Business
Vesting and Awards of Restricted Shares
Vesting and Awards of Restricted Shares.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n\n\n\nVesting and Awards of Restricted Shares\n \n6 December 2024 - Singapore: Jadestone Energy plc (AIM:JSE) (\"Jadestone\" or the \"Company\"), an independent upstream production company focused on the Asia-Pacific region, announces that the Company has issued 43,655 Ordinary Shares of £0.01 each in connection with the restricted shares award which vested and were announced on 5 December 2024. An application has been made to the London Stock Exchange for these 43,655 Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective, and that dealings will commence, at 8.00 a.m. GMT on 11 December 2024.\n \nTotal Voting Rights\n \nFollowing admission of the Ordinary Shares referenced above, the Company will have 541,110,799 Ordinary Shares of £0.001 par value each in issue, and no Ordinary Shares in treasury. Therefore, the total voting rights in the Company will be 541,110,799.\n \nThis figure should 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 Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nAwards of Restricted Shares\n \nFollowing the announcement of 5 December 2024, the Company has proposed to award restricted shares with a three-year vesting period to Dr Adel Chaouch, the Executive Chairman, and Andrew Fairclough, Executive Director and Chief Financial Officer. Both individuals, as persons discharging managerial responsibilities, are recipients of these restricted shares awards in connection with their appointments. The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation are appended below and give further details on the transaction.\nDEALING NOTIFICATION FORM\nFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS\n\n\n\n\n1.\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\n(a)\n\n\nName:\n\n\nAdel Chaouch\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\n(a)\n\n\nPosition/status:\n\n\nExecutive Chairman\n\n\n\n\n(b)\n\n\nInitial notification/ amendment:\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, aucti...