Jadestone Energy PLC Announces Exercise of Options and Director Share Dealing

Rhea-AI Summary

Jadestone Energy (OTC PINK:JADSF) reported that on December 17, 2021, CFO Dan Young exercised options totaling 1,700,000 shares. The exercise was comprised of various ordinary shares at prices between GBP 0.2763 and GBP 0.4883. Following net settlement, Young acquired 961,660 shares at GBP 0.001 each, raising his total holdings to 1,179,579 shares, representing 0.25% of the company's capital. This notification complies with UK Market Abuse Regulation.

Positive

• CFO Dan Young exercises options on 1,700,000 shares, indicating insider confidence.
• Following the exercise, Young holds a total of 1,179,579 shares, representing 0.25% of total equity.

Negative

• None.

SINGAPORE / ACCESSWIRE / December 20, 2021 / Jadestone Energy plc (the "Company" or "Jadestone") (TSX:JSE)(OTC PINK:JADSF), an independent oil and gas production company focused on the Asia-Pacific region, announces that on 17 December 2021, Dan Young, an Executive Director and Chief Financial Officer of Jadestone, exercised options over a total of 1,700,000 shares, being 650,000 ordinary shares with the exercise price of GBP 0.2801 per share, 300,000 ordinary shares with the exercise price of GBP 0.2763 per share, 250,000 ordinary shares with the exercise price of GBP 0.3558 per share and 500,000 ordinary shares with the exercise price of GBP 0.4883 per share.

The option exercise was net settled, resulting in the issue of 961,660 ordinary shares against payment of £0.001 per share by Mr. Young.

Following this transaction, Mr. Young will hold a total of 1,179,579 ordinary shares, which represents 0.25% 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.

1	Details of PDMR / person closely associated with them ("PCA")
(a)	Name	Daniel Patrick Young
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
(a)	Name	Jadestone Energy plc
(b)	Legal Entity Identifier code	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	Ordinary shares of £0.001
(b)	Identification Code	GB00BLR71299
(c)	Nature of the transaction	a) Exercise of options to acquire 650,000 ordinary shares at £0.2801 per share b) Exercise of options to acquire 300,000 ordinary shares at £0.2763 per share c) Exercise of options to acquire 250,000 ordinary shares at £0.3558 per share d) Exercise of options to acquire 500,000 ordinary shares at £0.4883 per share e) Disposal of 738,340 ordinary shares under net settlement arrangement at £0.81 per share f) Purchase of 961,660 ordinary shares against payment of £0.001 per share by the option holder
(d)	Currency	GBP
(e)	Price(s) and volume(s)	Price(s) Volume(s) a) £0.2801 650,000 b) £0.2763 300,000 c) £0.3558 250,000 d) £0.4883 500,000 e) £0.81 738,340 f) £0.001 961,660
(f)	Aggregated information	961,660 ordinary shares purchased at a price of £0.001
(g)	Date of the transaction	17 December 2021
(h)	Place of the transaction	Outside of a trading venue

For further information, please contact:

Jadestone Energy plc
Paul Blakeley, President and CEO	+65 6324 0359 (Singapore)
Dan Young, CFO
Phil Corbett, Investor Relations Manager	+44 7713 687467 (UK)
	ir@jadestone-energy.com
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Jason Grossman
Ashton Clanfield
Jefferies International Limited (Joint Broker)	+44 (0) 20 7029 8000 (UK)
Tony White
Will Soutar
Camarco (Public Relations Advisor)	+44 (0) 203 757 4980 (UK)
Billy Clegg	jse@camarco.co.uk
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 PLC

View source version on accesswire.com:
https://www.accesswire.com/678623/Jadestone-Energy-PLC-Announces-Exercise-of-Options-and-Director-Share-Dealing

FAQ

What options did CFO Dan Young exercise for Jadestone Energy (JADSF) on December 17, 2021?

On December 17, 2021, Dan Young exercised options totaling 1,700,000 shares at various prices, reflecting an investment in the company.

How many shares does Dan Young hold in Jadestone Energy after exercising options?

After exercising options, Dan Young holds 1,179,579 ordinary shares, which is 0.25% of Jadestone Energy's issued share capital.

What was the exercise price range for the options exercised by the CFO of Jadestone Energy?

The exercise prices for the options exercised by Dan Young ranged from GBP 0.2763 to GBP 0.4883 per share.

Why was a notification made regarding Dan Young's share dealings in Jadestone Energy?

The notification was made in accordance with the UK Market Abuse Regulation, which requires disclosure of significant share dealings by company executives.