We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
I3 Energy Plc | LSE:I3E | London | Ordinary Share | GB00BDHXPJ60 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -0.90% | 11.00 | 10.90 | 10.96 | 11.14 | 10.62 | 10.98 | 4,987,735 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 208.44M | 41.95M | 0.0349 | 3.14 | 131.73M |
TIDMI3E
RNS Number : 8669S
i3 Energy PLC
08 November 2019
i3 Energy plc
("i3" or the "Company")
Issue of Share Options
i3 Energy plc announces that it has issued options over a total of 2,142,859 ordinary shares ("Options"), granted conditionally upon the completion of the Placing announced earlier today, to directors and key management in accordance with the rules of the Company's Share Option Plan. The exercise price of the Options will be GBP0.35 per share, the issue price of today's Placing Shares.
The number of Options issued to directors are as follows:
Options issued Richard Ames 23,058 --------------- Linda Beal 23,058 --------------- Neill Carson 23,058 --------------- Graham Heath 243,755 --------------- David Knox 150,000 --------------- Majid Shafiq 296,458 ---------------
The Options hold the following vesting conditions:
-- One-third upon a successful well result at the A2 well proving commercial hydrocarbons; -- One-third upon securing funding for the Liberator Phase I or Serenity development; and
-- One-third on increasing gross reserves to 50 million barrels or achieving first oil from the Company's licences.
Regardless of the above, 100% of the options will vest at first oil from the Company's licences or if there is a change of control of the Company.
Immediately following this announcement, the Company has in issue 93,433,685 Ordinary Shares of GBP0.0001 each, 5,000 deferred shares of GBP10.00 each, 2,875,244 share options with an exercise price of GBP0.55 each, 2,737,828 options with an exercise price of GBP0.635 each, 6,020,000 options with an exercise price of GBP0.395, and 2,142,859 conditional Options with an exercise price of GBP0.35 each.
SCONTACT DETAILS:
i3 Energy plc Majid Shafiq (CEO) / Graham Heath c/o Camarco (CFO) Tel: +44 (0) 203 781 8331 WH Ireland Limited (Nomad and Joint Broker) James Joyce, James Sinclair-Ford Tel: +44 (0) 207 220 1666 GMP FirstEnergy (Joint Broker) Jonathan Wright Tel: +44 (0) 207 448 0200 Canaccord Genuity Limited (Joint Tel: +44 (0) 207 523 8000 Broker) Henry Fitzgerald- O'Connor, James Asensio Camarco Jennifer Renwick, James Crothers Tel: +44 (0) 203 781 8331 Notes to Editors: i3 is an oil and gas development company initially focused on the North Sea. The Company's core asset is the Greater Liberator Area, located in Blocks 13/23d and 13/23c, to which i3's independent reserves auditor attributes 11 MMBO of 2P Reserves, 22 MMBO of 2C Contingent Resources and 47 MMBO of mid-case Prospective Resources. The Greater Liberator Area consists of the Liberator oil field discovered by well 13/23d-8 and the Liberator West extension. The Greater Liberator Area, along with the Company's Serenity Prospect located in the northern half of Block 13/23c and for which it carries a STOIIP of 197 MMbbls, are owned and operated on a 100% working interest basis. The Company's strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production. The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014. 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 Maid Shafiq ----------------------------------------------------------------------- ------------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------------------------- a) Position/status CEO ----------------------------------------------------------------------- ------------------------------- b) Initial notification/ Initial Amendment ----------------------------------------------------------------------- ------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------------------------------- a) Name i3 Energy PLC ----------------------------------------------------------------------- ------------------------------- b) LEI 213800949OZA9QA9FS17 ----------------------------------------------------------------------- ------------------------------- 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 Options over ordinary shares financial instrument, type of instrument Identification code ----------------------------------------------------------------------- ------------------------------- b) Nature of the transaction Share Option Plan ----------------------------------------------------------------------- ------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) GBP0.35 296,458 ---------- ----------------------------------------------------------------------- ------------------------------- d) Aggregated information * Aggregated volume 296,458 GBP0.35 * Price ----------------------------------------------------------------------- ------------------------------- e) Date of the transaction 08/11/2019 ----------------------------------------------------------------------- ------------------------------- f) Place of the transaction Off market ----------------------------------------------------------------------- ------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Graham Heath --------------------------------- ------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status CFO --------------------------------- ------------------------------------ b) Initial notification/ Initial Amendment --------------------------------- ------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name i3 Energy PLC --------------------------------- ------------------------------------ b) LEI 213800949OZA9QA9FS17 --------------------------------- ------------------------------------ 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 Options over ordinary shares financial instrument, type of instrument Identification code --------------------------------- ------------------------------------ b) Nature of the transaction Share Option Plan --------------------------------- ------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) GBP0.35 243,755 ---------- --------------------------------- ------------------------------------ d) Aggregated information * Aggregated volume 243,755 GBP0.35 * Price --------------------------------- ------------------------------------ e) Date of the transaction 08/11/2019 --------------------------------- ------------------------------------
