San Leon Energy PLC Director Option Grants (3775T)

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RNS Number : 3775T

San Leon Energy PLC

24 March 2021

24 March 2021

San Leon Energy plc

("San Leon" or the "Company")

Director Option Grants

On 23 March 2021, San Leon granted options over ordinary shares in the Company ("Options") under the Company's Unapproved Company Share Option Plan to the following Directors:

 
 Director            Role                     Number of Options   Exercise price 
 Lisa Mitchell       Chief Financial          1,000,000           45 pence 
                      Officer 
                    -----------------------  ------------------  --------------- 
 Adekolapo Ademola   Non-executive director   1,000,000           45 pence 
                    -----------------------  ------------------  --------------- 
 

The Options vest immediately and can be exercised any time up to and including 22 March 2028. The award to Lisa Mitchell, which forms part of her contractual entitlement in her role as Chief Financial Officer, was previously referred to in the Company's annual report for the year ended 31 December 2019.

The CBI notification in respect of the above, made in accordance with the requirements of the Market Abuse Regulation, is appended below.

Enquiries:

 
 San Leon Energy plc                                     [phone] 
 Oisin Fanning, Chief Executive 
 Allenby Capital Limited 
  (Nominated adviser and joint broker to the Company)    [phone] 
 Nick Naylor 
  Alex Brearley 
 Panmure Gordon & Co 
  (Joint broker to the Company)                          [phone] 
 Nick Lovering 
 Brandon Hill Capital Limited 
  (Joint broker to the Company)                          [phone] 
 Oliver Stansfield 
  Jonathan Evans 
 Tavistock 
  (Financial Public Relations)                           [phone] 
 Nick Elwes 
  Simon Hudson 
 Plunkett Public Relations                               [phone] 
 Sharon Plunkett 
 

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                   Lisa Mitchell 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status        CFO 
     ---------------------  ------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                   San Leon Energy Plc 
     ---------------------  ------------------------------------------------ 
 b)   LEI                    213800KA6RMGIPCDRZ19 
 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            Ordinary shares 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code                   IE00BWVFTP56 
     ---------------------  ------------------------------------------------ 
 b)   Nature of the          Grant of options under the Company's Unapproved 
       transaction            Company Share Option plan 
     ---------------------  ------------------------------------------------ 
 c)   Price(s) and            Price(s)    Volume(s) 
       volume(s)               45 pence    1,000,000 
     ---------------------  ------------------------------------------------ 
 d)   Aggregated             N/a 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------ 
 e)   Date of the            23 March 2021 
       transaction 
     ---------------------  ------------------------------------------------ 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                   Adekolapo Ademola 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status        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                   San Leon Energy Plc 
     ---------------------  ------------------------------------------------ 
 b)   LEI                    213800KA6RMGIPCDRZ19 
 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            Ordinary shares 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code                   IE00BWVFTP56 
     ---------------------  ------------------------------------------------ 
 b)   Nature of the          Grant of options under the Company's Unapproved 
       transaction            Company Share Option plan 
     ---------------------  ------------------------------------------------ 
 c)   Price(s) and            Price(s)    Volume(s) 
       volume(s)               45 pence    1,000,000 
     ---------------------  ------------------------------------------------ 
 d)   Aggregated             N/a 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------ 
 e)   Date of the            23 March 2021 
       transaction 
     ---------------------  ------------------------------------------------ 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------ 
 

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March 24, 2021 10:10 ET (14:10 GMT)