TomCo Energy PLC Grant of Share Options (7687C)
June 23 2021 - 2:00AM
UK Regulatory
TIDMTOM
RNS Number : 7687C
TomCo Energy PLC
23 June 2021
23 June 2021
TOMCO ENERGY PLC
("TomCo" or the "Company")
Grant of Share Options
TomCo Energy plc (AIM: TOM), the US operating oil development
group focused on using innovative technology to unlock
unconventional hydrocarbon resources, announces that on 22 June
2021, the Company granted options ("Options") over, in aggregate,
90,500,000 ordinary shares of no par value in the capital of the
Company ("Ordinary Shares") pursuant to the Company's EMI option
scheme and its unapproved option scheme.
All of the Options are exercisable at 0.54 pence each, being the
closing mid-market price of an Ordinary Share on 22 June 2021, at
any time from six months from the date of grant to the tenth
anniversary of the date of grant.
85,500,000 Options were granted to the Company's Directors as
detailed below:
Name Position Number of Exercise Exercise Total Options
Options Granted price per period Held following
Ordinary the Grant
Share (p)
Chief Executive
John Potter Officer 45,000,000 0.54 10 years 52,714,285
----------------- ----------------- ---------- -------- ---------------
Malcolm Non-executive
Groat Chairman 18,000,000 0.54 10 years 20,380,952
----------------- ----------------- ---------- -------- ---------------
Non-executive
Louis Castro Director 15,000,000 0.54 10 years 15,000,000
----------------- ----------------- ---------- -------- ---------------
Richard Non-executive
Horsman Director 7,500,000 0.54 10 years 7,500,000
----------------- ----------------- ---------- -------- ---------------
In addition, a further 5,000,000 Options were granted to an
employee of the Company.
Following the above grant of Options, the total number of
options outstanding over unissued Ordinary Shares is 107,865,078,
representing approximately 7.43 per cent. of the Company's issued
share capital.
Enquiries :
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
Novum Securities Limited (Broker)
Jon Belliss / Colin Rowbury +44 (0)20 7399 9402
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Graham Herring +44 (0)20 3934 6630
For further information, please visit www.tomcoenergy.com .
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms
part of United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
PDMR Notification Form
The notification below, is made in accordance with the
requirements of MAR.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Names John Potter - Chief Executive Officer
Malcolm Groat - Non-executive Chairman
Louis Castro - Non-executive Director
Richard Horsman - Non-executive Director
------------------------------ ------------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs of the Company
------------------------------ ------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------------ ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name TomCo Energy Plc
------------------------------ ------------------------------------------
b) LEI 213800FEW97Y1CD38B95
------------------------------ ------------------------------------------
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 In each case, the grant of Options
Financial instrument, over Ordinary Shares of no par value
type of instrument in the Company
Identification code IM00BZBXMN96
------------------------------ ------------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
of no par value in the Company
------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price: 0.54 pence
Volumes:
John Potter - 45,000,000 Options
Malcolm Groat - 18,000,000 Options
Louis Castro - 15,000,000 Options
Richard Horsman - 7,500,000 Options
------------------------------ ------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------ ------------------------------------------
e) Date of the transaction 22 June 2021
------------------------------ ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------
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END
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