Business
Vesting of Share Awards and Director Share Dealing
Vesting of Share Awards and Director Share Dealing.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n\n\n\nVesting of Share Awards and Director Share Dealing\n \n18 March 2024 - Singapore: Jadestone Energy plc (\"Jadestone\", or the \"Company\"), an independent upstream company focused on the Asia-Pacific region, announces that a total of 50,570 restricted share awards (\"RS Awards\") granted by the Company on 18 March 2021, pursuant to the Company's Restricted Share Plan, vested on 18 March 2024.\n \nWith the vesting of the RS Awards, 50,570 ordinary shares of £0.001 each in the capital of the Company have been issued on 18 March 2024 to A. Paul Blakeley, Executive Director, President and CEO of Jadestone. The original RS Awards reflected a decision by Mr Blakeley to receive a portion of his annual base salary in the form of restricted share units to provide greater alignment with shareholders.\n \nFollowing the share issuance, Mr. Blakeley holds a total of 4,943,992 ordinary shares, representing 0.91% of the Company's issued share capital.\n \nThe FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below and gives further details on the transaction described above. \n \nAdmission\n \nApplication has been made to the London Stock Exchange for the RS Awards 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 21 March 2024.\n \nTotal Voting Rights\n \nFollowing the vesting of the RS Awards, the Company will have 540,817,144 Ordinary Shares (excluding treasury 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 540,817,144.\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\n\n \nDEALING NOTIFICATION FORM \nFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS \n \n\n\n\n\n 1. \n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\na)\n\n\nName:\n\n\nA. Paul Blakeley\n \n\n\n\n\n2.&...