Empyrean Energy PLC Exercise of Options (4276F)
February 20 2018 - 9:45AM
UK Regulatory
TIDMEME
RNS Number : 4276F
Empyrean Energy PLC
20 February 2018
This announcement contains inside information
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil &
Gas
20 February 2018
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 4p per Option Exercise Share, raising GBP600,000
("the Option Exercise"). Mr Kelly now has an interest in 70,881,563
shares representing 17.1% 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
26 February 2018. 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 413,995,110 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.
**ENDS**
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
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
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------------
a) Name Tom Kelly
---- -------------------------------- -------------------------------------------
2. Reason for the Notification
---- -----------------------------------------------------------------------------
a) Position/status Chief Executive Officer of the
Company
---- -------------------------------- -------------------------------------------
b) Initial notification/amendment Initial notification
---- -------------------------------- -------------------------------------------
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 Ordinary Shares of 0.2p each ("Ordinary
the Financial Shares")
instrument, type
of instrument
---- -------------------------------- -------------------------------------------
Identification GB00B09G2351
code
---- -------------------------------- -------------------------------------------
b) Nature of the Exercise of options
Transaction
---- -------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
---- --------------------------------
4p per Ordinary
Share 15,000,000
-------------------------------------------------------------- -----------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
---- -------------------------------- -------------------------------------------
e) Date of the transaction 20 February 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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