Exercise of Performance Rights and Issue of Equity
Mlp Ag
€5.28
18:34 22/03/17
31 July 2024
88 Energy Limited
Exercise of Performance Rights and Issue of Equity
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) announces that it has issued 41,140,000 New Ordinary Shares in the Company to Ashley Gilbert, Managing Director of the Company, following the exercise of performance rights.
Following the issue of the New Ordinary Shares Ashley Gilbert now holds a total of 41,140,000 ordinary shares, representing 0.14% of the issued share capital of the Company.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"), with Admission expected to take place at 8.00 a.m. on 6 August 2024.
Following the issue of the New Ordinary Shares, the Company has a total of 28,933,811,952 ordinary shares on issue, all of which have voting rights. The figure of 28,933,811,952 ordinary shares 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 of their interest in, the Company.
Media and Investor Relations:
88 Energy Ltd Ashley Gilbert, Managing Director | |
Tel: +61 8 9485 0990 Email:[email protected] | |
Fivemark Partners, Investor and Media Relations | |
Michael Vaughan | Tel: +61 422 602 720 |
EurozHartleys Ltd | |
Dale Bryan | Tel: + 61 8 9268 2829 |
Cavendish Capital Markets Limited | Tel: +44 (0)207 220 0500 |
Derrick Lee | Tel: +44 (0)131 220 6939 |
Pearl Kellie | Tel: +44 (0)131 220 9775 |
The information in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
1 | Details of PDMR/person closely associated with them ("PCA") | |||||
1.1 | Name | Ashley Gilbert | ||||
1.2 | Position/Status | Managing Director | ||||
1.3 | Initial notification / amendment | Initial notification | ||||
2 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
2.1 | Name | 88 Energy Limited | ||||
2.2 | LEI | 213800YFW5171TD69V35 | ||||
3 | 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 | |||||
3.1 | Description of the financial instrument Identification code | Ordinary shares
| ||||
3.2 | Nature of the transaction | Exercise of performance rights / acquisition of fully paid ordinary shares, through the Company's long tern incentive scheme | ||||
3.3 | Price(s) and volume(s) |
| ||||
3.4 | Aggregated information · Aggregated volume · Price |
41,140,000
nil | ||||
3.5 | Date of the transaction | 31 July 2024 | ||||
3.6 | Place of the transaction | Outside of a trading venue | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.