RNS Number : 8280M
Star Energy Group PLC
19 September 2023
 

19 September 2023

Star Energy Group plc (AIM: STAR)

("Star Energy" or "the Company" or "the Group")

Grant of awards under the Star Energy Group plc Executive Incentive Plan

The Company announces that it has issued options under a long-term incentive plan to certain Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group.

The individual's award will vest and become exercisable on the first anniversary of the date of grant of the options, 14 September 2023, subject to continued employment. The awards will vest on the condition that a share price of at least 15p is achieved.

The grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share under the Company's Executive Incentive Plan (the "Plan"), which was adopted by the Board on 16  March 2016, are as set out below:

Name of Director/PDMR

Position

Number of Ordinary Shares subject to Award

Chris Hopkinson

Chief Executive Officer

185,000

Frances Ward

Chief Finance Officer

185,000

The options are subject to malus and clawback provisions contained in the rules of the Plan.

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.

For further information please contact:

 

Star Energy Group plc

Tel: +44 (0)20 7993 9899

Ann-marie Wilkinson, Chief of Staff

 

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7597 5970

Virginia Bull/Chris Sim

 

Canaccord Genuity (Joint Corporate Broker)

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio

 

Vigo Consulting

Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Finlay Thomson/Kendall Hill



 

 

The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:

 

1

Details of Director/ PDMR / person closely associated

a)

Name

Christopher Hopkinson

2

Reason for the notification

a)

Position / status

Chief Executive Officer

 

b)

Initial notification /amendment

 Initial notification

3

Details of the issuer


a)

Name

Star Energy Group plc

b)

LEI

213800S8WP2L294NR559

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

Ordinary shares of 0.002p each

b)

Identification code of the Financial Instrument

ISIN for Star Energy Group plc: GB00BZ042C28

c)

Nature of the transaction

Grant of nil cost options by the Company under the Company's EIP

d)

Price(s) and volume(s)

 Price /  Volume



(i)  £nil / 185,000

e)

Aggregated information

N/A


-  Aggregated volume



-  Price


f)

Date of the transaction

14 September 2023

g)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of Director/ PDMR / person closely associated

a)

Name

Frances Ward

2

Reason for the notification

a)

Position / status

Chief Financial Officer

 

b)

Initial notification /amendment

 Initial notification

3

Details of the issuer


a)

Name

Star Energy Group plc

b)

LEI

213800S8WP2L294NR559

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

Ordinary shares of 0.002p each

b)

Identification code of the Financial Instrument

ISIN for Star Energy Group plc: GB00BZ042C28

c)

Nature of the transaction

Grant of nil cost options by the Company under the Company's EIP

d)

Price(s) and volume(s)

 Price /  Volume



(i)  £nil / 185,000

e)

Aggregated information

N/A


-  Aggregated volume



-  Price


f)

Date of the transaction

14 September 2023

g)

Place of the transaction

Outside a trading venue

 

 

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