Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas
9 July 2019
Empyrean Energy PLC ('Empyrean' or 'the Company')
Exercise of Options
Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, announces that Apnea Holdings Pty Ltd, a company wholly-owned by Empyrean CEO, Tom Kelly, has today exercised options in respect of 15,000,000 new ordinary shares of 0.2p each ("Option Exercise Shares") at an exercise price of 2p per Option Exercise Share, raising £300,000 ("the Option Exercise"). Mr Kelly now has an interest in 85,881,563 shares representing 19.55% of the Company's enlarged issued share capital.
Application has been made for the Option Exercise Shares to be admitted to trading on AIM. Admission is expected to take place on 12 July 2019. The Option Exercise Shares will rank pari passu with existing ordinary shares.
Following the Option Exercise, the Company's enlarged issued share capital will comprise 439,275,110 ordinary shares, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Empyrean Energy plc
Tom Kelly Tel: +61 8 9380 9920
Cenkos Securities plc
Neil McDonald Tel: +44 (0) 131 220 9771
Beth McKiernan Tel: +44 (0) 131 220 9778
St Brides Partners Ltd
Priit Piip Tel: +44 (0) 20 7236 1177
Frank Buhagiar Tel: +44 (0) 20 7236 1177
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities / person closely associated
Reason for the Notification
Chief Executive Officer of the Company
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Empyrean Energy plc
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
Description of the Financial instrument, type of instrument
Ordinary Shares of 0.2p each ("Ordinary Shares")
Nature of the Transaction
Exercise of options
Price(s) and volume(s)
2p per Ordinary Share
Aggregated volume Price
N/A (Single transaction)
Date of the transaction
8 July 2019
Place of the transaction
London Stock Exchange, AIM (LON:EME)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Create your account: sign up and get ahead on news and events
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...