Jadestone Energy Inc. Grant of Stock Options (5716V)
04 Dicembre 2019 - 8:01AM
UK Regulatory
TIDMJSE
RNS Number : 5716V
Jadestone Energy Inc.
04 December 2019
Jadestone Energy Announces Grant of Stock Options
December 4, 2019-Singapore: Jadestone Energy Inc. (AIM:JSE,
TSXV:JSE) ("Jadestone" or the "Company"), an independent oil and
gas production company focused on the Asia Pacific region,
announces that on December 3, 2019 it granted an aggregate of
75,000 incentive stock options to Lisa Stewart, its newly appointed
Non-Executive Director ("NED") and accordingly a person discharging
managerial responsibilities ("PDMR"). The stock options are
exercisable for a period of ten years at an exercise price of
C$1.17 per share and will vest upon the third anniversary of the
grant date.
The stock options were granted in accordance with the terms of
the Company's stock option plan, which has been approved by
shareholders and the TSX Venture Exchange. The grant is consistent
with Jadestone's current NED compensation structure, which includes
a mix of cash and incentive stock options. Having listed on the
London AIM market last year, Jadestone is transitioning its NED
compensation structure to be based on cash-only fees, consistent
with UK best practice, and to thereby phase out stock options, as a
part of compensation for NEDs, over a three-year period to
2022.
- Ends -
Enquiries
Jadestone Energy Inc. +65 6324 0359 (Singapore)
Paul Blakeley, President and CEO +1 403 975 6752 (Canada)
Dan Young, CFO ir@jadestone-energy.com
Robin Martin, Investor Relations Manager
Stifel Nicolaus Europe Limited (Nomad, +44 (0) 20 7710 7600 (UK)
Joint Broker)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield
BMO Capital Markets Limited (Joint Broker) +44 (0) 20 7236 1010 (UK)
Thomas Rider
Jeremy Low
Thomas Hughes
Camarco (Public Relations Advisor) + 44 (0) 203 757 4980 (UK)
Billy Clegg jadestone@camarco.co.uk
James Crothers
About Jadestone Energy Inc.
Jadestone Energy Inc. is an independent oil and gas company
focused on the Asia Pacific region. It has a balanced, low risk,
full cycle portfolio of development, production and exploration
assets in Australia, Vietnam and the Philippines.
The Company has a 100% operated working interest in the Stag
oilfield and the Montara project, both offshore Australia. Both the
Stag and Montara assets include oil producing fields, with further
development and exploration potential. The Company has a 100%
operated working interest in two gas development blocks in
Southwest Vietnam and is partnered with Total in the Philippines
where it holds a 25% working interest in the SC56 exploration
block.
Led by an experienced management team with a track record of
delivery, who were core to the successful growth of Talisman's
business in Asia, the Company is pursuing an acquisition strategy
focused on growth and creating value through identifying,
acquiring, developing and operating assets throughout the Asia
Pacific region.
Jadestone Energy Inc. is currently listed on the TSXV and AIM.
The Company is headquartered in Singapore. For further information
on Jadestone please visit www.jadestone-energy.com.
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No. 596/2014, and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name: Lisa A. Stewart
--------------------------- --------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
(a) Position/status: Non-Executive Director
--------------------------- --------------------------------------------
(b) Initial notification/ Initial notification
amendment:
--------------------------- --------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
(a) Name: Jadestone Energy Inc.
--------------------------- --------------------------------------------
(b) LEI: 254900E4GCXW63X26Q32
--------------------------- --------------------------------------------
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 Common shares of no par value in Jadestone
financial instrument, Energy Inc.
type of instrument:
Identification
code: ISIN: CA46989Q1000
--------------------------- --------------------------------------------
(b) Nature of the transaction: Grant of options
--------------------------- --------------------------------------------
(c) Price(s) and volume(s): PDMR Volume Strike price
(C$)
Lisa A. Stewart 75,000 1.17
------- -------------
--------------------------- --------------------------------------------
(d) Aggregated information:
- Aggregated volume: 75,000
- Price: C$1.17
--------------------------- --------------------------------------------
(e) Date of the transaction: December 3, 2019
--------------------------- --------------------------------------------
(f) Place of the transaction: XTSX
--------------------------- --------------------------------------------
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
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