AI Terminal
I3 ENERGY PLC
Share Issue/Capital Change • Apr 29, 2021
7698_rns_2021-04-29_5cd711fc-43b3-4fca-8f46-ce09d15f05bf.html
Share Issue/Capital Change
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 0527X
i3 Energy PLC
29 April 2021
29 April 2021
i3 Energy plc
("i3", "i3 Energy", or the "Company")
Exercise of Options and Share Issuance
i3 Energy plc announces that certain of its directors and employees have exercised options over 15,603,960 shares in the Company. Application will be made for these shares to be admitted to trading on AIM and are expected to be admitted on 6 May 2021. The following table shows options being exercised and the resulting shareholding of persons discharging managerial responsibility:
| Name | Position | Options exercised | Shares held following exercise | Shareholding |
| Majid Shafiq | CEO | 2,807,776 | 2,951,541 | 0.41% |
| Graham Heath | CFO | 1,734,282 | 8,550,495 | 1.18% |
| Linda Beal | Non-executive Chairperson | 300,000 | 300,000 | 0.04% |
| Richard Ames | Non-executive Director | 534,376 | 738,951 | 0.10% |
| Neill Carson | Non-executive Director | 534,376 | 7,246,509 | 1.00% |
| John Festival | Non-executive Director | 134,262 | 199,060 | 0.03% |
The Company now has in issue 722,447,721 ordinary shares of £0.0001 each. Shareholders may use this figure of ordinary shares as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
END
Enquiries:
| i3 Energy plc | ||
| Majid Shafiq (CEO) / Graham Heath (CFO) | c/o Camarco Tel: +44 (0) 203 781 8331 |
|
| WH Ireland Limited (Nomad and Joint Broker) | ||
| James Joyce, James Sinclair-Ford | Tel: +44 (0) 207 220 1666 | |
| Canaccord Genuity Limited (Joint Broker) | ||
| Henry Fitzgerald- O'Connor, James Asensio | Tel: +44 (0) 207 523 8000 | |
| Tennyson Securities (Joint Broker) Peter Krens |
Tel: +44 (0) 207 186 9030 | |
| Camarco Owen Roberts, James Crothers, Violet Wilson |
Tel: +44 (0) 203 781 8331 |
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance ("ESG") practices. i3 is proud of its performance to date as a responsible steward of the environment, people and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock Exchange. For further information on i3 Energy please visit https://i3.energy/
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
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
Majid Shafiq
2
Reason for the notification
a)
Position/status
CEO
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
i3 Energy PLC
b)
LEI
213800949OZA9QA9FS17
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 instrument, type of instrument
Identification code
Options over ordinary shares
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.0001 | 2,807,776 |
d)
Aggregated information
- Aggregated volume
- Price
2,807,776
£0.0001
e)
Date of the transaction
20/04/2021
f)
Place of the transaction
London Stock Exchange (AIM)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Graham Heath
2
Reason for the notification
a)
Position/status
CFO
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
i3 Energy PLC
b)
LEI
213800949OZA9QA9FS17
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 instrument, type of instrument
Identification code
Options over ordinary shares
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.0001 | 1,734,282 |
d)
Aggregated information
- Aggregated volume
- Price
1,734,282
£0.0001
e)
Date of the transaction
20/04/2021
f)
Place of the transaction
London Stock Exchange (AIM)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Richard Ames
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
i3 Energy PLC
b)
LEI
213800949OZA9QA9FS17
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 instrument, type of instrument
Identification code
Options over ordinary shares
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.0001 | 534,376 |
d)
Aggregated information
- Aggregated volume
- Price
534,376
£0.0001
e)
Date of the transaction
27/04/2021
f)
Place of the transaction
London Stock Exchange (AIM)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Neill Carson
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
i3 Energy PLC
b)
LEI
213800949OZA9QA9FS17
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 instrument, type of instrument
Identification code
Options over ordinary shares
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.0001 | 534,376 |
d)
Aggregated information
- Aggregated volume
- Price
534,376
£0.0001
e)
Date of the transaction
27/04/2021
f)
Place of the transaction
London Stock Exchange (AIM)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
John Festival
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
i3 Energy PLC
b)
LEI
213800949OZA9QA9FS17
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 instrument, type of instrument
Identification code
Options over ordinary shares
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.0001 | 134,262 |
d)
Aggregated information
- Aggregated volume
- Price
134,262
£0.0001
e)
Date of the transaction
04/27/2021
f)
Place of the transaction
London Stock Exchange (AIM)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Linda Beal
2
Reason for the notification
a)
Position/status
Non-Executive Chairperson
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
i3 Energy PLC
b)
LEI
213800949OZA9QA9FS17
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 instrument, type of instrument
Identification code
Options over ordinary shares
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.05 | 300,000 |
d)
Aggregated information
- Aggregated volume
- Price
300,000
£0.05
e)
Date of the transaction
28/04/2021
f)
Place of the transaction
London Stock Exchange (AIM)
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 [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCUKVBRAOUSURR