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PROSPEX ENERGY PLC
Remuneration Information • Mar 18, 2022
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Remuneration Information
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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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