Empyrean
Energy Plc / Index: AIM / Epic: EME / Sector: Oil &
Gas
Empyrean Energy
plc
Issue of Salary Sacrifice
Shares and Holdings in the Company
26 July 2024
Salary Sacrifice Shares
Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development
company with interests in China, Indonesia and the United States,
advises that it has issued 14,123,402 new Ordinary Shares of 0.2p each in the Company (the
"Salary Sacrifice Shares").
As announced on February 13, 2024, the Salary Sacrifice Shares were
to be issued at the higher of the February Placing price being
0.25p or the 5-day VWAP at the end of each month for April to July
2024 (the "Issue
Price")
The Salary Sacrifice Shares to be
issued were therefore calculated at the following 5-day VWAP
prices:
April
2024
VWAP £0.00454
May
2024
VWAP £0.00342
June
2024
VWAP £0.00292
July 2024
VWAP £0.00289
The Salary Sacrifice Shares were
issued in lieu of cash remuneration for the period April through to
July 2024 in order to preserve capital and ensure more funds are
directed towards project activities, as previously advised to the
market
Of the total Salary Sacrifice Shares
issued:
· 6,756,808 Salary Sacrifice Shares were issued to the Managing
Director of Empyrean, Tom Kelly. Following the issue of the Salary
Sacrifice Shares, Mr Kelly has an interest in 123,317,571
Shares, representing 9.52% of the enlarged issued share
capital of the Company.
· 5,803,560 Salary Sacrifice Shares were issued to the Technical
Director of Empyrean, Gaz Bisht. Following the issue of the Salary
Sacrifice Shares, Mr Bisht has an interest in 56,398,839
Shares, representing 4.36% of the enlarged issued share
capital of the Company.
· 1,563,033 Salary Sacrifice Shares were issued to the Company
Secretary of Empyrean, Jonathan Whyte. Following the issue of the
Salary Sacrifice Shares, Mr Whyte has an interest in
4,419,413 Shares, representing 0.34% of the enlarged
issued share capital of the Company.
The issue of the Salary Sacrifice
Shares is being completed under the Company's existing authorities
and is not subject to the approval of shareholders. Following the
issue of the Salary Sacrifice shares, the Company's enlarged issued
share capital will comprise 1,294,925,109 Shares.
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.
Application will be made for the
Salary Sacrifice Shares to be admitted to trading on AIM. Admission
is expected to take place on 1 August 2024. The Salary Sacrifice
Shares will rank pari passu with existing Shares in
issue.
Holdings in the Company
Empyrean was notified on 26 July
2024 that Keyhole Pty Ltd holds 34,350,000 ordinary shares in the
Company, which represents approximately 2.76% of the issued share
capital of the Company.
For further information please
contact the following:
|
Empyrean Energy plc
|
|
Tom Kelly
|
Tel: +61 6146 5325
|
|
|
|
|
|
|
Cavendish (Nominated Advisor and Broker)
|
|
Neil McDonald
|
Tel: +44 (0) 20 7297 8900
|
|
|
|
|
Pearl Kellie
|
|
|
|
|
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:
|
Thomas Kelly
|
|
2
|
Reason for the Notification
|
|
a)
|
Position/Status:
|
Managing Director/CEO
|
|
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 financial
instrument, type of instrument:
Identification code:
|
Ordinary shares of 0.2p each
("Shares")
GB00B09G2351
|
|
b)
|
Nature of the
transaction:
|
Issue of Salary Sacrifice
Shares
|
|
c)
|
Price(s) and Volume(s):
|
Price
Volume
Nil
6,756,808
|
|
d)
|
Aggregated Information:
- Aggregated Volume
- Price
|
N/A (Single transaction)
|
|
e)
|
Date of the Transaction:
|
26 July 2024
|
|
f)
|
Place of the Transaction:
|
London Stock Exchange, AIM
(LON:EME)
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Gaz Bisht
|
|
2
|
Reason for the Notification
|
|
a)
|
Position/Status:
|
Technical Director
|
|
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 financial
instrument, type of instrument:
Identification code:
|
Ordinary shares of 0.2p each
("Shares")
GB00B09G2351
|
|
b)
|
Nature of the
transaction:
|
Issue of Salary Sacrifice
Shares
|
|
c)
|
Price(s) and Volume(s):
|
Price
Volume
Nil
5,803,560
|
|
d)
|
Aggregated Information:
- Aggregated Volume
- Price
|
N/A (Single transaction)
|
|
e)
|
Date of the Transaction:
|
26 July 2024
|
|
f)
|
Place of the Transaction:
|
London Stock Exchange, AIM
(LON:EME)
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Jonathan Whyte
|
|
2
|
Reason for the Notification
|
|
a)
|
Position/Status:
|
Company Secretary
|
|
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 financial
instrument, type of instrument:
Identification code:
|
Ordinary shares of 0.2p each
("Shares")
GB00B09G2351
|
|
b)
|
Nature of the
transaction:
|
Issue of Salary Sacrifice
Shares
|
|
c)
|
Price(s) and Volume(s):
|
Price Volume
Nil
1,563,033
|
|
d)
|
Aggregated Information:
- Aggregated Volume
- Price
|
N/A (Single transaction)
|
|
e)
|
Date of the Transaction:
|
26 July 2024
|
|
f)
|
Place of the Transaction:
|
London Stock Exchange, AIM
(LON:EME)
|