Jadestone Energy Inc Announces Exercise of Options and Director Share Dealing

Rhea-AI Summary

Jadestone Energy Inc. (AIM:JSE) announced on March 19, 2021, that CEO A. Paul Blakeley exercised options for 1,500,000 common shares. This includes 500,000 shares at CAD 0.49 and 1,000,000 shares at CAD 0.47, totaling an expenditure of CAD 715,000. Following this transaction, Blakeley holds 4,232,798 shares, representing 0.91% of the company's issued share capital. This announcement adheres to UK Market Abuse Regulation requirements.

Positive

• CEO A. Paul Blakeley acquired 1,500,000 shares, showcasing his confidence in the company's future.
• Total shares held by Blakeley increased to 4,232,798, reflecting a significant personal investment.

Negative

• None.

SINGAPORE / ACCESSWIRE / March 19, 2021 / Jadestone Energy Inc. (AIM:JSE) (the "Company" or "Jadestone"), an independent oil and gas production company focused on the Asia Pacific region, announces that on 19 March 2021, A. Paul Blakeley, a Director, President and Chief Executive Officer of Jadestone, exercised options over a total of 1,500,000 common shares ("New Shares"), being 500,000 common shares with the exercise price of CAD 0.49 per share and 1,000,000 common shares with the exercise price of CAD 0.47 per share.

Following his acquisition of the New Shares, Mr. Blakeley will hold a total of 4,232,798 common shares, which represents 0.91% of the Company's issued share capital.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below and gives further details on the transaction described above.

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:	A. Paul Blakeley
2.	Reason for the notification
(a)	Position/status:	Executive Director, President and 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:	Jadestone Energy Inc.
(b)	LEI:	254900E4GCXW63X26Q32
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:	Common shares of no par value in Jadestone Energy Inc. ISIN: CA46989Q1000
(b)	Nature of the transaction:	Exercise of options to acquire a total of 1,500,000 common shares
(c)	Price(s) and volume(s):	CAD 0.49 per share 500,000 options CAD 0.47 per share 1,000,000 options
(d)	Aggregated information: - Aggregated volume: - Price:	1,500,000 options CAD 715,000.00
(e)	Date of the transaction:	19 March 2021
(f)	Place of the transaction:	XLON

For further information, please contact:

Jadestone Energy Inc.	+65 6324 0359 (Singapore)
Paul Blakeley, President and CEO	+44 7392 940 495 (UK)
Dan Young, CFO	ir@jadestone-energy.com
Robin Martin, Investor Relations Manager
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Jason Grossman
Ashton Clanfield
BMO Capital Markets Limited (Joint Broker)	+44 (0) 20 7236 1010 (UK)
Thomas Rider
Camarco (Public Relations Advisor)	+44 (0) 203 757 4980 (UK)
Georgia Edmonds	jse@camarco.co.uk
Billy Clegg
James Crothers

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Jadestone Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/636378/Jadestone-Energy-Inc-Announces-Exercise-of-Options-and-Director-Share-Dealing

FAQ

What options did Jadestone Energy CEO A. Paul Blakeley exercise on March 19, 2021?

On March 19, 2021, A. Paul Blakeley exercised options for 1,500,000 common shares at CAD 0.49 and CAD 0.47.

How many shares does A. Paul Blakeley own after his recent exercise of options?

After the transaction, A. Paul Blakeley owns 4,232,798 common shares, representing 0.91% of Jadestone Energy's issued share capital.

What was the total cost for A. Paul Blakeley to exercise the options for Jadestone Energy shares?

The total cost for A. Paul Blakeley to exercise the options was CAD 715,000.

What is the significance of A. Paul Blakeley's share acquisition for Jadestone Energy investors?

A. Paul Blakeley's share acquisition indicates strong confidence in the company's potential, which can positively influence investor sentiment.