RNS Announcement
30 October 2024
AIM: SYN
Issue of Options
Synergia Energy Ltd (Synergia Energy or the Company) advises that it has issued unlisted nil-cost options (NCOs) over 249,958,815 shares in the Company to the Company's three eligible executives (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 period of 1 January 2023 to 30 June 2024.
The quantum of NCOs calculated is based on the Company's VWAP (Volume Weighted Average Price) from 1 August 2024, to 29 October 2024 (the last trading day prior to the announcement of the awards) at 0.0947 pence.
The allocation is as follows:
| Participant | Position | STIP award | Nil-cost options awarded |
| Roland Wessel | CEO | £110,214 | 116,382,259 |
| Ashish Khare | Head - India Assets | £58,962 | 62,261,879 |
| Colin Judd | CFO | £67,535 | 71,314,677 |
The nil-cost options are exercisable by the Participants on or before 31 October 2029.
PDMR Dealing Notification
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name |
1. Roland Wessel 2. Ashish Khare 3. Colin Judd | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | 1. Chief Executive Officer 2. Head - India Assets 3. 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. 0.0947 pence | 116,382,259 | | |
| | | 2. 0.0947 pence | 62,261,879 | | |
| | | 3. 0.0947 pence | 71,314,677 | | |
| | | | | | |
| d) | Aggregated information | n/a | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e) | Date of the transaction | 30 October 2024 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
For and on behalf of Synergia Energy Limited
Anshu Raghuvanshi
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 Joint Broker Panmure Liberum Ltd Broker Mark Murphy / Rauf Munir / Freddie Wooding Tel: +44 (0)20 7886 2500 UK | AIM Joint 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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