f) Place of the transaction Off market --------------------------------- ------------------------------------ 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Richard Ames --------------------------------- ------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status Non-Executive Director --------------------------------- ------------------------------------ b) Initial notification/ Initial Amendment --------------------------------- ------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name i3 Energy PLC --------------------------------- ------------------------------------ b) LEI 213800949OZA9QA9FS17 --------------------------------- ------------------------------------ 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 Options over ordinary shares financial instrument, type of instrument Identification code --------------------------------- ------------------------------------ b) Nature of the transaction Share Option Plan --------------------------------- ------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) GBP0.35 23,058 ---------- --------------------------------- ------------------------------------ d) Aggregated information * Aggregated volume 23,058 GBP0.35 * Price --------------------------------- ------------------------------------ e) Date of the transaction 08/11/2019 --------------------------------- ------------------------------------ f) Place of the transaction Off market --------------------------------- ------------------------------------ 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Neill Carson --------------------------------- ------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status Non-Executive Director --------------------------------- ------------------------------------ b) Initial notification/ Initial Amendment --------------------------------- ------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name i3 Energy PLC --------------------------------- ------------------------------------ b) LEI 213800949OZA9QA9FS17 --------------------------------- ------------------------------------ 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 Options over ordinary shares financial instrument, type of instrument Identification code --------------------------------- ------------------------------------ b) Nature of the transaction Share Option Plan --------------------------------- ------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) GBP0.35 23,058 ---------- --------------------------------- ------------------------------------ d) Aggregated information * Aggregated volume 23,058 GBP0.35 * Price --------------------------------- ------------------------------------ e) Date of the transaction 08/11/2019 --------------------------------- ------------------------------------ f) Place of the transaction Off market --------------------------------- ------------------------------------ 1 Details of the person discharging managerial responsibilities/person closely associated a) Name David Knox --------------------------------- ------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status Non-Executive Chairman --------------------------------- ------------------------------------ b) Initial notification/ Initial Amendment --------------------------------- ------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name i3 Energy PLC --------------------------------- ------------------------------------ b) LEI 213800949OZA9QA9FS17 --------------------------------- ------------------------------------ 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 Options over ordinary shares financial instrument, type of instrument Identification code --------------------------------- ------------------------------------ b) Nature of the transaction Share Option Plan --------------------------------- ------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) GBP0.35 150,000 ---------- --------------------------------- ------------------------------------ d) Aggregated information * Aggregated volume 150,000 GBP0.35 * Price --------------------------------- ------------------------------------ e) Date of the transaction 08/11/2019 --------------------------------- ------------------------------------ f) Place of the transaction Off market --------------------------------- ------------------------------------ 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Linda Beal --------------------------------- ------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status Non-Executive Director --------------------------------- ------------------------------------ b) Initial notification/ Initial Amendment --------------------------------- ------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name i3 Energy PLC --------------------------------- ------------------------------------ b) LEI 213800949OZA9QA9FS17 --------------------------------- ------------------------------------ 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 Options over ordinary shares financial instrument, type of instrument Identification code --------------------------------- ------------------------------------ b) Nature of the transaction Share Option Plan --------------------------------- ------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) GBP0.35 23,058 ---------- --------------------------------- ------------------------------------ d) Aggregated information * Aggregated volume 23,058 GBP0.35 * Price
--------------------------------- ------------------------------------ e) Date of the transaction 08/11/2019 --------------------------------- ------------------------------------ f) Place of the transaction Off market --------------------------------- ------------------------------------
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
MSCQVLFBKFFZFBB
(END) Dow Jones Newswires
November 08, 2019 11:42 ET (16:42 GMT)
1 Year I3 Energy Chart |
1 Month I3 Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions