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DELTIC ENERGY PLC
Remuneration Information • Jul 13, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2488S
Deltic Energy PLC
13 July 2022
13 July 2022
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
Deltic Energy Plc ("Deltic" or the "Company")
Grant of share options
Notification of transactions by directors/persons discharging managerial responsibilities
Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea, announces that the Company has granted options over a total of 34,000,000 ordinary shares in the Company ("Ordinary Shares") to its Directors, senior management and employees (the "Options"). The Options have been granted at an exercise price of 2.55 pence each, being the closing mid-market price of an Ordinary Share on 12 July 2022, the latest practicable date prior to this announcement.
The Options have been granted as a mixture of Enterprise Management Incentives qualifying and non-qualifying options in relation to the Company's Enterprise Management Incentives Plan.
The Options may vest in three equal tranches over three years and are exercisable, to the extent vested, until 10 years from the date of grant. The first tranche of one third of the Options may vest after one year from the date of grant, the second tranche of one third of the Options may vest after two years, and the third and final tranche may vest after three years.
Directors and Senior Management
The following Options have been granted to Deltic's Directors and Senior Management:
| Name | Position | Number of Options granted | Total options held following grant |
| Graham Swindells | Chief Executive | 10,000,000 | 58,654,096 |
| Andrew Nunn | Chief Operating Officer | 10,000,000 | 58,654,096 |
| Sarah McLeod | Chief Financial Officer | 5,000,000 | 15,032,258 |
Other Senior Staff and Employees
A further 9,000,000 Options have been granted to certain other senior staff and employees at the same exercise price of 2.55 pence per Ordinary Share.
The Options awarded are equivalent to 2.4% of the Company's current issued share capital. In total, 162,840,450 options over Ordinary Shares in the Company are now outstanding, representing approximately 11.6% of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 1,405,964,855. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.
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
Graham Swindells
2.
Reason for the Notification
a)
Position/status
Chief Executive
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Deltic Energy Plc
b)
LEI
213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code
ISIN: GB00B6SYKF01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Exercise price 2.55 pence per share | 10,000,000 |
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
12 July 2022
f)
Place of the transaction
XOFF
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Nunn
2.
Reason for the Notification
a)
Position/status
Chief Operating Officer
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Deltic Energy Plc
b)
LEI
213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code
ISIN: GB00B6SYKF01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Exercise price 2.55 pence per share | 10,000,000 |
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
12 July 2022
f)
Place of the transaction
XOFF
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sarah McLeod
2.
Reason for the Notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Deltic Energy Plc
b)
LEI
213800TS8K1D27AFP275
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
Grant of options over ordinary shares of 0.5p
Identification code
ISIN: GB00B6SYKF01
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Exercise price 2.55 pence per share | 5,000,000 |
d)
Aggregated information:
·Aggregated volume
·Price
n/a
e)
Date of the transaction
12 July 2022
f)
Place of the transaction
XOFF
**ENDS**
For further information please contact the following:
| Deltic Energy Plc | Tel: +44 (0) 20 7887 2630 |
| Graham Swindells / Andrew Nunn / Sarah McLeod | |
| Allenby Capital Limited (Nominated Adviser & Joint Broker) | Tel: +44 (0) 20 3328 5656 |
| David Hart / Alex Brearley (Corporate Finance) | |
| Kelly Gardiner (Sales and Corporate Broking) | |
| Stifel Nicolaus Europe Limited (Joint Broker) | Tel: +44 (0) 20 7710 7600 |
| Callum Stewart / Simon Mensley / Ashton Clanfield | |
| Vigo Consulting (IR & PR Adviser) | Tel: +44 (0) 20 7390 0230 |
| Patrick d'Ancona / Finlay Thomson / Oliver Clark |
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