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Jadestone Energy plc announced the award of 1,089,580 Restricted Shares, equivalent to US$300,000, to its Executive Chairman, Dr. Adel Chaouch. This award, dated 22 May 2025, has a three-year vesting period and was made following the achievement of Akatara field performance targets in April 2025.
| Date | 23 May 2025 |
| Time | 07:00:08 |
| Category | Director/PDMR dealings |
| ID | 8428J |
Award of Restricted Shares
23 May 2025 - Singapore: Jadestone Energy plc (AIM:JSE) (the "Company" and together with its subsidiaries, "Jadestone" or the "Group"), an independent upstream production and development company focused on the Asia-Pacific region, announces the award of 1,089,580 Restricted Shares (equivalent to US$300,000) with a three-year vesting period to Dr. Adel Chaouch, the Executive Chairman of the Company. The Restricted Shares award has been made in accordance with Dr. Chaouch's Executive Chairman contract, which includes an incentive relating to the performance of the Akatara field onshore Indonesia, with these targets being achieved in April 2025.
Dr. Chaouch is person discharging managerial responsibilities. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.
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: |
Dr. Adel Chaouch |
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2. |
Reason for the notification |
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a) |
Position/status:
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Executive Chairman |
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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
ISIN: GB00BLR71299 |
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b) |
Nature of the transaction: |
Restricted shares award |
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c) |
Price(s) and volume(s): |
1,089,580 restricted shares |
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d) |
Aggregated information: · Aggregated volume: · Price: |
1,089,580 restricted shares
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e) |
Date of the transaction: |
22 May 2025 |
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f) |
Place of the transaction: |
XOFF
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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 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 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 Group's strengths in managing maturing oil assets and developing discovered gas resources. 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.