Issue of Performance Rights

RNS Number : 2644D
Tlou Energy Ltd
01 March 2022
 

1 March 2022

 

Tlou Energy Limited

("Tlou" or "the Company")

 

Issue of Performance Rights

 

 

Further to the approval by shareholders of the issue of performance rights to Tlou directors at the Company's annual general meeting held on 24 November 2021, the Company confirms that on 15 December 2021, 6,000,000 performance rights in the Company were issued for nil consideration ("Performance Rights") to Tlou Directors.

 

Director

Position

No. of Performance rights issued

Vesting price

Expiry date of

performance rights 

 

Colm Cloonan

 

Finance Director

2,000,000

AUD $0.10

31 January 2025

2,000,000

AUD $0.165

31 January 2025

 

Gabaake Gabaake

 

Executive Director

1,000,000

AUD $0.10

31 January 2025

1,000,000

AUD $0.165

31 January 2025

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulations, provide further details. 

 

 

****

For further information regarding this announcement please contact:

Tlou Energy Limited

+61 7 3040 9084

Tony Gilby, Managing Director


Solomon Rowland, General Manager




Grant Thornton (Nominated Adviser)

+44 (0)20 7383 5100

Harrison Clarke, Colin Aaronson, Ciara Donnelly


 

 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

 

1

Details of the person discharging managerial responsibility / person closely associated

 

 

a)

 

Name

 

Gabaake Gabaake

2

Reason for the notification

 

a)

 

Position/status

 

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

 

Tlou Energy Limited

 

b)

 

LEI

 

213800SHI2BVAY1A4L52

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

 

Unlisted Performance Rights

 

Identification code

 

ABN 79136739967

 

b)

 

Nature of transaction

 

Performance Rights Linked to Share Price Benchmarks Expiring 31 January 2025

 

c)

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Unlisted Performance Rights issued for Nil consideration

 

2,000,000

 

d)

 

Aggregated information

 

Aggregated volume

 

 

 

Price

 

 

 

e)

 

Date of transaction

 

15 December 2021

 

f)

 

Place of transaction

 

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibility / person closely associated

 

 

a)

 

Name

 

Colm Cloonan

2

Reason for the notification

 

a)

 

Position/status

 

Finance Director

 

b)

 

Initial notification/amendment

 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Tlou Energy Limited

 

b)

 

LEI

 

213800SHI2BVAY1A4L52

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

 

Unlisted Performance Rights

 

Identification code

 

ABN 79136739967

 

b)

 

Nature of transaction

 

Performance Rights Linked to Share Price Benchmarks Expiring 31 January 2025  

 

c)

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Unlisted Performance Rights issued for Nil consideration

4,000,000

 

d)

 

Aggregated information

 

Aggregated volume

 

 

 

Price

 

 

 

e)

 

Date of transaction

 

15 December 2021

 

f)

 

Place of transaction

 

Outside a trading venue

 

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