Empyrean Energy PLC Issue of Salary Sacrifice Shares (4994M)
15 September 2023 - 8:00AM
UK Regulatory
TIDMEME
RNS Number : 4994M
Empyrean Energy PLC
15 September 2023
Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil &
Gas
Empyrean Energy plc
Issue of Salary Sacrifice Shares
15 September 2023
Empyrean Energy plc ("Empyrean" or the "Company"), the oil and
gas development company with interests in China, Indonesia and the
United States, advises that it has issued 4,397,592 new Ordinary
Shares of 0.2p each in the Company (the "Salary Sacrifice Shares")
at a deemed price of 0.8p per New Ordinary Share (the "Issue
Price"). The Salary Sacrifice Shares were issued in lieu of cash
remuneration for the period June through to August 2023 in order to
preserve capital and ensure more funds are directed towards project
activities, as previously advised to the market on 30 May 2023.
This arrangement will conclude on the earlier of 31 December 2023
or the signing of a binding agreement for the sale (in part or
whole) of Empyrean's interest in Mako.
Of the total Salary Sacrifice Shares issued:
-- 2,109,375 Salary Sacrifice Shares were issued to the Managing
Director of Empyrean, Tom Kelly. Following the issue of the Salary
Sacrifice Shares, Mr Kelly has an interest in 97,248,263 Shares,
representing 9.87% of the enlarged issued share capital of the
Company.
-- 1,799,242 Salary Sacrifice Shares were issued to the
Technical Director of Empyrean, Gaz Bisht. Following the issue of
the Salary Sacrifice Shares, Mr Bisht has an interest in 35,470,671
Shares, representing 3.60% of the enlarged issued share capital of
the Company.
-- 488,976 Salary Sacrifice Shares were issued to the Company
Secretary of Empyrean, Jonathan Whyte. Following the issue of the
Salary Sacrifice Shares, Mr Whyte has an interest in 1,162,548
Shares, representing 0.12% of the enlarged issued share capital of
the Company.
The issue of the Salary Sacrifice Shares is being completed
under the Company's existing authorities and is not subject to the
approval of shareholders. Following the issue of the Salary
Sacrifice shares, the Company's enlarged issued share capital will
comprise 985,470,767 Shares. This figure 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, securities of the Company under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
Application will be made for the Salary Sacrifice Shares to be
admitted to trading on AIM. Admission is expected to take place on
20 September 2023. The Salary Sacrifice Shares will rank pari passu
with existing Shares in issue.
For further information please contact the following:
Empyrean Energy plc
Tom Kelly Tel: +61 6146 5325
Cavendish Securities plc (Nominated Advisor and Broker)
Neil McDonald Tel: +44 (0) 131 220 9771
Pearl Kellie Tel: +44 (0) 131 220 9775
First Equity (Join Broker)
Jason Robertson Tel: +44 (0) 20 7330 1883
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) Name: Thomas Kelly
----------------------------- ----------------------------------------
2 Reason for the Notification
-----------------------------------------------------------------------
a) Position/Status: Managing Director/CEO
----------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment:
----------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Empyrean Energy Plc
----------------------------- ----------------------------------------
b) LEI: 213800ZRH1WBHEWDFA57
----------------------------- ----------------------------------------
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 Ordinary shares of 0.2p each ("Shares")
instrument, type of GB00B09G2351
instrument:
Identification code:
----------------------------- ----------------------------------------
b) Nature of the transaction: Issue of Salary Sacrifice Shares
----------------------------- ----------------------------------------
c) Price(s) and Volume(s): Price Volume
Nil 2,109,375
----------------------------- ----------------------------------------
d) Aggregated Information: N/A (Single transaction)
- Aggregated Volume
- Price
----------------------------- ----------------------------------------
e) Date of the Transaction: 14 September 2023
----------------------------- ----------------------------------------
f) Place of the Transaction: London Stock Exchange, AIM (LON:EME)
----------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Gaz Bisht
----------------------------- ----------------------------------------
2 Reason for the Notification
-----------------------------------------------------------------------
a) Position/Status: Technical Director
----------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment:
----------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Empyrean Energy Plc
----------------------------- ----------------------------------------
b) LEI: 213800ZRH1WBHEWDFA57
----------------------------- ----------------------------------------
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 Ordinary shares of 0.2p each ("Shares")
instrument, type of GB00B09G2351
instrument:
Identification code:
----------------------------- ----------------------------------------
b) Nature of the transaction: Issue of Salary Sacrifice Shares
----------------------------- ----------------------------------------
c) Price(s) and Volume(s): Price Volume
Nil 1,799,242
----------------------------- ----------------------------------------
d) Aggregated Information: N/A (Single transaction)
- Aggregated Volume
- Price
----------------------------- ----------------------------------------
e) Date of the Transaction: 14 September 2023
----------------------------- ----------------------------------------
f) Place of the Transaction: London Stock Exchange, AIM (LON:EME)
----------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jonathan Whyte
------------------------------ ---------------------------------------
2 Reason for the Notification
-----------------------------------------------------------------------
a) Position/Status: Company Secretary
------------------------------ ---------------------------------------
b) Initial notification/ Initial Notification
Amendment:
------------------------------ ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Empyrean Energy Plc
------------------------------ ---------------------------------------
b) LEI: 213800ZRH1WBHEWDFA57
------------------------------ ---------------------------------------
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 Warrants over ordinary shares of 0.2p
instrument, type of each ("Shares")
instrument: GB00B09G2351
Identification code:
------------------------------ ---------------------------------------
b) Nature of the transaction: Issue of Salary Sacrifice Shares
------------------------------ ---------------------------------------
c) Price(s) and Volume(s): Price Volume
Nil 488,976
------------------------------ ---------------------------------------
d) Aggregated Information: N/A (Single transaction)
- Aggregated Volume
- Price
------------------------------ ---------------------------------------
e) Date of the Transaction: 14 September 2023
------------------------------ ---------------------------------------
f) Place of the Transaction: London Stock Exchange, AIM (LON:EME)
------------------------------ ---------------------------------------
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END
DSHSFWFDLEDSEFU
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