1 May 2024
Star
Energy Group plc (AIM:
STAR)
("Star
Energy" or "the Company")
Grant of awards under the
Star Energy Group plc Management Retention Plan
In order to better align the
interests of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and other key employees of the Group
with those of shareholders, the Board of the Company determined
that annual bonuses in excess of £30,000 will be paid to recipients
in a combination of both cash and restricted
stock.
Management Retention Plan
("MRP")
The Company announces the following
grant to the following Director and PDMR of nil cost options over
ordinary shares of the Company of nominal value 0.002 pence per
share (the "Shares") under the rules of the Company's MRP, which
was adopted by the Board in 2015:
|
Name of Director/PDMR
|
Position
|
Number of ordinary shares subject to the
award
|
|
Chris Hopkinson
Frances Ward
|
Chief Executive Officer
Chief Financial Officer
|
637,500
229,688
|
|
|
|
|
This award is subject to malus and
clawback and may not be exercised or disposed of until 30 September
2024.
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
|
(i)Christopher Hopkinson
(ii) Frances Ward
|
|
2
|
Reason for the
notification
|
|
a)
|
Position / status
|
(i)Chief Executive Officer
(ii) 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 MRP
|
|
d)
|
Price(s) and volume(s)
|
Price / Volume
|
|
|
|
(i)
£nil / 637,500
(ii)
£nil/ 229,688
|
|
e)
|
Aggregated information
|
N/A
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
f)
|
Date of the transaction
|
1 May 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
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/Charles Craven
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