Synergia Energy Ltd Option Exercise, Placing Update and TVR
20 November 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8529M
Synergia Energy Ltd
20 November 2024
RNS
Announcement
20 November 2024
AIM: SYN
Option Exercise, Placing
Update and TVR
Synergia Energy Ltd (Synergia Energy or the Company) refers to its announcement on
4 April 2023 and 30 October 2024, regarding issuing unlisted
nil-cost options (NCOs) in
the Company to the Company's three eligible executives
(individually a Participant
and collectively the Participants) in accordance with the
Company's short-term incentive plan and recommendations by the
Company's Remuneration Committee.
The Company has now received a
notice to exercise options from the Participants
as per the below table:
|
Participant
|
Position
|
Security
|
Exercise Price
|
No. of Options
|
|
Roland Wessel
|
CEO
|
Nil-cost options
expiring 01/04/2028
|
Nil
|
27,272,727
|
|
Nil-cost options
expiring 31/10/2029
|
Nil
|
116,382,259
|
|
Ashish Khare
|
Head - India
Assets
|
Nil-cost options expiring
01/04/2028
|
Nil
|
16,255,208
|
|
Nil-cost options
expiring 31/10/2029
|
Nil
|
62,261,879
|
|
Colin Judd
|
Former CFO
|
Nil-cost options expiring
01/04/2028
|
Nil
|
18,200,000
|
|
Nil-cost options
expiring 31/10/2029
|
Nil
|
71,314,677
|
Application has been made for the admission of
the 311,686,750 new ordinary shares pursuant to the exercise of
options (the NCO
Shares) to trading on AIM. The NCO Shares will
rank pari passu with the
existing shares and it is expected that admission will become
effective on or around 8.00 a.m. on 22 November 2024.
Equity
Issue
Further to the Company's announcement on 5
November 2024, application has also been made to the London Stock
Exchange for the 2,021,180,000 New Shares (as defined in the
announcement on 5 November 2024) to be admitted to trading on AIM.
The New Shares will rank pari
passu with the existing shares and it is expected that
admission will become effective on or around 8.00 a.m. on 22
November 2022.
Total Voting
Rights
Following admission to trading on AIM of the
NCO Shares and New Shares, the Company's share capital and total
voting rights will comprise 13,071,741,779 shares. The Company does
not hold any shares in treasury. Consequently, 13,071,741,779 is
the figure which 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 the
Company under the FCA's Disclosure and Transparency
Rules.
New total
shareholding of each director after the issue of shares will be as
mentioned below:
|
Name of
Director
|
Number of
shares
|
|
Roland
Wessel
|
143,654,986 (1.10%)
|
|
Ashish
Khare
|
78,517,087 (0.60%)
|
PDMR
Dealing Notifications
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Roland Wessel
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial Notification Amendment
|
Initial Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Synergia Energy Limited
|
|
b)
|
LEI
|
213800S292RJZ97HRR83
|
|
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
AU0000233538
|
|
b)
|
Nature of the transaction
|
Exercise of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
143,654,986
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: n/a
Aggregated price: n/a
|
|
e)
|
Date of the transaction
|
15 November 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Ashish Khare
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Head of India Assets
|
|
b)
|
Initial Notification Amendment
|
Initial Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Synergia Energy Limited
|
|
b)
|
LEI
|
213800S292RJZ97HRR83
|
|
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
AU0000233538
|
|
b)
|
Nature of the transaction
|
Exercise of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
78,517,087
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: n/a
Aggregated price: n/a
|
|
e)
|
Date of the transaction
|
15 November 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
|
For and on
behalf of Synergia Energy Limited
Roland Wessel
CEO
For further information, please
contact:
|
Investor Enquires
Synergia Energy Ltd
Briana Stayt
Investor Relations
Email:
bstayt@synergiaenergy.com
Tel: +61 8 9485 3200
Australia
|
AIM
Joint Broker
Panmure Liberum Ltd
Broker
Mark Murphy / Rauf Munir / Freddie
Wooding
Tel: +44 (0)20 7886 2500
UK
|
AIM
Joint Broker
Novum Securities
Broker
Colin Rowbury
Email:
crowbury@novumsecurities.com
Tel: +44 20 7399 9427
UK
|
AIM
Nominated Adviser
Strand Hanson Limited
Nominated Adviser
Ritchie Balmer / Rory
Murphy
Tel: +44 20 7409 3494
UK
|
Media Enquires (UK)
Vigo Consulting
Investor Relations
Patrick d'Ancona / Finlay
Thomson
Email:
patrick.dancona@vigoconsulting.com
finlay.thomson@vigoconsulting.com
Tel:+ 44 20 7390 0230
UK
|
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