15:16 Fri 12 Oct 2018
i3 Energy PLC - Issue of Share Options
("i3" or the "Company")
Issue of Share Options
The exercise price of the new Options will be
· 33.33% on issuance,
· 33.33% upon successful execution of a farmout agreement or at 12 months (whichever occurs first); and
· 33.33% upon Field Development Plan ("FDP") approval or at 24 months (whichever occurs first).
Number of Options today issued to Directors:
Majiq Shafiq |
1,000,000 |
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179,209 |
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100,000 |
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100,000 |
In relation to this transaction,
Following this announcement, the Company has in issue 41,017,438 ordinary shares of
ENDS
CONTACT DETAILS:
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c/o Camarco Tel: +44 (0) 203 757 4980
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Tel: +44 (0) 207 220 1666 |
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GMP FirstEnergy (Joint Broker) |
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Tel: +44 (0) 207 448 0200
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Tel: +44 (0) 207 523 8000
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Camarco |
Tel: +44 (0) 203 757 4980 |
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Notes to Editors: i3 is an oil and gas development company initially focused on the
The Company's strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production.
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
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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 |
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a) |
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Maid Shafiq |
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2 |
Reason for the notification |
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a) |
Position/status |
CEO |
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b) |
Initial notification/ Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800949OZA9QA9FS17 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Share options
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b) |
Nature of the transaction |
Share Option Plan |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
1,000,000 |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Off market |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
CFO |
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b) |
Initial notification/ Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800949OZA9QA9FS17 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Share options
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b) |
Nature of the transaction |
Share Option Plan |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
179,209 |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Off market |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/ Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800949OZA9QA9FS17 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Share options
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b) |
Nature of the transaction |
Share Option Plan |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
100,000 |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Off market |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/ Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800949OZA9QA9FS17 |
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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
Identification code |
Share options
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b) |
Nature of the transaction |
Share Option Plan |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
100,000 |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Off market |
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