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Jadestone Energy plc announced on 20 March 2025 that Executive Director and CFO Andrew Fairclough acquired 83,625 ordinary shares at 23.9 GBp per share on 18 March 2025, increasing his total holding to 0.02%. Non-Executive Director David Mendelson purchased 83,466 shares and his closely associated person, Sarah Mendelson, purchased 83,467 shares, both at 23.9 GBp per share on 19 March 2025, resulting in David Mendelson holding or being interested in 0.03% of the issued share capital.
| Date | 20 Mar 2025 |
| Time | 07:00:12 |
| Category | Director/PDMR dealings |
| ID | 4628B |
Director and PCA Share Dealings
20 March 2025 - Singapore: Jadestone Energy plc (AIM:JSE) ("Jadestone" or the "Company"), an independent upstream production and development company focused on the Asia-Pacific region, announces the following share dealings.
Andrew Fairclough, Executive Director and Chief Financial Officer of Jadestone, has acquired a total of 83,625 ordinary shares in the Company at an average price of 23.9 GBp per share. Following the transaction, Mr. Fairclough holds a total of 83,625 shares, which represents 0.02% of the Company's issued share capital.
David Mendelson, Non-Executive Director, has acquired a total of 83,466 ordinary shares in the Company at an average price of 23.9 GBp per share. Sarah Mendelson, a person closely associated with David Mendelson, has acquired a total of 83,467 ordinary shares in the Company at an average price of 23.9 GBp per share. Following these transactions, Mr. Mendelson holds or is interested in a total of 166,933 shares, which represents 0.03% of the Company's issued share capital.
The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below and give further details on the transactions described above.
DEALING NOTIFICATION FORMS FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Andrew Fairclough |
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2. |
Reason for the notification |
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a) |
Position/status:
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Executive Director and Chief Financial Officer |
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b) |
Initial notification/Amendment:
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Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Jadestone Energy Plc |
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b) |
LEI: |
21380076GWJ8XDYKVQ37 |
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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 |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of £0.001 each in the share capital of Jadestone Energy plc
ISIN: GB00BLR71299 |
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b) |
Nature of the transaction: |
Purchase of ordinary shares |
|
c) |
Price(s) and volume(s): |
23.90 GBp and 83,625 ordinary shares |
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d) |
Aggregated information: · Aggregated volume: · Price: |
83,625 ordinary shares 23.90 GBp |
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e) |
Date of the transaction: |
18 March 2025 |
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f) |
Place of the transaction: |
AIMX
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
David Mendelson |
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2. |
Reason for the notification |
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a) |
Position/status:
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Non-Executive Director |
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b) |
Initial notification/Amendment:
|
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Jadestone Energy Plc |
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b) |
LEI: |
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, type of instrument: Identification code: |
Ordinary shares of £0.001 each in the share capital of Jadestone Energy plc
ISIN: GB00BLR71299 |
|
b) |
Nature of the transaction: |
Purchase of ordinary shares |
|
c) |
Price(s) and volume(s): |
23.90 GBp and 83,466 ordinary shares |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
83,466 ordinary shares 23.90 GBp |
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e) |
Date of the transaction: |
19 March 2025 |
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f) |
Place of the transaction: |
LSE
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Sarah Mendelson |
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2. |
Reason for the notification |
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a) |
Position/status:
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Wife of David Mendelson, a Non-Executive Director |
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b) |
Initial notification/Amendment:
|
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|
a) |
Name |
Jadestone Energy Plc |
|
b) |
LEI: |
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, type of instrument: Identification code: |
Ordinary shares of £0.001 each in the share capital of Jadestone Energy plc
ISIN: GB00BLR71299 |
|
b) |
Nature of the transaction: |
Purchase of ordinary shares |
|
c) |
Price(s) and volume(s): |
23.90 GBp and 83,467 ordinary shares |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
83,467 ordinary shares 23.90 GBp |
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e) |
Date of the transaction: |
19 March 2025 |
|
f) |
Place of the transaction: |
LSE
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-ends-
For further information, please contact:
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Jadestone Energy plc |
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Phil Corbett, Head of Investor Relations |
+44 (0) 7713 687467 (UK) |
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Stifel Nicolaus Europe Limited (Nomad, Joint Broker) |
+44 (0) 20 7710 7600 (UK) |
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Callum Stewart |
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Jason Grossman |
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Ashton Clanfield |
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Peel Hunt LLP (Joint Broker) |
+44 (0) 20 7418 8900 (UK) |
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Richard Crichton |
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David McKeown |
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Georgia Langoulant |
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Camarco (Public Relations Advisor) |
+44 (0) 203 757 4980 (UK) |
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Billy Clegg |
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Georgia Edmonds |
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Poppy Hawkins |
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About Jadestone Energy
Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive upstream investment climate.
The Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such as at Akatara in Indonesia, Nam Du/U Minh in Vietnam and the Puteri Cluster offshore Malaysia, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.
Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.