88 Energy Limited Exercise of Performance Rights and Issue of Equity
July 31 2024 - 6:48AM
RNS Regulatory News
RNS Number : 6132Y
88 Energy Limited
31 July 2024
31 July 2024
88 Energy
Limited
Exercise
of Performance Rights and Issue of Equity
88 Energy Limited (ASX:88E, AIM:88E,
OTC:EEENF) (88 Energy or
the Company) announces that
it has issued 41,140,000 New Ordinary Shares in the Company to
Ashley Gilbert, Managing Director of the Company, following the
exercise of performance rights.
Following the issue of the New
Ordinary Shares Ashley Gilbert now holds a total of 41,140,000
ordinary shares, representing 0.14% of the issued share capital of
the Company.
Application has been made to the
London Stock Exchange for the New Ordinary Shares to be admitted to
trading on AIM ("Admission"), with Admission expected to take place
at 8.00 a.m. on 6 August 2024.
Following the issue of the New
Ordinary Shares, the Company has a total of 28,933,811,952 ordinary
shares on issue, all of which have voting rights. The figure of
28,933,811,952 ordinary shares 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 of their
interest in, the Company.
Media and
Investor Relations:
|
88
Energy Ltd
Ashley Gilbert, Managing
Director
|
|
|
Tel: +61 8 9485 0990
Email:investor-relations@88energy.com
|
|
|
Fivemark Partners, Investor and
Media Relations
|
|
|
Michael Vaughan
|
Tel: +61 422 602 720
|
|
EurozHartleys Ltd
|
|
|
Dale Bryan
|
Tel: + 61 8 9268 2829
|
|
Cavendish Capital Markets
Limited
|
Tel: +44 (0)207 220 0500
|
|
Derrick Lee
|
Tel: +44 (0)131 220 6939
|
|
Pearl Kellie
|
Tel: +44 (0)131 220 9775
|
The information in the below
notification is disclosed in accordance with Article 19 of the EU
Market Abuse Regulation.
|
1
|
Details of
PDMR/person closely associated with them ("PCA")
|
|
1.1
|
Name
|
Ashley Gilbert
|
|
1.2
|
Position/Status
|
Managing Director
|
|
1.3
|
Initial notification / amendment
|
Initial notification
|
|
2
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
2.1
|
Name
|
88 Energy Limited
|
|
2.2
|
LEI
|
213800YFW5171TD69V35
|
|
3
|
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
|
|
3.1
|
Description of the financial
instrument
Identification code
|
Ordinary shares
AU00000088E2
|
|
3.2
|
Nature of the transaction
|
Exercise of performance rights /
acquisition of fully paid ordinary shares, through the Company's
long tern incentive scheme
|
|
3.3
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
41,140,000
|
|
|
3.4
|
Aggregated information
·
Aggregated volume
·
Price
|
41,140,000
nil
|
|
3.5
|
Date of the transaction
|
31 July 2024
|
|
3.6
|
Place of the transaction
|
Outside of a trading venue
|
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END
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