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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Prospex Energy Plc | LSE:PXEN | London | Ordinary Share | GB00BMFZVZ53 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.15 | -2.42% | 6.05 | 6.00 | 6.10 | 6.20 | 6.05 | 6.20 | 629,647 | 13:28:16 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 0 | 7.14M | 0.0232 | 2.61 | 18.59M |
From May 2023 to May 2024
TIDMPXEN
RNS Number : 3194H
Prospex Energy PLC
27 July 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
27 July 2023
Prospex Energy PLC
('Prospex' or the 'Company')
Award of Options
Prospex Energy PLC, the AIM quoted investment company focused on European energy projects, has today granted a total of 4,200,000 share options in the Company to directors and other staff (the "Options") following the Company's success in commencing gas production from the Podere Maiar-1 well in Italy announced on 5 July 2023. The new options awarded represent 1.43% of the total issued share capital of the Company on 31 July 2023. The new award results in the total number of options awarded to staff and management of 17,946,364 which represents 6.11% of the total issued share capital on 31 July 2023.
The options have been awarded at 7.0p per share representing an 11.1% premium to 6.3p, the closing price of Prospex shares on 26 July 2023.
The Options vest immediately and are exercisable for a period of five years.
The Options to be issued are set out below:
Hot Features
Premium
Mark Routh 1,200,000
William Smith 300,000
----------
Alasdair Buchanan 300,000
----------
Andrew Hay 900,000
----------
Grant Glanfield 500,000
----------
Other non-PDMR
staff 1,000,000
----------
Total 4,200,000
----------
Options currently held by directors/PDMRs:
Director* Expiry Strike Expiry Strike Expiry Strike Expiry Strike Total
/PDMR 14/04/25 Price 17/3/25 Price 22/09/27 Price 27/02/28 Price
William
Smith* 21,669 75.0p 900,000 5.0p 900,000 8.15p 370,000 12.25p 2,191,669
---------- ------- ---------- ------- ---------- ------- ---------- ------- ----------
Alasdair
Buchanan* - - 900,000 5.0p 900,000 8.15p 370,000 12.25p 2,170,000
---------- ------- ---------- ------- ---------- ------- ---------- ------- ----------
Mark Routh* - - 2,100,000 5.0p 900,000 8.15p 1,233,333 12.25p 4,233,333
---------- ------- ---------- ------- ---------- ------- ---------- ------- ----------
Andrew - - - - - - - - -
Hay*
---------- ------- ---------- ------- ---------- ------- ---------- ------- ----------
Grant Glanfield - - - - 575,556 12.25p 575,556
---------- ------- ---------- ------- ---------- ------- ---------- ------- ----------
Total 21,669 - 3,900,000 - 2,700,000 - 2,548,889 - 9,170,558
---------- ------- ---------- ------- ---------- ------- ---------- ------- ----------
Directors'/PDMRs total Options after this award:
Director*/PDMR Number % of share
capital at
31 July 2023
Mark Routh* 5,433,333 1.85%
----------- --------------
William Smith* 2,491,669 0.85%
----------- --------------
Alasdair Buchanan* 2,470,000 0.84%
----------- --------------
Andrew Hay* 900,000 0.31%
----------- --------------
Grant Glanfield 1,075,556 0.37%
----------- --------------
Total Directors/PDMRs 12,370,558 4.21%
----------- --------------
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
* *S * *
For further information visit www.prospex.energy or contact the following:
Mark Routh Prospex Energy Tel: +44 (0) 20 7236
PLC 1177
Ritchie Balmer Strand Hanson Tel: +44 (0) 20 7409
Rory Murphy Limited 3494
------------------ --------------------
Jerry Keen Fox-Davies Tel: +44 (0) 20 3884
Capital Limited 7447
------------------ --------------------
Andrew Monk (Corporate Broking) VSA Capital Tel: +44 (0) 20 3005
Andrew Raca/Alex Cabral (Corporate Limited 5000
Finance)
------------------ --------------------
Ana Ribeiro / Susie Geliher St Brides Partners Tel: +44 (0) 20 7236
Limited 1177
------------------ --------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name William Smith
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 300,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 26 July 2023
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alasdair Buchanan
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 300,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 26 July 2023
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Routh
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 1,200,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 26 July 2023
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Hay
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 900,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 26 July 2023
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Grant Glanfield
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Group Head of Finance
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
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 Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Issue of options to acquire Ordinary
Shares over the next 5 years
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.0 pence 500,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 26 July 2023
-------------------------------- -------------------------------------
f) Place of the transaction AIM
-------------------------------- -------------------------------------
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END
DSHFLFSRDFIRFIV
(END) Dow Jones Newswires
July 27, 2023 02:00 ET (06:00 GMT)
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