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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pennpetro Energy Plc | LSE:PPP | London | Ordinary Share | GB00BF2K5076 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -6.06% | 0.775 | 0.75 | 0.80 | 0.825 | 0.775 | 0.825 | 274,744 | 08:34:31 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -319k | -0.0032 | -2.41 | 772.3k |
TIDMPPP
RNS Number : 7801F
Pennpetro Energy PLC
02 November 2018
2 November 2018
Pennpetro Energy Plc
("Pennpetro" or the "Company")
Grant of Options
The Company announces that, as outlined and in line with the prospectus published on 15th December 2017, on 2nd November 2018 it granted options under the Pennpetro Energy Plc Option Share Plan with an exercise price of GBP0.35p per share over, in aggregate, 1,700,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") (the "Options") to Directors Keith Edelman, Phillip Nash, Tom Evans and Olof Rapp, who will each receive 425,000 Options.
As a result of these Options being granted, the interests of the Directors in options over Ordinary Shares is as follows:
Director Options granted Total Options Keith Edelman (Non-executive director and Chairman) 425,000 425,000 Olof Rapp (Senior non-executive director) 425,000 425,000 Tom Evans (Executive director) 425,000 425,000 Phillip Nash (Non-executive director and Chief Financial Officer) 425,000 425,000
The Options shall vest and become exercisable on the 2nd November 2021, being three years from the date of grant of the Options.
The Options are equivalent to 2.4 per cent. of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 70,900,000.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.
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 Keith Graham Edelman 2. Reason for the Notification a) Position/status Non-executive director and Chairman b) Initial notification Initial notification / Amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name PennPetro Energy Plc b) LEI 213800BNN7UN97NVP509 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 Grant of options over the Financial ordinary shares of instrument, type GBP0.01 of instrument Identification ISIN: GB00BF2K5076 code b) Nature of the Grant of options transaction c) Price(s) and volume(s) Price(s) Volume(s) 35p 425,000 d) Aggregated information: N/A * Aggregated volume * Price e) Date of the transaction 2 November 2018 f) Place of the Off market transaction transaction 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Olof Rapp 2. Reason for the Notification a) Position/status Senior non-executive director b) Initial notification Initial notification / Amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name PennPetro Energy Plc b) LEI 213800BNN7UN97NVP509 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 Grant of options over the Financial ordinary shares of instrument, type GBP0.01 of instrument Identification ISIN: GB00BF2K5076 code b) Nature of the Grant of options transaction c) Price(s) and volume(s) Price(s) Volume(s) 35p 425,000 d) Aggregated information: N/A * Aggregated volume * Price e) Date of the transaction 2 November 2018 f) Place of the Off market transaction transaction 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Tom Evans 2. Reason for the Notification a) Position/status Executive director b) Initial notification Initial notification / Amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name PennPetro Energy Plc b) LEI 213800BNN7UN97NVP509 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 Grant of options over the Financial ordinary shares of instrument, type GBP0.01 of instrument Identification ISIN: GB00BF2K5076 code b) Nature of the Grant of options transaction c) Price(s) and volume(s) Price(s) Volume(s) 35p 425,000 d) Aggregated information: N/A * Aggregated volume * Price e) Date of the transaction 2 November 2018 f) Place of the Off market transaction transaction 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Phillip Nash 2. Reason for the Notification a) Position/status Non-executive director and Chief Financial Officer b) Initial notification Initial notification / Amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name PennPetro Energy Plc b) LEI 213800BNN7UN97NVP509 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 Grant of options over the Financial ordinary shares of instrument, type GBP0.01 of instrument Identification ISIN: GB00BF2K5076 code b) Nature of the Grant of options transaction c) Price(s) and volume(s) Price(s) Volume(s) 35p 425,000 d) Aggregated information: N/A * Aggregated volume * Price e) Date of the transaction 2 November 2018 f) Place of the Off market transaction transaction
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries
Pennpetro Energy Plc
88 Whitfield Street
First Floor
London
W1T 4EZ
tme@pennpetroenergy.co.uk
Instinctif +44 (0)20 7457 David Simonson david.simonson@instinctif.com 2020 +44 (0)20 7457 George Yeomans george.yeomans@instinctif.com 2020
NOTES TO EDITORS
Pennpetro Energy is an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA. Shares in the company were admitted to the Official List of the London Stock Exchange by way of a Standard Listing on 21 December 2017.
Further information on the Company can be found at www.pennpetroenergy.co.uk
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
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(END) Dow Jones Newswires
November 02, 2018 03:00 ET (07:00 GMT)
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