Business
Award of Options
Award of Options.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n27 July 2023\nProspex Energy PLC\n('Prospex' or the 'Company')\n \nAward of Options\n \nProspex Energy PLC, the AIM quoted investment company focused on European energy projects, has today granted a total of 4,200,000 share options in the Company to directors and other staff (the \"Options\") following the Company's success in commencing gas production from the Podere Maiar-1 well in Italy announced on 5 July 2023. The new options awarded represent 1.43% of the total issued share capital of the Company on 31 July 2023. The new award results in the total number of options awarded to staff and management of 17,946,364 which represents 6.11% of the total issued share capital on 31 July 2023.\nThe options have been awarded at 7.0p per share representing an 11.1% premium to 6.3p, the closing price of Prospex shares on 26 July 2023.\nThe Options vest immediately and are exercisable for a period of five years.\nThe Options to be issued are set out below:\n\n\n\nMark Routh\n\n\n1,200,000\n\n\n\n\nWilliam Smith\n\n\n300,000\n\n\n\n\nAlasdair Buchanan\n\n\n300,000\n\n\n\n\nAndrew Hay\n\n\n900,000\n\n\n\n\nGrant Glanfield\n\n\n500,000\n\n\n\n\nOther non-PDMR staff\n\n\n1,000,000\n\n\n\n\nTotal\n\n\n4,200,000\n\n\n\n \nOptions currently held by directors/PDMRs:\n\n\n\nDirector* /PDMR\n\n\nExpiry 14/04/25\n\n\nStrike Price\n\n\nExpiry 17/3/25\n\n\nStrike Price\n\n\nExpiry 22/09/27\n\n\nStrike Price\n\n\nExpiry 27/02/28\n\n\nStrike Price\n\n\nTotal\n\n\n\n\nWilliam Smith*\n\n\n21,669\n\n\n75.0p\n\n\n900,000\n\n\n5.0p\n\n\n900,000\n\n\n8.15p\n\n\n370,000\n\n\n12.25p\n\n\n2,191,669\n\n\n\n\nAlasdair Buchanan*\n\n\n-\n\n\n-\n\n\n900,000\n\n\n5.0p\n\n\n900,000\n\n\n8.15p\n\n\n370,000\n\n\n12.25p\n\n\n2,170,000\n\n\n\n\nMark Routh*\n\n\n-\n\n\n-\n\n\n2,100,000\n\n\n5.0p\n\n\n900,000\n\n\n8.15p\n\n\n1,233,333\n\n\n12.25p\n\n\n4,233,333\n\n\n\n\nAndrew Hay*\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\nGrant Glanfield\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\n\n\n\n\n575,556\n\n\n12.25p\n\n\n575,556\n\n\n\n\nTotal\n\n\n21,669\n\n\n-\n\n\n3,900,000\n\n\n-\n\n\n2,700,000\n\n\n-\n\n\n2,548,889\n\n\n-\n\n\n9,170,558\n\n\n\n \n\n\n \nDirectors'/PDMRs total Options after this award:\n\n\n\nDirector*/PDMR\n\n\nNumber\n\n...