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Star Energy Group plc announced on 19 September 2023 the grant of nil cost options under its Executive Incentive Plan to certain Directors, PDMRs, and other key employees. On 14 September 2023, CEO Chris Hopkinson and CFO Frances Ward each received awards over 185,000 ordinary shares. These options vest on the first anniversary of the grant date, subject to continued employment and a share price of at least 15p.
| Date | 19 Sept 2023 |
| Time | 07:00:06 |
| Category | Director/PDMR dealings |
| ID | 8280M |
19 September 2023
Star Energy Group plc (AIM: STAR)
("Star Energy" or "the Company" or "the Group")
Grant of awards under the Star Energy Group plc Executive Incentive Plan
The Company announces that it has issued options under a long-term incentive plan to certain Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group.
The individual's award will vest and become exercisable on the first anniversary of the date of grant of the options, 14 September 2023, subject to continued employment. The awards will vest on the condition that a share price of at least 15p is achieved.
The grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share under the Company's Executive Incentive Plan (the "Plan"), which was adopted by the Board on 16 March 2016, are as set out below:
|
Name of Director/PDMR |
Position |
Number of Ordinary Shares subject to Award |
|
Chris Hopkinson |
Chief Executive Officer |
185,000 |
|
Frances Ward |
Chief Finance Officer |
185,000 |
The options are subject to malus and clawback provisions contained in the rules of the Plan.
This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.
For further information please contact:
Star Energy Group plc
Tel: +44 (0)20 7993 9899
Ann-marie Wilkinson, Chief of Staff
Investec Bank plc (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7597 5970
Virginia Bull/Chris Sim
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting
Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill
The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:
|
1 |
Details of Director/ PDMR / person closely associated |
|
|
a) |
Name |
Christopher Hopkinson |
|
2 |
Reason for the notification |
|
|
a) |
Position / status |
Chief Executive Officer
|
|
b) |
Initial notification /amendment |
Initial notification |
|
3 |
Details of the issuer |
|
|
a) |
Name |
Star Energy Group plc |
|
b) |
LEI |
213800S8WP2L294NR559 |
|
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 0.002p each |
|
b) |
Identification code of the Financial Instrument |
ISIN for Star Energy Group plc: GB00BZ042C28 |
|
c) |
Nature of the transaction |
Grant of nil cost options by the Company under the Company's EIP |
|
d) |
Price(s) and volume(s) |
Price / Volume |
|
|
|
(i) £nil / 185,000 |
|
e) |
Aggregated information |
N/A |
|
|
- Aggregated volume |
|
|
|
- Price |
|
|
f) |
Date of the transaction |
14 September 2023 |
|
g) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of Director/ PDMR / person closely associated |
|
|
a) |
Name |
Frances Ward |
|
2 |
Reason for the notification |
|
|
a) |
Position / status |
Chief Financial Officer
|
|
b) |
Initial notification /amendment |
Initial notification |
|
3 |
Details of the issuer |
|
|
a) |
Name |
Star Energy Group plc |
|
b) |
LEI |
213800S8WP2L294NR559 |
|
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 0.002p each |
|
b) |
Identification code of the Financial Instrument |
ISIN for Star Energy Group plc: GB00BZ042C28 |
|
c) |
Nature of the transaction |
Grant of nil cost options by the Company under the Company's EIP |
|
d) |
Price(s) and volume(s) |
Price / Volume |
|
|
|
(i) £nil / 185,000 |
|
e) |
Aggregated information |
N/A |
|
|
- Aggregated volume |
|
|
|
- Price |
|
|
f) |
Date of the transaction |
14 September 2023 |
|
g) |
Place of the transaction |
Outside a trading venue |