i3 Energy PLC Employee Options Issuance (1617L)
11 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMI3E
RNS Number : 1617L
i3 Energy PLC
11 January 2021
11 January 2021
i3 Energy plc
("i3" or the "Company")
Employee Options Issuance
i3 Energy plc, an independent oil and gas company with assets
and operations in the UK and Canada, announces that it has issued
options over a total of 13,166,358 ordinary shares ("Options") to
key staff that joined its Canadian subsidiary, i3 Energy Canada
Ltd., following the acquisition of Gain Energy Limited's oil &
gas assets. The options have been issued in accordance with the
rules of the Company's Employee Share Option Plan and will have an
exercise price of GBP0.061 per share, the closing price on 8
January 2021.
The Options will vest as follows:
-- One-third immediately;
-- One-third if July 2021 production exits at or above 9,000 boepd; and
-- 100 per cent. upon the addition of 5,000 boepd or 25 MMboe 2P reserves.
Following this announcement there is no change to the Company's
issued ordinary shares (700,054,815 ordinary shares of GBP0.0001
each). Shareholders may use this figure of ordinary shares as the
denominator by which they are required to notify their interest in,
or change to their interest in, the Company under the Disclosure
Guidance and Transparency Rules.
.
ENDS
CONTACT DETAILS:
i3 Energy plc
Majid Shafiq (CEO) / Graham Heath (CFO) c/o Camarco
Tel: +44 (0) 203 7 81 8331
WH Ireland Limited (Nomad and Joint Broker)
James Joyce, James Sinclair-Ford Tel: +44 (0) 207 220 1666
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 207 523 8000
Henry Fitzgerald- O'Connor, James Asensio
Tennyson Securities (Joint Broker) Tel: +44 (0) 207 186 9030
Peter Krens
Camarco
Georgia Edmonds, James Crothers Tel: +44 (0) 203 7 81 8331
The information contained within this announcement is deemed
by the Company to constitute inside information under the
Market Abuse Regulation (EU) No. 596/2014.
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END
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(END) Dow Jones Newswires
January 11, 2021 02:00 ET (07:00 GMT)
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