4 November 2024
Sunda Energy
Plc
("Sunda"
or the "Company")
Grant of Share
Options
Sunda Energy Plc (AIM: SNDA), the
AIM-quoted exploration and appraisal company focused on gas assets
in Southeast Asia, announces that it has granted share options
over, in aggregate, 975,000,000 ordinary shares of 0.025 pence each
in the capital of the Company ("Ordinary Shares") to certain directors,
senior management, employees and a consultant at an exercise price
of 0.0725 pence per Ordinary Share (the "Options"), being the middle market
closing price on 1 November 2024, the latest practicable closing
price prior to this announcement. These Options have been
granted under both an HMRC approved Enterprise Management Incentive
plan (the "EMI Share Option
Scheme") and an unapproved share option plan. The Options
have a ten-year life from the date of grant.
Accordingly, a total of
2,332,500,000 option awards are outstanding following these latest
grants, which represents approximately 9.14 per cent. of the
Company's existing issued share capital of 25,510,783,788 Ordinary
Shares.
The following new Options have been
granted to the Company's Executive Directors:
|
Name
|
Position
|
Number of new Options
granted
|
Type
|
Exercise price per Ordinary
Share (pence)
|
Exercise
period
|
Total Options held following
this grant
|
|
Dr Andrew
John Butler
|
Chief
Executive Officer
|
425,000,000
|
Unapproved Options
|
0.0725
|
10
years
|
600,000,000
|
|
Robert
Stewart Collins
|
Chief
Financial Officer
|
300,000,000
|
EMI Share
Option Scheme
|
0.0725
|
10
years
|
300,000,000
|
The new Options set out in the table
above all vest in three equal tranches (one, two and three years
from the date of grant).
The FCA notification, made in
accordance with the requirements of UK MAR is appended
below.
Senior Management, Employees and a
Consultant
A further 250,000,000 new Options,
in aggregate, have been granted to certain other members of senior
management, employees and a consultant at the same exercise price
of 0.0725 pence per Ordinary Share. These options vest in the
same manner as those awarded to the Executive Directors of the
Company.
For
further information, please
contact:
|
Sunda Energy Plc
Andy Butler, Chief
Executive
Rob Collins, Chief Financial
Officer
|
Tel: +44 (0) 20 7770
6424
|
|
Allenby Capital Limited
Nominated Adviser and Joint
Broker
Nick Athanas, Nick Harriss, George
Payne (Corporate Finance)
Kelly Gardiner, Stefano Aquilino
(Sales and Corporate Broking)
|
Tel: +44 (0) 20 3328 5656
|
|
Cavendish Capital Markets Limited
Joint
Broker
Neil McDonald, Pearl Kellie
(Corporate
Finance)
|
Tel:
+44 (0) 131 220 6939
+44 (0)
207 220 0500
|
|
Celicourt Communications
Financial PR and
IR
Mark Antelme, Philip Dennis, Charles
Denley-Myerson
|
Tel: +44
(0) 20 7770 6424
sunda@celicourt.uk
|
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)
|
Full name of person
Dealing
|
Andrew John Butler
|
|
2.
|
Reason for notification
|
|
(b)
|
Position/status
|
PDMR - Chief Executive
|
|
(c)
|
Initial notification/
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
(d)
|
Name of entity
|
Sunda Energy Plc
|
|
(e)
|
LEI
|
213800MBSOS9UZ5SW712
|
|
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
|
Ordinary Shares of 0.025 pence each
in the Company
|
|
(b)
|
Identification code
|
GB00B01QGH57
|
|
(c)
|
Nature of the transaction
|
Grant of share options
|
|
(d)
|
Price(s) and volume(s)
|
|
Exercise Price
|
Volume
|
|
Exercise price of 0.0725
pence
|
425,000,000 share options
|
|
|
(e)
|
Aggregated information:
- Aggregated volume
- Price
|
N/A - transactions are as in 4(d)
above.
|
|
(f)
|
Date of transaction
|
1 November 2024
|
|
(g)
|
Place of transaction
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
(a)
|
Full name of person
Dealing
|
Robert Stewart Collins
|
|
2.
|
Reason for notification
|
|
(b)
|
Position/status
|
PDMR - Chief Financial
Officer
|
|
(c)
|
Initial notification/
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
(d)
|
Name of entity
|
Sunda Energy Plc
|
|
(e)
|
LEI
|
213800MBSOS9UZ5SW712
|
|
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
|
Ordinary Shares of 0.025 pence each
in the Company
|
|
(b)
|
Identification code
|
GB00B01QGH57
|
|
(c)
|
Nature of the transaction
|
Grant of share options
|
|
(d)
|
Price(s) and volume(s)
|
|
Exercise Price
|
Volume
|
|
Exercise price of 0.0725
pence
|
300,000,000 share options
|
|
|
(e)
|
Aggregated information:
- Aggregated volume
- Price
|
N/A - transactions are as in 4(d)
above.
|
|
(f)
|
Date of transaction
|
1 November 2024
|
|
(g)
|
Place of transaction
|
Outside a trading venue
|