⌘K
t
RNS Announcement
30 October 2024
AIM: SYN
Issue of Options
Synergia Energy Ltd (Synergia Energy or the Company) advises that it has issued unlisted nil-cost options (NCOs) over 249,958,815 shares in the Company to the Company's three eligible executives (individually a Participant and collectively the Participants) in accordance with the Company's short-term incentive plan and recommendations by the Company's Remuneration Committee for the period of 1 January 2023 to 30 June 2024.
The quantum of NCOs calculated is based on the Company's VWAP (Volume Weighted Average Price) from 1 August 2024, to 29 October 2024 (the last trading day prior to the announcement of the awards) at 0.0947 pence.
The allocation is as follows:
|
Participant |
Position |
STIP award |
Nil-cost options awarded |
|
Roland Wessel |
CEO |
£110,214 |
116,382,259 |
|
Ashish Khare |
Head - India Assets |
£58,962 |
62,261,879 |
|
Colin Judd |
CFO |
£67,535 |
71,314,677 |
The nil-cost options are exercisable by the Participants on or before 31 October 2029.
PDMR Dealing Notification
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
1. Roland Wessel 2. Ashish Khare 3. Colin Judd |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status |
1. Chief Executive Officer 2. Head - India Assets 3. Chief Financial Officer |
|||
|
b) |
Initial notification /Amendment |
Initial notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Synergia Energy Limited |
|||
|
b) |
LEI |
213800S292RJZ97HRR83 |
|||
|
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 |
Options over ordinary shares of no par value each in the share capital of Synergia Energy Limited |
|||
|
|
|
||||
|
Identification code |
AU0000233538
|
||||
|
|
|
||||
|
b) |
Nature of the transaction |
Issue of share Options |
|||
|
c) |
Price(s) and volume(s) |
|
|||
|
|
|
Exercise Price |
Volume |
|
|
|
|
|
1. 0.0947 pence |
116,382,259 |
|
|
|
|
|
2. 0.0947 pence |
62,261,879 |
|
|
|
|
|
3. 0.0947 pence |
71,314,677 |
|
|
|
|
|
|
|
|
|
|
d) |
Aggregated information |
n/a |
|||
|
|
|
||||
|
- Aggregated volume |
|
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e) |
Date of the transaction |
30 October 2024 |
|||
|
f) |
Place of the transaction |
Outside of a trading venue |
|||
For and on behalf of Synergia Energy Limited
Anshu Raghuvanshi
Company Secretary
For further information, please contact:
|
Investor Enquires Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia |
AIM Joint Broker Panmure Liberum Ltd Broker Mark Murphy / Rauf Munir / Freddie Wooding Tel: +44 (0)20 7886 2500 UK |
AIM Joint Broker Novum Securities Broker Colin Rowbury Email: crowbury@novumsecurities.com Tel: +44 20 7399 9427 UK |
AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Ritchie Balmer / Rory Murphy Tel: +44 20 7409 3494 UK |
Media Enquires (UK) Vigo Consulting Investor Relations Patrick d'Ancona / Finlay Thomson Email: patrick.dancona@vigoconsulting.com finlay.thomson@vigoconsulting.com Tel:+ 44 20 7390 0230 UK |
On 30 October 2024, Synergia Energy Ltd issued a total of 249,958,815 unlisted nil-cost options (NCOs) to its three eligible executives. These NCOs were allocated as 116,382,259 to Roland Wessel (CEO), 62,261,879 to Ashish Khare (Head - India Assets), and 71,314,677 to Colin Judd (CFO). The options are exercisable until 31 October 2029 and were calculated based on a volume-weighted average price of 0.0947 pence.
| Date | 30 Oct 2024 |
| Time | 13:00:00 |
| Category | Capital structure |
| ID | 2545K |