RNS Announcement
4 April 2023
AIM: SYN
Issue of Options
Synergia Energy Ltd (Synergia Energy or the Company) advises that it has issued unlisted nil-cost options over 70,043,152 shares in the Company as a non-cash settlement of amounts due to the Company's three executive directors and the Head of India Assets (individually a Participant and collectively the Participants) in accordance with the Company's short-term incentive plan and recommendations by the Company's Remuneration Committee for the twelve-month period ended 31 December 2022.
The number of nil-cost options allocated to each Participant represents the monetary amount of the Participant's short-term incentive award, as calculated by the Remuneration Committee, divided by 0.11 pence, being the average closing share price for the week comprising the working days 20 March 2023 to 24 March 2023 inclusive.
The allocation is as follows:
| Participant | Position | STIP award | Nil-cost options awarded |
| | | | |
| Joe Salomon | Exec Chairman | £9,147 | 8,315,217 |
| Roland Wessel | CEO | £30,000 | 27,272,727 |
| Ashish Khare | Head - India Assets | £17,881 | 16,255,208 |
| Colin Judd | CFO | £20,020 | 18,200,000 |
| | | | 70,043,152 |
The nil-cost options are exercisable by the Participants on or before 1 April 2028.
PDMR Dealing Notification
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | 1. Joe Salomon 2. Roland Wessel 3. Ashish Khare 4. Colin Judd | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | 1. Executive Chairman 2. Chief Executive Officer 3. Head - India Assets 4. Chief Financial Officer | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Synergia Energy Limited | |||
| b) | LEI | 213800S292RJZ97HRR83 | |||
| 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 | Options over ordinary shares of no par value each in the share capital of Synergia Energy Limited | |||
| | | ||||
| Identification code | AU0000233538
| ||||
| | | ||||
| b) | Nature of the transaction | Issue of Share Options | |||
| c) | Price(s) and volume(s) | | |||
| | | Exercise Price | Volume | | |
| | | 1. 0.11p 2. 0.11p 3. 0.11p 4. 0.11p | 1. 8,315,217 2. 27,272,727 3. 16,255,208 4. 18,200,000 | | |
| | | | | | |
| d) | Aggregated information | n/a | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e) | Date of the transaction | 03 April 2023 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
For and on behalf of Synergia Energy Limited
Jack Rosagro
Company Secretary
For further information, please contact:
| Investor Enquires Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia | AIM Broker Novum Securities Broker Colin Rowbury Email: crowbury@novumsecurities.com Tel: +44 20 7399 9427 UK | AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Ritchie Balmer/Rory Murphy Tel: +44 20 7409 3494 UK | Media Enquires (UK) Vigo Consulting Investor Relations Patrick d'Ancona / Finlay Thomson Email: patrick.dancona@vigoconsulting.com finlay.thomson@vigoconsulting.com Tel:+ 44 20 7390 0230 UK |
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