Vesting of Share
Awards
8
November 2024 - Singapore: Jadestone Energy plc
(AIM:JSE) ("Jadestone" or the "Company"), an independent upstream
production company focused on the Asia-Pacific region, announces
that 250,000 restricted share awards (the "RS Awards") have vested
and an application 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 13 November 2024.
Total Voting Rights
Following admission of the RS
Awards, the Company will have 541,067,144 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 541,067,144.
This 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.
-ends-
For further information, please
contact:
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Jadestone Energy plc
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Paul Blakeley, President and
CEO
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+65 6324 0359 (Singapore)
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Andrew Fairclough, CFO
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Phil Corbett, Head of Investor
Relations
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+44 (0) 7713 687467 (UK)
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ir@jadestone-energy.com
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Stifel Nicolaus Europe Limited (Nomad, Joint
Broker)
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+44 (0) 20 7710 7600 (UK)
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Callum Stewart
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Jason Grossman
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Ashton Clanfield
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Peel
Hunt LLP (Joint Broker)
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+44 (0) 20 7418 8900 (UK)
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Richard Crichton
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David McKeown
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Georgia Langoulant
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Camarco (Public Relations Advisor)
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+44 (0) 203 757 4980 (UK)
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Billy Clegg
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jse@camarco.co.uk
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Georgia Edmonds
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Elfie Kent
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About Jadestone Energy
Jadestone Energy plc is an
independent upstream company focused on the Asia-Pacific
region. It has a balanced and increasingly diversified
portfolio of production and development assets in Australia,
Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions
with a positive upstream investment climate.
Led by an experienced management
team with a track record of delivery, who were core to the
successful growth of Talisman Energy's business in Asia-Pacific,
the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments
such as at Akatara in Indonesia, Nam Du/U Minh in Vietnam and the
SFA Cluster offshore Malaysia, as well as through acquisitions that
fit within Jadestone's financial framework and play to the
Company's strengths in managing maturing oil assets. Jadestone
delivers value in its acquisition strategy by enhancing returns
through operating efficiencies, cost reductions and increased
production through further investment.
Jadestone is a responsible operator
and well positioned for the energy transition through its
increasing gas production, by maximising recovery from existing
brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy
is aligned with the IEA Net Zero by 2050 scenario, which stresses
the necessity of continued investment in existing upstream assets
to avoid an energy crisis and meet demand for oil and gas through
the energy transition.
Jadestone Energy plc (LEI:
21380076GWJ8XDYKVQ37) is listed on the AIM market of the London
Stock Exchange (AIM: JSE). The Company is headquartered in
Singapore. For further information on the Company please
visit www.jadestone-energy.com.
The
information contained within this announcement is considered to be
inside information prior to its release, as defined in Article 7 of
the Market Abuse Regulation No. 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act
2018.