Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas
18 September 2019
Empyrean Energy PLC
Grant of Options and PDMR Notification
Empyrean Energy plc (EME: AIM) ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that, on 17 September 2019, the board resolved to issue incentive options in respect of 2,500,000 ordinary shares of 0.2 pence in the Company (the "Ordinary Shares") to the Company Secretary, Mr Jonathan Whyte, or his nominee (the "Options").
The Options have been granted as part of the Company's strategy to retain and incentivise directors and management of the Company. The Options will not vest to Mr Whyte for a period of 12 months from their issue date and will expire on 30 September 2022.
The exercise price of the Options is £0.125 per Ordinary Share, which represents an approximate 34% premium to the volume weighted average price of the Ordinary Shares for the thirty days prior to the date of grant.
For further information:
Empyrean Energy plc
Tel: +61 8 9380 9920
Cenkos Securities plc
Tel: +44 (0) 131 220 9771
Tel: +44 (0) 131 220 9772
St Brides Partners Ltd
Tel: +44 (0) 20 7236 1177
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
Jonathan Whyte - Keyport Investments Pty Ltd
Reason for the Notification
Initial notification/ Amendment:
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:
Options over ordinary shares of 0.2p each ("Ordinary Shares")
Nature of the transaction:
Grant of 2,500,000 Options over Ordinary Shares with an expiry date of 30 September 2022.
Price(s) and Volume(s):
- Aggregated Volume
N/A (Single transaction)
Date of the Transaction:
17 September 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.
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