The Company announces that an application has been made to the London Stock Exchange for a total of 170,290 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of London Stock Exchange ("AIM") under the Star Energy Group plc Share Incentive Plan ("SIP"). Subject to admission, the SIP Shares will be held by Equiniti Share Plan Trustees Limited (the "SIP Trustees").
The number of shares to be issued under the SIP has been calculated with reference to the mid-market closing price of 7.00p on 21 October 2024, in accordance with the rules of the SIP. The SIP Shares shall rank equally with the existing issued shares of the Company. It is expected that admission to AIM will become effective on or around 13 November 2024.
Details of the subscription and allocation under the SIP by Persons Discharging Managerial Responsibility ("PDMR") for the quarter are set out below.
PDMR: Frances Ward
Share subscription under the SIP: 2,143
Matching Allocation: 2,143
Resulting Voting Rights: 4,286
Total Resulting Voting Rights (%): 0.10%
PDMR: Ross Glover
Share subscription under the SIP: 2,142
Matching Allocation: 2,142
Resulting Voting Rights: 4,284
Total Resulting Voting Rights (%): 0.23%
The issued share capital of the Company following the above detailed issue of shares will be 129,714,159 Ordinary Shares; the number of deferred shares remains 303,305,534. The total number of voting rights in Star Energy will be 129,714,159 Ordinary Shares, which 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 Star Energy under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Further details on the SIP are set out in the appendix to this announcement
