PROSPEX ENERGY PLC

Remuneration Information • Mar 18, 2022

National Storage Mechanism | Additional information

RNS Number : 3295F

Prospex Energy PLC

18 March 2022

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

18 March 2022

Prospex Energy PLC

('Prospex' or the 'Company')

Award of Options

Prospex Energy PLC, the AIM quoted investment company focused on European energy projects, has today granted a total of 6,700,000 share options  in the Company to  directors and other staff (the "Options").  The new options awarded represent 2.71% of the current issued share capital of the Company.  The new award results in the total number of options awarded to staff and management of 12,551,428 which represents 5.07% of the total issued share capital.

The options have been awarded at 5p per share representing a 42.9% premium to 3.5p, the price at which the Company completed its recent placing as announced on 23 February 2022 and a 26.9% premium to the mid-market closing price of the Company's Ordinary Shares on 17 March 2022, 3.94p.

The Options vest immediately and are exercisable for a period of three years.

The Options to be issued are set out below:-

Mark Routh	2,100,000
William Smith	900,000
Alasdair Buchanan	900,000
Richard Mays	900,000
Other non-PDMR staff	1,900,000
Total	6,700,000

Options currently held by directors:

Director	Expiry 31-May-2023	Strike Price	Expiry 31-March-2025	Strike Price	Total
William Smith	810,720	4.0p	21,669	76.25p	832,389
Richard Mays	810,720	4.0p	21,669	76.25p	832,389

Directors' total after this award:

Director	Number	% of current share capital
Mark Routh	2,100,000	0.85%
William Smith	1,732,389	0.70%
Richard Mays	1,732,389	0.70%
Alasdair Buchanan	900,000	0.36%
Total	6,464,778	2.61%

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

Mark Routh	Prospex Energy PLC	Tel: +44 (0) 20 7236 1177
Rory Murphy Ritchie Balmer	Strand Hanson Limited	Tel: +44 (0) 20 7409 3494
Colin Rowbury Jon Belliss	Novum Securities Limited	Tel: +44 (0) 20 7399 9427
Duncan Vasey Lucy Williams	Peterhouse Capital Limited	Tel: +44 (0) 20 7220 9797
Susie Geliher Ana Ribeiro	St Brides Partners Ltd	Tel: +44 (0) 20 7236 1177

PDMR Notification

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Smith

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy 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 instrument, type of instrument

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

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)
5 pence	900,000

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alasdair Buchanan

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy 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 instrument, type of instrument

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

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)
5 pence	900,000

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Mays

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy 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 instrument, type of instrument

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

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)
5 pence	900,000

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Routh

2.

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Energy 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 instrument, type of instrument

Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc

Identification code

GB00BMFZVZ53

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)
5 pence	2,100,000

d)

Aggregated information

Aggregated volume Price

N/A (Single Transaction)

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

AIM

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