6 August 2018
TomCo Energy plc (AIM: TOM)
("TomCo" or the "Company")
Granting of Share Options / PDMR Dealing
TomCo Energy plc, the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, announces it has granted options to subscribe for, in aggregate, 5,142,855 new ordinary shares of no par value each in the Company ("Ordinary Shares") ("Options").
The Options have been granted to the Company's Executive Directors under an Enterprise Management Incentives Share Option Plan ("EMI Scheme") and to the Company's Non-executive Directors under an unapproved scheme and have an exercise price of 5.25 pence per share, being the closing price on the date of grant.
Following this grant of the Options, the Directors will be interested in the following number of ordinary shares and options:
Director |
Number of ordinary shares |
Number of Options granted and resulting number of options held |
Andrew Jones |
7,670 |
2,666,666 |
John Potter |
- |
1,714,285 |
Alexander Benger |
- |
380,952 |
Malcolm Groat |
- |
380,952 |
The Options are exercisable for five years from the date of vesting and will vest on the following basis:
· One-third on or after 30 November 2018;
· One-third on or after 30 November 2019; and
· One-third on or after 30 November 2020.
The 5,142,855 Options represent, in aggregate, approximately 8.3% of the Company's current issued share capital.
Enquiries:
TomCo Energy plc
Andrew Jones (Chairman) +44 (0) 20 3823 3635
John Potter (CEO)
Strand Hanson Limited (Nominated Adviser)
James Harris +44 (0) 20 7409 3494
Richard Tulloch
James Dance
SVS Securities plc (Broker)
Tom Curran +44 (0) 20 3700 0093
Ben Tadd
Lionsgate Communications (Financial PR)
Jonathan Charles +44 (0) 20 3697 1209
For further information, please visit www.tomcoenergy.uk.com
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
ANDREW JONES |
2 |
Reason for the notification |
a) |
Position/status |
EXECUTIVE CHAIRMAN |
b) |
Initial notification /Amendment |
Initial |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
TomCo Energy plc |
b) |
LEI |
213800FEW97Y1CD38B95 |
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 no par value ISIN: IM00BZBXMN96 |
b) |
Nature of the transaction |
Grant of share options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Exercise price of 5.25 pence per share |
2,666,666 |
d |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
e) |
Date of the transactions |
3 August 2018 |
f) |
Place of the transactions |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
JOHN POTTER |
2 |
Reason for the notification |
a) |
Position/status |
CEO |
b) |
Initial notification /Amendment |
Initial |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
TomCo Energy plc |
b) |
LEI |
213800FEW97Y1CD38B95 |
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 no par value ISIN: IM00BZBXMN96 |
b) |
Nature of the transaction |
Grant of share options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Exercise price of 5.25 pence per share |
1,714,285 |
d) |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
e) |
Date of the transactions |
3 August 2018 |
f) |
Place of the transactions |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
ALEXANDER BENGER |
2 |
Reason for the notification |
a) |
Position/status |
NON-EXECUTIVE DIRECTOR |
b) |
Initial notification /Amendment |
Initial |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
TomCo Energy plc |
b) |
LEI |
213800FEW97Y1CD38B95 |
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 conducte |
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of no par value ISIN: IM00BZBXMN96 |
b) |
Nature of the transaction |
Grant of share options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Exercise price of 5.25 pence per share |
380,952 |
d) |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
e) |
Date of the transactions |
3 August 2018 |
f) |
Place of the transactions |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
MALCOLM GROAT |
2 |
Reason for the notification |
a) |
Position/status |
NON-EXECUTIVE DIRECTOR |
b) |
Initial notification /Amendment |
Initial |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
TomCo Energy plc |
b) |
LEI |
213800FEW97Y1CD38B95 |
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 no par value ISIN: IM00BZBXMN96 |
b) |
Nature of the transaction |
Grant of share options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Exercise price of 5.25 pence per share |
380,952 |
d) |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
e) |
Date of the transactions |
3 August 2018 |
f) |
Place of the transactions |
Outside a trading venue |
