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On 23 February 2026, Block Energy plc announced the issue of 30,428,200 ordinary shares and the grant of 9,231,083 nil-cost options as bonus awards for FY2025 performance, determined by its Remuneration Committee using a January 2026 VWAP of 0.93p per share. CEO Paul Haywood received 25,922,903 shares, bringing his total holding to 15.30% of the issued share capital, while COO Guram Maisuradze received 5,257,666 options. Admission of the new shares to AIM is expected around 27 February 2026, resulting in a total of 1,046,172,039 voting rights.
| Date | 23 Feb 2026 |
| Time | 07:00:13 |
| Category | Miscellaneous |
| ID | 9913T |
23 February 2026
Block Energy plc
("Block" or the "Company")
Issue of Bonus Shares and Options and PDMR Dealings
Block operates a performance related scheme ("Scheme") for senior executives within the Company. Awards under the Scheme are determined by the Remuneration Committee ("RemCom") and typically made in February for the previous year. Awards can be made in cash, shares or by the issue of nil-cost options at the discretion of the RemCom.
Following a review of performance against established Key Performance Indicators for the financial year ended 31 December 2025 ("FY2025"), the RemCom has determined that bonus awards are to be granted to a Director, one PDMR and members of staff.
Following consultations with the Director, the PDMR and relevant employees, the RemCom has elected to settle the bonuses by way of issue of 30,428,200 ordinary shares of 0.25p each ("Ordinary Shares") and 9,231,083 nil-cost options over Ordinary Shares ("Options"). As in the last two years, the number of Ordinary Shares and Options has been determined by dividing the respective bonus by the Volume Weighted Average Price ("VWAP") of the Company's Ordinary Shares for January 2026 which equals 0.93p per Ordinary Share, (prior year January 2025 VWAP used for the Bonus calculation was 0.7385p).
Issue of Shares and Options
The issue of Shares and Options to the Director and the PDMR are set out in the table below:
|
Name |
Position |
Number of Shares Issued |
Number of Options Granted |
Resulting Total Options Held Over Ordinary Shares |
Total Ordinary Shares Following Award |
Resulting % of Issued Share Capital |
|
Paul Haywood |
CEO |
25,922,903 |
- |
- |
160,062,808 |
15.30% |
|
Guram Maisuradze |
COO |
- |
5,257,666 |
5,257,666 |
7,009,636* |
0.67% |
*only Options were granted which has not affected the Total Ordinary Shares number
Application will be made for the admission to trading on AIM ("Admission") of the 30,428,200 Ordinary Shares. The Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company.
Admission is expected at 8.00 a.m. on or around 27 February 2026.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 1,046,172,039 ordinary shares with one voting right each. As the Company does not hold any shares in Treasury, the total number of voting rights in the Company is 1,046,172,039.
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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
ENDS
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Paul Haywood |
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2
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Reason for the notification
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a)
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Position/status
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CEO |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Block Energy plc |
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b)
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LEI
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213800E2J8QA1J6KN415
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of £0.0025 each
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Identification code |
GB00BF3TBT48 |
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b)
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Nature of the transaction
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1) Issue of Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£0.0093 |
25,922,903 |
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d)
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Aggregated information - Aggregated volume - Price |
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e)
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Date of the transaction
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20 February 2026 |
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f)
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Place of the transaction
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London, AIM |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs")
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Guram Maisuradze |
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2
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Reason for the notification
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a)
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Position/status
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COO |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Block Energy plc |
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b)
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LEI
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213800E2J8QA1J6KN415
|
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of £0.0025 each
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Identification code |
GB00BF3TBT48 |
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b)
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Nature of the transaction
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1) Grant of Share Options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil cost |
5,257,666 |
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d)
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Aggregated information - Aggregated volume - Price |
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e)
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Date of the transaction
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20 February 2026 |
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f)
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Place of the transaction
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London, AIM |
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TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: |
Block Energy Plc |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify) iii: |
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3. Details of person subject to the notification obligation iv |
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Name |
Paul Haywood |
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City and country of registered office (if applicable) |
Dubai, UAE |
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4. Full name of shareholder(s) (if different from 3.) v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached vi: |
20 February 2025 |
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6. Date on which issuer notified (DD/MM/YYYY): |
22 February 2025 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer (8.A + 8.B) vii |
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Resulting situation on the date on which threshold was crossed or reached |
15.3% |
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15.3% |
160,062,808 |
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Position of previous notification (if applicable) |
13.3% |
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13.3% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rights ix |
% of voting rights |
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Direct (DTR5.1) |
Indirect (DTR5.2.1) |
Direct (DTR5.1) |
Indirect (DTR5.2.1) |
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GB00BF3TBT48 |
160,062,808 |
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15.3% |
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SUBTOTAL 8. A |
160,062,808 |
15.3% |
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B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash Settlement xii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii |
X |
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Full chain of controlled undertakings through which the voting rights and/or the |
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Name xv |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional information xvi |
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Place of completion |
Outside a trading venue |
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Date of completion |
22 February 2025 |