Prospex Energy PLC Change of Director's Interest (1741O)

TIDMPXEN

RNS Number : 1741O

Prospex Energy PLC

30 January 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

30 January 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Change of Director's Interest

Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has been advised that connected parties of non-executive director, Richard Mays, (Richard May's SIPP and a family-owned business, of which he is a director) have sold an aggregate total of 1,344,135 ordinary shares at a price of 14.359p per ordinary share to address, inter alia, taxation requirements.

Mr Mays remains interested in 1,400,000 ordinary shares and has interests in convertible loan notes issued by the Company to the value of GBP86,000 plus accrued interest (convertible at GBP0.0425 into ordinary shares). Additionally he has, as yet unexercised, long term incentive stock options to buy 1,821,669 ordinary shares.

As a founder of the company, he remains committed to the long-term growth of the company.

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.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

 
Mark Routh                           Prospex Energy PLC     Tel: +44 (0) 20 
                                                                  7236 1177 
Ritchie Balmer                       Strand Hanson Limited  Tel: +44 (0) 20 
 Rory Murphy                                                      7409 3494 
Andrew Monk (Corporate Broking)      VSA Capital Limited    Tel: +44 (0) 20 
 Andrew Raca/Alex Cabral (Corporate                               3005 5000 
 Finance) 
Colin Rowbury                        Novum Securities       Tel: +44 (0) 20 
 Jon Belliss                          Limited                     7399 9427 
Susie Geliher                        St Brides Partners     Tel: +44 (0) 20 
 Ana Ribeiro                          Limited                     7236 1177 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                               Richard Mays 
                                   ------------------------------------- 
 Reason for the Notification 
 Position/status                    Director 
                                   ------------------------------------- 
 Initial notification/amendment     Initial notification 
                                   ------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                               Prospex Energy Plc 
                                   ------------------------------------- 
 LEI                                213800NY9RH8O1B72D27 
                                   ------------------------------------- 
 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 
 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 
                                   ------------------------------------- 
 Nature of the Transaction          Sale of ordinary shares 
                                   ------------------------------------- 
 Price(s) and volume(s)              Price(s)        Volume(s) 
                                      14.359 pence    1,344,135 
                                                     ---------- 
                                   ------------------------------------- 
 Aggregated information             N/A (Single Transaction) 
  Aggregated volume Price 
                                   ------------------------------------- 
 Date of the transaction            27 January 2023 
                                   ------------------------------------- 
 Place of the transaction           AIM 
                                   ------------------------------------- 
 

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January 30, 2023 02:00 ET (07:00 GMT)