TIDMEME

RNS Number : 9159E

Empyrean Energy PLC

09 July 2019

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

9 July 2019

Empyrean Energy PLC ('Empyrean' or 'the Company')

Exercise of Options

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, announces that Apnea Holdings Pty Ltd, a company wholly-owned by Empyrean CEO, Tom Kelly, has today exercised options in respect of 15,000,000 new ordinary shares of 0.2p each ("Option Exercise Shares") at an exercise price of 2p per Option Exercise Share, raising GBP300,000 ("the Option Exercise"). Mr Kelly now has an interest in 85,881,563 shares representing 19.55% of the Company's enlarged issued share capital.

Application has been made for the Option Exercise Shares to be admitted to trading on AIM. Admission is expected to take place on 12 July 2019. The Option Exercise Shares will rank pari passu with existing ordinary shares.

Following the Option Exercise, the Company's enlarged issued share capital will comprise 439,275,110 ordinary shares, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

**ENDS**

Empyrean Energy plc

Tom Kelly Tel: +61 8 9380 9920

Cenkos Securities plc

Neil McDonald Tel: +44 (0) 131 220 9771

Beth McKiernan Tel: +44 (0) 131 220 9778

St Brides Partners Ltd

Priit Piip Tel: +44 (0) 20 7236 1177

Frank Buhagiar Tel: +44 (0) 20 7236 1177

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                                    Tom Kelly 
      --------------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                         Chief Executive Officer of the Company 
      --------------------------------------  ------------------------------------------- 
 b)    Initial notification/amendment          Initial notification 
      --------------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                    Empyrean Energy plc 
      --------------------------------------  ------------------------------------------- 
 b)    LEI                                     213800ZRH1WBHEWDFA57 
      --------------------------------------  ------------------------------------------- 
 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                      Ordinary Shares of 0.2p each ("Ordinary 
        Financial instrument,                   Shares") 
        type of instrument 
      --------------------------------------  ------------------------------------------- 
       Identification code                     GB00B09G2351 
      --------------------------------------  ------------------------------------------- 
 b)    Nature of the Transaction               Exercise of options 
      --------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                  Price                       Volume 
      -------------------------------------- 
   2p per Ordinary 
    Share                                                                  15,000,000 
  ---------------------------------------------------------------------  ---------------- 
 d)    Aggregated information                  N/A (Single transaction) 
        Aggregated volume Price 
      --------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                 8 July 2019 
      --------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                London Stock Exchange, AIM (LON:EME) 
      --------------------------------------  -------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCEAKXNESENEEF

(END) Dow Jones Newswires

July 09, 2019 04:35 ET (08:35 GMT)

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