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IGAS Igas Energy Plc

14.89
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Igas Energy Plc LSE:IGAS London Ordinary Share GB00BZ042C28 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.89 14.80 14.98 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Star Energy Group PLC Additional Listing Director/PDMR Shareholding (4729R)

27/10/2023 7:00am

UK Regulatory


Igas Energy (LSE:IGAS)
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TIDMSTAR

RNS Number : 4729R

Star Energy Group PLC

27 October 2023

27 October 2023

Star Energy Group plc ("Star Energy" or the "Company")

Additional Listing Director/PDMR Shareholding

The Company announces that an application has been made to the London Stock Exchange for a total of 252,785 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of London Stock Exchange ("AIM") under the Star Energy Group plc Share Incentive Plan ("SIP"). Subject to admission, the SIP Shares will be held by Equiniti Share Plan Trustees Limited (the "SIP Trustees").

The number of shares to be issued under the SIP has been calculated with reference to the mid-market closing price of 11.50p on 20 October 2023, in accordance with the rules of the SIP . The SIP Shares shall rank equally with the existing issued shares of the Company. It is expected that admission to AIM will become effective on or around 1 November 2023.

Details of the subscription and allocation under the SIP by Persons Discharging Managerial Responsibility ("PDMR") for the quarter are set out below.

 
 PDMR       Share subscription   Matching      Resulting Voting   Total Resulting 
             under the SIP        Allocation    Rights             Voting Rights 
                                                                   (%) 
 Frances 
  Ward      3,913                7,826         11,739             0.09% 
           -------------------  ------------  -----------------  ---------------- 
 

The issued share capital of the Company following the above detailed issue of shares will be 128,345,189 Ordinary Shares; the number of deferred shares remains 303,305,534. The total number of voting rights in Star Energy will be 128,345,189 Ordinary Shares , which should 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 Star Energy under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Further details on the SIP are set out in the appendix to this announcement.

The information set out below is provided in accordance with the requirements of the UK Market Abuse Regulation:

 
1.  Details of PDMR / person closely associated 
    ============================================================================== 
a)  Name                                         (i) Frances Ward 
    =========================  =================================================== 
2.  Reason for the notification 
    ============================================================================== 
a)  Position /                                   (i) Chief Financial Officer 
     status 
    =========================  =================================================== 
b)  Initial notification       Initial notification 
     /amendment 
    =========================  =================================================== 
3.  Details of the issuer 
    ============================================================================== 
a)  Name                       Star Energy Group plc 
    =========================  =================================================== 
b)  LEI                        213800S8WP2L294NR559 
    =========================  =================================================== 
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                Ordinary Shares of 0.002p each 
     of the financial 
     instrument 
    =========================  =================================================== 
b)  Identification             ISIN for Star Energy Group plc: GB00BZ042C28 
     code of the 
     Financial 
     Instrument 
    =========================  =================================================== 
c)  Nature of                  Acquisition of Ordinary Shares in Star Energy Group 
     the transaction            plc under SIP by the SIP Trustees pursuant to the 
                                SIP 
    =========================  =================================================== 
d)  Price(s) and                Price               Volume 
     volume(s)                        (i) GBP0.115        (i) 11,739 
                                                    ---------------- 
    =========================  =================================================== 
e)   Aggregated                N/A 
      information 
       *    Aggregated volume 
 
 
       *    Price 
    =========================  =================================================== 
f)         Date of the         24 October 2023 
           transaction 
    =========================  =================================================== 
g)        Place of the         London Stock Exchange, AIM 
           transaction 
    =========================  =================================================== 
 

ENQUIRIES

For further information please contact:

   Star Energy Group plc      Tel: +44 (0)20 7993 9899 

Chris Hopkinson, Chief Executive Officer

Ann-marie Wilkinson, Chief of Staff.

Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970

Virginia Bull/Chris Sim/Charles Craven

   Canaccord Genuity (Joint Corporate Broker)      Tel: +44 (0)20 7523 8000 

Henry Fitzgerald-O'Connor/James Asensio

   Vigo Consulting   Tel: +44 (0)20 7390 0230 

Patrick d'Ancona/Finlay Thomson/Kendall Hill

APPENDIX

About the Star Energy SIP

In 2013, the Company adopted an Inland Revenue approved Share Investment Plan for all employees of the Group. The scheme is a tax efficient incentive plan pursuant to which all Company employees are eligible to subscribe for up to GBP150 (or 10% of salary, if less) worth of Star Energy ordinary shares per month. On a three-monthly basis, the Company matches employees' monthly subscriptions on a 1-to-1 basis and, subject to the Company having met pre-defined quarterly production targets, will increase the matching element for that quarter to 2-to-1. To receive their allocation of matching shares, employees must ordinarily remain employed by the Company for a period of 3 years. Shares issued under the SIP are held by the SIP Trustees.

Under the SIP, during the vesting period the recipient retains the voting rights and dividend rights associated with the matching allocation shares however, is unable to sell the shares until the vesting criteria have been fulfilled. The matching allocation shares will be issued to the Company's Employee Benefit Trust and held until vesting conditions have been met. The participant retains the full rights over any subscription shares.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFEEEEMEDSEES

(END) Dow Jones Newswires

October 27, 2023 02:00 ET (06:00 GMT)

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