BEACON ENERGY PLC

Director's Dealing • Oct 23, 2023

National Storage Mechanism | Additional information

RNS Number : 8830Q

Beacon Energy PLC

23 October 2023

23 October 2023

Beacon Energy plc

("Beacon Energy" or the "Company")

Award of Share Options

Director / PDMR Shareholding

Beacon Energy plc (AIM:BCE), the full-cycle oil and gas company with a portfolio of onshore German assets, announces that it has granted options over, in aggregate, 503,565,644 ordinary shares of nil pence each in the capital of the Company ("Ordinary Shares") to its directors and employees (the "Options"). The Options are exercisable at a price of 0.15 pence per Ordinary Share, being the Issue Price at the Company's recent Fundraise as announced on 15 September 2023.

In addition, the Company has reached agreement with certain Directors to cancel 33,360,000 "out of the money" options for no consideration.

Issue of Options to Directors

The following Options have been granted to Company's Directors:

Name	Position	Number of New Options Granted	Exercise Price Per Ordinary Share (pence)	Total Options Held Following This Grant
Mark Rollins	Chairman	37,566,588	0.15	155,335,064
Larry Bottomley	Chief Executive Officer	100,177,569	0.15	492,829,705
Stewart MacDonald	Chief Financial Officer	91,661,457	0.15	269,622,711
Stephen Whyte	Non-Executive Director	18,783,294	0.15	74,863,520
Ross Warner	Non-Executive Director	18,783,294	0.15	74,863,520

The  Options set out in the table above vest in two equal tranches, being six months and one year from the date of grant, and are exercisable for up to five years from their date of grant.

Issue of Options to Senior Management and Employees

A further 236,593,442 Options have been granted to certain other members of senior management and employees at the same exercise price of 0.15 pence per Ordinary Share, on the same terms as those set out above. 

Related Party Transaction

The Option awards to directors represent a related party transaction under the AIM Rules for Companies. The director who is independent of the transaction, being Leo Koot, having consulted with the Company's nominated adviser, Strand Hanson, considers that the terms of the Option award are fair and reasonable insofar as shareholders are concerned.

Enquiries:

Beacon Energy plc Larry Bottomley (CEO) / Stewart MacDonald (CFO)	+44 (0)20 7466 5000
Strand Hanson Limited (Financial and Nominated Adviser) Rory Murphy / James Bellman	+44 (0)20 7409 3494
Buchanan (Public Relations) Ben Romney / Barry Archer / George Pope	+44 (0)20 7466 5000
Tennyson Securities Limited (Broker) Peter Krens / Ed Haig-Thomas	+44 (0)20 7186 9030

PDMR Disclosure Form

1. 

Details of the person discharging managerial responsibilities / person closely associated

a. 

Names

1.    Mark Rollins

2.    Larry Bottomley

3.    Stewart MacDonald

4.    Stephen Whyte

5.    Ross Warner

2. 

Reason for the notification

a. 

Position/status

6.    Chairman

7.    CEO

8.    CFO

9.    NED

10.  NED

b. 

Initial notification/Amendment

Initial Notification

3. 

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

a. 

Name

Beacon Energy plc

b. 

LEI

213800TZWOYU7UFZ5V63

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

Ordinary Shares of no par value

M00BKSCP798

b. 

Nature of the transaction

Option Awards

c. 

Price(s) and volume(s)

Price/share	Volume (s)
No consideration	37,566,588
No consideration	100,177,569
No consideration	91,661,457
No consideration	18,783,294
No consideration	18,783,294

d. 

Aggregated information

-  Aggregated volume

-  Price

N/A

e. 

Date of the transactions

23 October 2023

f. 

Place of the transactions

AIM, London Stock Exchange

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