Providence Resources P.l.c. Grant of Share Options
Dublin and London – May 24 2021 - Providence Resources P.l.c. (“Providence” or the “Company”), the Irish based energy company, announces that the Board has agreed to award the following share options over ordinary shares of €0.001 in the Company (the “Options”) to non-executive directors of the Company:
James Menton 4,500,000
Andrew MacKay 4,500,000
The Options will vest in three equal tranches on each of the first, second and third anniversary of the grant date , and are exercisable at a price of Euro 0.038 per share.
For further information please contact:
ENQUIRIES
Providence Resources P.l.c. Tel: +353 1 219 4074
Alan Linn, CEO
Job Langbroek
Investor Relations
J&E Davy Tel: +353 1 679 6363
Anthony Farrell
MEDIA ENQUIRIES
Joe Heron Tel: +353 87 6909735
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | James Menton | |||
2. | Reason for the Notification | ||||
a) | Position/status | Non-Executive Director | |||
b) | Initial notification/amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Providence Resources P.l.c. | |||
b) | LEI | 635400DSMSR5LZVGDI48 | |||
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 | Award of options over Ordinary shares of €0.001 each. | |||
Identification code | IE00B66B5T26 | ||||
b) | Nature of the Transaction | Award of Share Options | |||
c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
€0.038 | 4,500,000 | ||||
d) | Aggregated information Aggregated volume Price | n/a |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Andrew MacKay | |||
2. | Reason for the Notification | ||||
a) | Position/status | Non-Executive Director | |||
b) | Initial notification/amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Providence Resources P.l.c. | |||
b) | LEI | 635400DSMSR5LZVGDI48 | |||
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 | Award of options over Ordinary shares of €0.001 each. | |||
Identification code | IE00B66B5T26 | ||||
b) | Nature of the Transaction | Award of Share Options | |||
c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
€0.038 | 4,500,000 | ||||
d) | Aggregated information Aggregated volume Price | n/a |
e) | Date of the transaction | 21 May 2021 |
f) | Place of the transaction | London Stock Exchange, AIM (LON:PVR) |