Empyrean Energy PLC Grant of Options and PDMR Notification (3287D)
January 30 2018 - 5:45AM
UK Regulatory
TIDMEME
RNS Number : 3287D
Empyrean Energy PLC
30 January 2018
This announcement contains inside information
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil &
Gas
30 January 2018
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 30 January 2018,
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 (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 January 2021.
The exercise price of the Options is GBP0.17 per Ordinary Share,
which represents an approximate 40% premium to the volume weighted
average price of the Ordinary Shares for the thirty days prior to
the date of grant and an approximate 39% premium to the closing
price of the Ordinary Shares at the close of business on 29 January
2018.
**ENDS**
For further information:
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
Lottie Wadham Tel: +44 (0) 20 7236 1177
Olivia Vita Tel: +44 (0) 20 7236 1177
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
--- ---------------------------------------------------------------
a) Name: Jonathan Whyte - Keyport
Investments Pty Ltd
--- --------------------------- ----------------------------------
2 Reason for the Notification
--- ---------------------------------------------------------------
a) Position/Status: Company Secretary
--- --------------------------- ----------------------------------
b) Initial notification/ Initial Notification
Amendment:
--- --------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------
a) Name: Empyrean Energy Plc
--- --------------------------- ----------------------------------
b) LEI: 213800ZRH1WBHEWDFA57
--- --------------------------- ----------------------------------
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 Options over ordinary shares
the financial instrument, of 0.2p each ("Ordinary Shares")
type of instrument: GB00B09G2351
Identification
code:
--- --------------------------- ----------------------------------
b) Nature of the transaction: Grant of 2,500,000 Options
over Ordinary Shares with
an expiry date of 30 January
2021.
--- --------------------------- ----------------------------------
c) Price(s) and Volume(s): Exercise Price(s) Volume(s)
------------------- ----------
GBP0.17 2,500,000
------------------- ----------
--- --------------------------- ----------------------------------
d) Aggregated Information: N/A (Single transaction)
- Aggregated Volume
- Price
--- --------------------------- ----------------------------------
e) Date of the Transaction: 30 January 2018
--- --------------------------- ----------------------------------
f) Place of the Transaction: London Stock Exchange, AIM
(LON:EME)
--- --------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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