Vesting and Awards of
Restricted Shares
6
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.
Total Voting Rights
Following 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.
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.
Awards of Restricted Shares
Following 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.
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONS
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
(a)
|
Name:
|
Adel Chaouch
|
|
2.
|
Reason for the notification
|
|
(a)
|
Position/status:
|
Executive Chairman
|
|
(b)
|
Initial notification/
amendment:
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
(a)
|
Name:
|
Jadestone Energy plc
|
|
(b)
|
LEI:
|
21380076GWJ8XDYKVQ37
|
|
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
instrument, type of instrument:
Identification code:
|
Ordinary shares of £0.001
GB00BLR71299
|
|
(b)
|
Nature of the
transaction:
|
Restricted shares award
|
|
(c)
|
Price(s) and volume(s):
|
940,000 restricted shares
|
|
(d)
|
Aggregated information:
- Aggregated volume:
- Price:
|
940,000 restricted shares
-
|
|
(e)
|
Date of the transaction:
|
6 December 2024
|
|
(f)
|
Place of the transaction:
|
AIMX
|
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONS
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
(a)
|
Name:
|
Andrew J. Fairclough
|
|
2.
|
Reason for the notification
|
|
(a)
|
Position/status:
|
Executive Director and Chief
Financial Officer
|
|
(b)
|
Initial notification/
amendment:
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
(a)
|
Name:
|
Jadestone Energy plc
|
|
(b)
|
LEI:
|
21380076GWJ8XDYKVQ37
|
|
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
instrument, type of instrument:
Identification code:
|
Ordinary shares of £0.001
GB00BLR71299
|
|
(b)
|
Nature of the
transaction:
|
Restricted shares award
|
|
(c)
|
Price(s) and volume(s):
|
302,000 restricted shares
|
|
(d)
|
Aggregated information:
- Aggregated volume:
- Price:
|
302,000 restricted shares
-
|
|
(e)
|
Date of the transaction:
|
6 December 2024
|
|
(f)
|
Place of the transaction:
|
AIMX
|
-ends-
For further information, please
contact:
|
Jadestone Energy plc
|
|
|
Phil Corbett, Head of Investor
Relations
|
+44 (0) 7713 687467 (UK)
|
|
|
ir@jadestone-energy.com
|
|
|
|
|
Stifel Nicolaus Europe Limited (Nomad, Joint
Broker)
|
+44 (0) 20 7710 7600 (UK)
|
|
Callum Stewart
|
|
|
Jason Grossman
|
|
|
Ashton Clanfield
|
|
|
|
|
|
Peel
Hunt LLP (Joint Broker)
|
+44 (0) 20 7418 8900 (UK)
|
|
Richard Crichton
|
|
|
David McKeown
|
|
|
Georgia Langoulant
|
|
|
|
|
|
Camarco (Public Relations Advisor)
|
+44 (0) 203 757 4980 (UK)
|
|
Billy Clegg
|
jse@camarco.co.uk
|
|
Georgia Edmonds
|
|
|
Elfie Kent
|
|
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.
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 PNLP 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.