PROVIDENCE RES. Providence Resources P.L.C. - Grant Of Share Options

 
TIDMPVR 
 
 
   Providence Resources P.l.c. 
 
   Grant of Share Options 
 
   Dublin and London -- January 13, 2020 - Providence Resources P.l.c. 
("Providence" or the "Company"), the Irish based energy company, 
announces that the Board has agreed to award a total of 15,000,000 
options over ordinary shares of EUR0.001 in the Company (the "Options") 
to Alan Linn, the newly-appointed Chief Executive Officer of the 
Company. The Options will be issued under the Providence Resources 
P.l.c. Employee Share Option Plan 2020 which is being established, and 
the award is therefore conditional on the approval of Shareholders at a 
forthcoming Extraordinary General Meeting of the Company to be convened. 
 
   The Options will vest in three equal tranches on each of the first, 
second and third anniversary of the grant date with an exercise price of 
four (4) pence per share. 
 
   For further information please contact: 
 
 
 
 
ENQUIRIES 
--------------------------- 
Providence Resources P.l.c.  Tel: [phone] 
Pat Plunkett, Chairman 
Alan Linn, CEO 
 
Cenkos Securities plc        Tel: [phone] 
Neil McDonald/Derrick Lee 
 
J&E Davy                     Tel: [phone] 
Anthony Farrell 
 
Mirabaud Securities Limited  Tel: + 44 20 3167 7221 
Peter Krens 
 
MEDIA ENQUIRIES 
--------------------------- 
Murray Consultants           Tel: [phone] 
Pauline McAlester 
 
   ABOUT PROVIDENCE RESOURCES PLC 
 
   Providence Resources is an Irish based Energy Company with a portfolio 
of appraisal and exploration assets located offshore Ireland. 
Providence's shares are quoted on the AIM in London and the Euronext 
Growth Market in Dublin. Further information on Providence can be found 
on www.providenceresources.com 
 
   FORWARD-LOOKING STATEMENTS 
 
   This announcement contains certain forward-looking statements. Actual 
results may differ materially from those projected or implied in such 
forward-looking statements. Such forward-looking information involves 
risks and uncertainties that could significantly affect expected 
results. No representation is made that any of those statements or 
forecasts will come to pass or that any forecast results will be 
achieved. You are cautioned not to place any reliance on such statements 
or forecasts. Those forward-looking and other statements speak only as 
at the date of this announcement. Providence Resources Plc undertakes no 
obligation to update any forward-looking statements. 
 
 
 
 
 
 
 
 
       Details of the person discharging managerial responsibilities 
  1.    / person closely associated 
-----  ------------------------------------------------------------------------------ 
a)     Name                               Alan Scott Linn 
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  1.   Reason for the Notification 
-----  ------------------------------------------------------------------------------ 
a)     Position/status                    Chief Executive Officer 
-----  ---------------------------------  ------------------------------------------- 
b)     Initial notification/amendment     Initial notification 
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       Details of the issuer, emission allowance market participant, 
  1.    auction platform, auctioneer or auction monitor 
-----  ------------------------------------------------------------------------------ 
a)     Name                               Providence Resources P.l.c. 
-----  ---------------------------------  ------------------------------------------- 
b)     LEI                                635400DSMSR5LZVGDI48 
-----  ---------------------------------  ------------------------------------------- 
       Details of the transaction(s): section to be repeated for (i) 
        each type of instrument; (ii) each type of transaction; (iii) 
  1.    each date; and (iv) each place where transactions have been conducted 
-----  ------------------------------------------------------------------------------ 
       Description of the Financial       Award of options over Ordinary shares of 
a)      instrument, type of instrument     EUR0.001 each. 
-----  ---------------------------------  ------------------------------------------- 
       Identification code                IE00B66B5T26 
-----  ---------------------------------  ------------------------------------------- 
b)     Nature of the Transaction          Award of Share Options 
-----  ---------------------------------  ------------------------------------------- 
c)     Price(s) and volume(s)             Price(s)                 Volume(s) 
-----  ---------------------------------  ---------------  -------------------------- 
  4 pence                                                                  15,000,000 
  -------------------------------------------------------  -------------------------- 
d)     Aggregated information             n/a 
        Aggregated volume Price 
-----  ---------------------------------  ------------------------------------------- 
e)     Date of the transaction            10 January 2020 
-----  ---------------------------------  ------------------------------------------- 
f)     Place of the transaction           London Stock Exchange, AIM (LON:PVR) 
-----  ---------------------------------  ------------------------------------------- 
 
 
 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 13, 2020 02:00 ET (07:00 GMT)

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