Synergia Energy Ltd Issue of Options (1834V)

TIDMSYN

RNS Number : 1834V

Synergia Energy Ltd

04 April 2023

RNS Announcement

4 April 2023

AIM: SYN

Issue of Options

Synergia Energy Ltd (Synergia Energy or the Company) advises that it has issued unlisted nil-cost options over 70,043,152 shares in the Company as a non-cash settlement of amounts due to the Company's three executive directors and the Head of India Assets (individually a Participant and collectively the Participants) in accordance with the Company's short-term incentive plan and recommendations by the Company's Remuneration Committee for the twelve-month period ended 31 December 2022.

The number of nil-cost options allocated to each Participant represents the monetary amount of the Participant's short-term incentive award, as calculated by the Remuneration Committee, divided by 0.11 pence, being the average closing share price for the week comprising the working days 20 March 2023 to 24 March 2023 inclusive.

The allocation is as follows:

 
                                                 Nil-cost options 
 Participant      Position         STIP award     awarded 
 
  Joe Salomon     Exec Chairman     GBP9,147        8,315,217 
 Roland Wessel         CEO          GBP30,000       27,272,727 
                   Head - India 
  Ashish Khare        Assets        GBP17,881       16,255,208 
   Colin Judd          CFO          GBP20,020       18,200,000 
                 ---------------  ------------  ----------------- 
                                                    70,043,152 
 

The nil-cost options are exercisable by the Participants on or before 1 April 2028.

PDMR Dealing Notification

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                                  1. Joe Salomon 
 
 
                                             2. Roland Wessel 
 
 
                                             3. Ashish Khare 
 
 
                                             4. Colin Judd 
     -------------------------------  ---------------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                       1. Executive Chairman 
                                             2. Chief Executive Officer 
                                             3. Head - India Assets 
                                             4. Chief Financial Officer 
     -------------------------------  ---------------------------------------------------- 
 b)   Initial notification             Initial notification 
       /Amendment 
     -------------------------------  ---------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------- 
 a)   Name                             Synergia Energy Limited 
     -------------------------------  ---------------------------------------------------- 
 b)   LEI                              213800S292RJZ97HRR83 
     -------------------------------  ---------------------------------------------------- 
      Details of the transaction(s): section to be repeated for (i) 
  4    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               Options over ordinary shares of no par value 
       financial instrument,            each in the share capital of Synergia Energy 
       type of instrument               Limited 
 
      Identification code              AU0000233538 
 
 b)   Nature of the transaction        Issue of Share Options 
     -------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s) 
                                         Exercise Price        Volume 
                                              1. 0.11p              1. 8,315,217 
                                               2. 0.11p              2. 27,272,727 
                                               3. 0.11p              3. 16,255,208 
                                               4. 0.11p              4. 18,200,000 
                                        --------------------  -------------------------- 
 
 d)   Aggregated information           n/a 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction          03 April 2023 
     -------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  ---------------------------------------------------- 
 

For and on behalf of Synergia Energy Limited

Jack Rosagro

Company Secretary

F or further information, please contact:

 
 Investor Enquires                AIM Broker                      AIM Nominated          Media Enquires 
 Synergia Energy                  Novum Securities                 Adviser               (UK) 
 Ltd                              B roker                          Strand Hanson         Vigo Consulting 
 Briana Stayt                     Colin Rowbury                    Limited               Investor Relations 
 Investor Relations               Email:                           Nominated Adviser     Patrick d'Ancona 
 Email:                           [e-mail]     Ritchie Balmer/Rory   / Finlay Thomson 
 [e-mail]        Tel: +44 20                      Murphy                Email: 
 Tel: [phone]                  7399 9427                        Tel: [phone]      patrick.dancona@vigoconsultin 
 3200                             UK                               3494                  g.com 
 Australia                                                         UK                    finlay.thomson@vigoconsulting 
                                                                                         .com 
                                                                                         Tel:+ 44 20 7390 
                                                                                         0230 UK 
 

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April 04, 2023 02:00 ET (06:00 GMT)