Jadestone Energy plc (AIM:JSE) ("Jadestone"), 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
