Grant of Awards under the Star Energy Group plc Executive Incentive Plan

Source: www.gulfoilandgas.com 9/19/2023, Location: Europe

The Company announces that it has issued options under a long-term incentive plan to certain Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group.

The individual's award will vest and become exercisable on the first anniversary of the date of grant of the options, 14 September 2023, subject to continued employment. The awards will vest on the condition that a share price of at least 15p is achieved.

The grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share under the Company's Executive Incentive Plan (the "Plan"), which was adopted by the Board on 16 March 2016, are as set out below:

The options are subject to malus and clawback provisions contained in the rules of the Plan.

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.


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