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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Molecular Energies Plc | LSE:MEN | London | Ordinary Share | GB00BMT80K89 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.00 | 5.00 | 10.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 33.23M | -10.5M | -1.0128 | -0.07 | 725.58k |
From Apr 2019 to Apr 2024
TIDMPPC
RNS Number : 6606I
President Energy PLC
21 June 2017
21 June 2017
PRESIDENT ENERGY PLC
("President" or "the Company")
Award of Options
President announces that it has granted share options to acquire ordinary shares in the Company to the following persons discharging management responsibilities together with other senior management in accordance with the Company's Global Incentive Plan ("GIP").
The options are subject to standard conditions under the GIP including share price performance targets, three year vesting periods and have an exercise price of 6.175p, being the market closing share price of yesterday.
In making this award the remuneration committee has noted that 10,650,667 previously issued options have lapsed or have been cancelled since the Company's last award of options announcement in July 2016.
Hot Features
Premium
Executive No. of Options No. of Total
Awarded Options
------------------------ --------------- -------------
Bruce Martin
Group Chief Financial
Officer 2,000,000 2,000,000
------------------------ --------------- -------------
David Scott Daspit
VP Operations USA 3,000,000 3,000,000
------------------------ --------------- -------------
Senior Management
(Non PDMRs) 5,750,000 5,750,000
------------------------ --------------- -------------
Each of the awarded options have a share price performance condition, for each equal one third tranche, of 9.26p (first tranche), 13.89p (second tranche) and 18.06p (third tranche).
In total, including existing awards and adjustments for lapsed or cancelled option awards, the number of options granted to management to acquire ordinary shares is now 40,775,333 or 4.3% of the Company's issued share capital.
The following disclosures are made in accordance with Article 19.3 of the EU Market Abuse Regulation 596/2014.
Contact:
President Energy PLC Peter Levine, Chairman +44 (0) 207 016 7950 Miles Biggins, COO +44 (0) 207 016 7950 Peel Hunt LLP (Nominated Advisor & Joint Broker) Richard Crichton, Ross Allister +44 (0) 207 418 8900 BMO Capital Markets (Joint Broker) +44 (0) 207 236 Jeremy Low, Tom Rider 1010 Vigo Communications Chris McMahon Patrick d'Ancona +44 (0) 207 830 9700
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 Bruce Martin
--- ------------------------------ ---------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------
a. Position/status Chief Financial Officer - PMDR
--- ------------------------------ ---------------------------------
b. Initial notification Initial Notification
/Amendment
--- ------------------------------ ---------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a. Name President Energy plc
--- ------------------------------ ---------------------------------
b. LEI 213800MA2ZN22I4ITA79
--- ------------------------------ ---------------------------------
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 1p each
of the ISIN: GB00B3DDP128
Financial
instrument,
type
of instrument
Identification
code
--- ------------------------------ ---------------------------------
b. Nature of Share options in accordance with
the transaction the Company's Global Incentive
Plan.
--- ------------------------------ ---------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ------------ ----------
GBP0.06175 2,000,000
------------ ----------
--- ------------------------------ ---------------------------------
d. Aggregated
information Price(s) Volume(s)
* Aggregated volume ------------ ----------
GBP0.06175 2,000,000
------------ ----------
* Price
--- ------------------------------ ---------------------------------
e. Date of the 20/06/2017
transaction
--- ------------------------------ ---------------------------------
f. Place of Outside a trading venue.
the transaction
--- ------------------------------ ---------------------------------
5. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a. Name David Scott Daspit
--- ------------------------------ ---------------------------------
6. Reason for the notification
--- -----------------------------------------------------------------
a. Position/status VP Operations USA - PMDR
--- ------------------------------ ---------------------------------
b. Initial notification Initial Notification
/Amendment
--- ------------------------------ ---------------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a. Name President Energy Plc
--- ------------------------------ ---------------------------------
b. LEI 213800MA2ZN22I4ITA79
--- ------------------------------ ---------------------------------
8. 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 1p each
of the ISIN: GB00B3DDP128
Financial
instrument,
type
of instrument
Identification
code
--- ------------------------------ ---------------------------------
b. Nature of Share options in accordance with
the transaction the Company's Global Incentive
Plan.
--- ------------------------------ ---------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ------------ ----------
GBP0.06175 3,000,000
------------ ----------
--- ------------------------------ ---------------------------------
d. Aggregated
information Price(s) Volume(s)
* Aggregated volume ------------ ----------
GBP0.06175 3,000,000
------------ ----------
* Price
--- ------------------------------ ---------------------------------
e. Date of the 20/06/2017
transaction
--- ------------------------------ ---------------------------------
f. Place of Outside a trading venue.
the transaction
--- ------------------------------ ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBCGDLGGDBGRG
(END) Dow Jones Newswires
June 21, 2017 02:00 ET (06:00 GMT)
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