction:     Grant of 2,500,000 Options over Ordinary 
                                      Shares with an expiry date of 30 September 
                                      2022. 
     -----------------------------  -------------------------------------------- 
 c)   Price(s) and Volume(s):         Exercise Price(s)    Volume(s) 
                                       GBP0.125             2,500,000 
                                                           ---------- 
     -----------------------------  -------------------------------------------- 
 d)   Aggregated Information:        N/A (Single transaction) 
       - Aggregated Volume 
       - Price 
     -----------------------------  -------------------------------------------- 
 e)   Date of the Transaction:       17 September 2019 
     -----------------------------  -------------------------------------------- 
 f)   Place of the Transaction:      London Stock Exchange, AIM (LON:EME) 
     -----------------------------  -------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

END

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September 18, 2019 06:28 ET (10:28 GMT)