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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prospex Oil And Gas Plc | LSE:PXOG | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.525 | 1.30 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPXOG
RNS Number : 5636O
Prospex Oil and Gas PLC
01 June 2020
Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas
1 June 2020
Prospex Oil and Gas Plc
("Prospex" or the "Company")
Award of Share Options
Prospex Oil and Gas Plc, the AIM quoted investment company, announces that it has today awarded a total of 142,626,506 options over new Ordinary Shares in the Company to members of the Board and other staff (the 'Options'). The Options awarded represent 6.44% of the currently issued share capital of the Company.
The Options have been awarded with a strike price of 0.16p per ordinary share, being a 33% premium to the price at which the Company completed its recent Placing as announced on 30 January 2020 and a 33% premium to the mid-market closing share price of the Company's Ordinary Shares on 29 May 2020. The Options will vest immediately and are exercisable for a period of 3 years.
The Options issued are set out below:
Number of Options awarded Total shares options now held over share capital of Company Edward Dawson 33,029,296 49,969,569 -------------------------- --------------------- Richard Mays 20,267,977 30,663,145 -------------------------- --------------------- James Smith 20,267,977 30,663,145 -------------------------- --------------------- William Smith 20,267,977 30,663,145 -------------------------- --------------------- Other staff / personnel (non-PDMR) 48,793,278 68,043,588 -------------------------- --------------------- Total 142,626,506 210,002,593 -------------------------- ---------------------
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
* *S * *
For further information visit www.prospexoilandgas.com or contact the following:
Edward Dawson Prospex Oil and Gas Plc Tel: +44 (0) 20 3948 1619 Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 Ritchie Balmer 3494 Jack Botros Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399 Jon Belliss 9427 Duncan Vasey Peterhouse Corporate Finance Tel: +44 (0) 20 7469 0932 Frank Buhagiar St Brides Partners Ltd Tel: +44 (0) 20 7236 Cosima Akerman 1177
Notes
Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's management is looking to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects.
PDMR Notifications
1. Details of the person discharging managerial responsibilities / person closely associated a) Name Edward Dawson -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director of the Company -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Oil and Gas 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 share capital of the Prospex Oil & instrument Gas plc -------------------------------- ------------------------------------- Identification code GB00BW4NPC58 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over the next 3 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 0.16p pence 33,029,296 ----------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 1 June 2020 -------------------------------- ------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated ----------------------------------------------------------------------- a) Name Richard Mays -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director of the Company -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Oil and Gas 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 Oil & Gas plc -------------------------------- ------------------------------------- Identification code GB00BW4NPC58 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over the next 3 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 0.16p 20,267,977 ----------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 1 June 2020 -------------------------------- ------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name James Smith -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director of the Company -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Oil and Gas 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 Oil & Gas plc -------------------------------- ------------------------------------- Identification code GB00BW4NPC58 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over next 3 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 0.16p 20,267,977 ----------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 1 June 2020 -------------------------------- ------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------- ------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name William Smith -------------------------------- ------------------------------------- 2. Reason for the Notification ----------------------------------------------------------------------- a) Position/status Director of the Company -------------------------------- ------------------------------------- b) Initial notification/amendment Initial notification -------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Prospex Oil and Gas 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 Oil & Gas plc -------------------------------- ------------------------------------- Identification code GB00BW4NPC58 -------------------------------- ------------------------------------- b) Nature of the Transaction Issue of options to acquire Ordinary Shares over next 3 years -------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 0.16p 20,267,977 ----------- -------------------------------- ------------------------------------- d) Aggregated information N/A (Single transaction) Aggregated volume Price -------------------------------- ------------------------------------- e) Date of the transaction 1 June 2020 -------------------------------- ------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------- -------------------------------------
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
June 01, 2020 07:46 ET (11:46 GMT)
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