Jadestone Energy Inc. Announces Exercise of Share Options and Admission of Shares

Rhea-AI Summary

Jadestone Energy Inc. announces the issuance of 958,333 new common shares due to the exercise of stock options between January 22, 2019, and January 14, 2021. These shares will be admitted to trading on AIM, effective February 10, 2021, increasing the total common shares to 461,967,811. This adjustment impacts shareholders' calculations under the FCA's Disclosure and Transparency Rules. Jadestone operates a range of oil and gas assets across the Asia Pacific, focusing on growth through strategic acquisitions.

Positive

• Issuance of 958,333 new common shares signals employee confidence and aligns interests.
• Increase in total shares to 461,967,811 enhances trading liquidity.

Negative

• None.

Exercise of Share Options and Admission of New Common Shares

SINGAPORE, SINGAPORE / ACCESSWIRE / February 5, 2021 / Jadestone Energy Inc. (AIM:JSE) ("Jadestone", or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, announces that it has issued 958,333 new common shares of no par value in the Company (the "New Common Shares") pursuant to the exercise of options by existing and former employees under its Stock Option Plan between January 22, 2019 and January 14, 2021.

Application has been made for the 958,333 New Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on February 10, 2021.

The total number of common shares in issue following Admission will be 461,967,811, each of which carries the right to one vote. There are no shares held in treasury. This figure 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 to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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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
Robin Martin, Investor Relations Manager	ir@jadestone-energy.com
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Simon Mensley
Ashton Clanfield
BMO Capital Markets Limited (Joint Broker)	+44 (0) 20 7236 1010 (UK)
Thomas Rider
Jeremy Low
Camarco (Public Relations Advisor)	+44 (0) 203 757 4980 (UK)
Georgia Edmonds	jse@camarco.co.uk
Billy Clegg
James Crothers

About Jadestone Energy

Jadestone Energy Inc. is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Indonesia and Vietnam.

The Company has a 100% operated working interest in the Stag oilfield and the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.

In addition, the Company has executed a sale and purchase agreement to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand, and anticipates completing the transaction in H1 2021, upon receipt of customary approvals.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia Pacific region.

Jadestone Energy Inc. is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

This announcement does not contain inside information.

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/628047/Jadestone-Energy-Inc-Announces-Exercise-of-Share-Options-and-Admission-of-Shares

FAQ

What is the significance of the 958,333 new common shares issued by Jadestone Energy Inc.?

The issuance reflects employee stock options exercised and aims to align interests, potentially enhancing shareholder value.

When will the new common shares of Jadestone Energy Inc. be admitted to trading?

The new common shares will be admitted to trading on AIM on February 10, 2021.

How many total common shares will Jadestone Energy Inc. have after the new shares are issued?

After the issuance, Jadestone Energy Inc. will have a total of 461,967,811 common shares outstanding.