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PROSPEX ENERGY PLC
Director's Dealing • Feb 28, 2023
7859_rns_2023-02-28_fd4ca5a5-8460-4a4e-ad3a-7a22dd7de5dd.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2143R
Prospex Energy PLC
28 February 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
28 February 2023
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 3,700,000 share options in the Company to directors and other staff (the "Options") following the annual review of staff remuneration. The new options awarded represent 1.30% 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 14,346,897 which represents 5.04% of the total issued share capital.
The options have been awarded at 12.25p per share representing a 2.04% premium to 12.0p, the closing price of Prospex shares on 27 February 2023.
The Options vest in three months' time on 1 June 2023 and are exercisable for a period of five years.
The Options to be issued are set out below:
| Mark Routh | 1,233,333 |
| William Smith | 370,000 |
| Alasdair Buchanan | 370,000 |
| Other non-PDMR staff | 1,726,667 |
| Total | 3,700,000 |
Options currently held by directors:
| Director | Expiry 14/04/2025 | Strike Price | Expiry 17/3/2025 | Strike Price | Expiry 22/09/2027 | Strike Price | Total |
| William Smith | 21,669 | 75.0p | 900,000 | 5.0p | 900,000 | 8.15p | 1,821,669 |
| Alasdair Buchanan | - | - | 900,000 | 5.0p | 900,000 | 8.15p | 1,800,000 |
| Mark Routh | - | - | 2,100,000 | 5.0p | 900,000 | 8.15p | 3,000,000 |
| Total | 21,669 | - | 3,900,000 | - | 2,700,000 | - | 6,621,669 |
Directors' total after this award:
| Director | Number | % of current share capital |
| Mark Routh | 4,233,333 | 1.49% |
| William Smith | 2,191,669 | 0.77% |
| Alasdair Buchanan | 2,170,000 | 0.76% |
| Total Directors | 8,595,002 | 3.02% |
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 |
| Ritchie Balmer Rory Murphy |
Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
| Andrew Monk (Corporate Broking) Andrew Raca/Alex Cabral (Corporate Finance) |
VSA Capital Limited | Tel: +44 (0) 20 3005 5000 |
| Colin Rowbury Jon Belliss |
Novum Securities Limited | Tel: +44 (0) 20 7399 9427 |
| Susie Geliher Ana Ribeiro |
St Brides Partners Limited | 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 5 years
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 12.25 pence | 370,000 |
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
28 February 2023
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) |
| 12.25 pence | 370,000 |
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
28 February 2023
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) |
| 12.25 pence | 1,233,333 |
d)
Aggregated information
Aggregated volume Price
N/A (Single Transaction)
e)
Date of the transaction
28 February 2023
f)
Place of the transaction
AIM
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