Business
Exercise of Options and PDMR Dealing
Exercise of Options and PDMR Dealing.
About this update from Block Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4359L\n Block Energy PLC\n 12 January 2021\n \n \n \n 12 January 2021\n \n Block Energy plc\n \n (\"Block\" or the \"Company\")\n \n \n Exercise of Options and PDMR Dealing\n \n \n \n \n \n Block Energy plc, the development and production company focused on Georgia, announces that Chris Brown, Non-Executive Director, has exercised nil-cost options (\"Options\") to acquire 397,904 ordinary shares of 0.25 pence each.\n \n \n \n \n \n The Options had been acquired as a result of the Company's salary and fees sacrifice scheme that was announced on 7 April 2020 whereby directors and employees of the Company agreed to receive 40% of their salaries/fees in nil-cost options in lieu of cash.\n \n \n \n \n \n Consequently, on 12 January 2021, the Company allotted 397,904 ordinary shares of 0.25p each to Chris Brown. Mr Brown now holds 568,347 ordinary shares, representing 0.09% of the Company's enlarged issue share capital.\n \n \n Application will be made for the admission to trading on AIM (\"Admission\") for the 397,904 ordinary shares. The ordinary shares will rank pari passu in all respects with the existing ordinary shares of the Company. Admission is expected at 8.00 a.m. on or around 18 January 2021.\n \n \n Total Voting Rights\n \n \n Following Admission, the Company's issued share capital will comprise 615,557,568 ordinary shares with one voting right each. As the Company does not hold any shares in Treasury, the total number of voting rights in the Company is also 615,557,568 and this figure of ordinary shares 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, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \n **ENDS**\n \n \n The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to these PDMR dealings.\n \n \n \n For further information please visit http://www.blockenergy.co.uk/ or contact:\n \n \n \n \n \n Paul Haywood\n \n \n (Chief Executive Officer)\n \n \n \n \n Block Energy Plc\n \n \n \n \n Tel:\n +44 (0)20 \n 3468 9891\n \n \n \n \n \n \n Neil Baldwin\n \n \n (Nominated Adviser)\n ...