Jadestone Energy Inc. Director/PDMR Shareholding (4369H)

TIDMJSE

RNS Number : 4369H

Jadestone Energy Inc.

24 March 2020

Jadestone Energy Inc.

Director Share Dealings

March 24, 2020-Singapore: Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, announces Director Share Dealings.

On March 20, 2020, Paul Blakeley, Executive Director, President, and Chief Executive Officer of Jadestone, acquired a total of 100,000 common shares of no par value at a price of GBp35.0 per share, for a total cost of GBP35,000.00. Following the transaction, Mr. Blakeley holds a total of 2,732,798 common shares, which represents 0.59% of the Company's issued share capital.

Also on March 20, 2020, Cedric Fontenit, a Non-executive Director of Jadestone, acquired a total of 200,000 common shares of no par value at a price of GBp 32.9429 per share, for a total cost of GBP65,885.80. Following the transaction, Mr. Fontenit holds a total of 200,000 common shares, which represents 0.04% of the Company's issued share capital.

In addition, as previously announced, Mr. Fontenit holds an indirect beneficial interest in the Company through an interest in 443.5565 units of a fund managed by Tyrus Capital S.A.M. ("Fund") holding an interest in the common shares of Jadestone Energy Inc. Mr. Fontenit does not exercise control over the Fund's holdings in the Company.

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
  a)   Name:                               Paul Blakeley 
      ----------------------------------  ----------------------------------- 
 2.    Reason for the notification 
      ----------------------------------------------------------------------- 
  a)   Position/status:                    Executive Director, President, 
                                            and CEO 
      ----------------------------------  ----------------------------------- 
  b)   Initial notification/Amendment      Initial notification 
      ----------------------------------  ----------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------- 
  a)   Name                                Jadestone Energy Inc. 
      ----------------------------------  ----------------------------------- 
  b)   LEI:                                254900E4GCXW63X26Q32 
      ----------------------------------  ----------------------------------- 
 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        Common shares of no par value 
        instrument, type of instrument:     in Jadestone Energy Inc. 
 
        Identification code:                ISIN: CA46989Q1000 
      ----------------------------------  ----------------------------------- 
  b)   Nature of the transaction:          Purchase of common shares of no 
                                            par value in Jadestone Energy 
                                            Inc. 
      ----------------------------------  ----------------------------------- 
  c)   Price(s) and volume(s):             GBp 35.0 per share; 100,000 common 
                                            shares 
      ----------------------------------  ----------------------------------- 
  d)        Aggregated information:         100,000 common shares 
              *    Aggregated volume:        GBP35,000.00 
 
 
              *    Price: 
      ----------------------------------  ----------------------------------- 
  e)   Date of the transaction:            March 20, 2020 
      ----------------------------------  ----------------------------------- 
  f)   Place of the transaction            XLON 
      ----------------------------------  ----------------------------------- 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
  a)   Name:                                 Cedric Fontenit 
      ------------------------------------  --------------------------------- 
 2.    Reason for the notification 
      ----------------------------------------------------------------------- 
  a)   Position/status:                      Non-executive Director 
      ------------------------------------  --------------------------------- 
  b)   Initial notification/Amendment        Initial notification 
      ------------------------------------  --------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------- 
  a)   Name                                  Jadestone Energy Inc. 
      ------------------------------------  --------------------------------- 
  b)   LEI:                                  254900E4GCXW63X26Q32 
      ------------------------------------  --------------------------------- 
 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          Common shares of no par value 
        instrument, type of instrument:       in Jadestone Energy Inc. 
 
        Identification code:                  ISIN: CA46989Q1000 
      ------------------------------------  --------------------------------- 
  b)   Nature of the transaction:            Purchase of common shares of no 
                                              par value in Jadestone Energy 
                                              Inc. 
      ------------------------------------  --------------------------------- 
  c)   Price(s) and volume(s):               GBp 32.9429 per share; 200,000 
                                              common shares 
      ------------------------------------  --------------------------------- 
  d)        Aggregated information:           200,000 common shares 
              *    Aggregated volume:          GBP65,885.80 
 
 
              *    Price: 
      ------------------------------------  --------------------------------- 
  e)   Date of the transaction:              March 20, 2020 
      ------------------------------------  --------------------------------- 
  f)   Place of the transaction              XLON 
      ------------------------------------  --------------------------------- 
 

This announcement does not contain inside information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Enquiries

 
 Jadestone Energy Inc.                        [phone] (Singapore) 
 Paul Blakeley, President and CEO             [phone] (Canada) 
 Dan Young, CFO                               [phone] (UK) 
 Robin Martin, Investor Relations Manager     [e-mail] 
 
 Stifel Nicolaus Europe Limited (Nomad,       [phone] (UK) 
  Joint Broker) 
 Callum Stewart 
 Simon Mensley 
 Ashton Clanfield 
 
 BMO Capital Markets Limited (Joint Broker)   [phone] (UK) 
 Thomas Rider 
 Jeremy Low 
 Thomas Hughes 
 
 Camarco (Public Relations Advisor)           + 44 (0) 203 757 4980 (UK) 
 Billy Clegg                                  [e-mail] 
 James Crothers 
 

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March 24, 2020 12:16 ET (16:16 GMT)