Granting of Share Options / PDMR Dealing

RNS Number : 8849W

TomCo Energy PLC

06 August 2018

 

6 August 2018

TomCo Energy plc (AIM: TOM)

("TomCo" or the "Company")

Granting of Share Options / PDMR Dealing

TomCo Energy plc, the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, announces it has granted options to subscribe for, in aggregate, 5,142,855 new ordinary shares of no par value each in the Company ("Ordinary Shares") ("Options").

The Options have been granted to the Company's Executive Directors under an Enterprise Management Incentives Share Option Plan ("EMI Scheme") and to the Company's Non-executive Directors under an unapproved scheme and have an exercise price of 5.25 pence per share, being the closing price on the date of grant.

Following this grant of the Options, the Directors will be interested in the following number of ordinary shares and options:

Director	Number of ordinary shares	Number of Options granted and resulting number of options held
Andrew Jones	7,670	2,666,666
John Potter	-	1,714,285
Alexander Benger	-	380,952
Malcolm Groat	-	380,952

The Options are exercisable for five years from the date of vesting and will vest on the following basis:

·           One-third on or after 30 November 2018;

·           One-third on or after 30 November 2019; and

·           One-third on or after 30 November 2020.

The 5,142,855 Options represent, in aggregate, approximately 8.3% of the Company's current issued share capital.

Enquiries:

TomCo Energy plc

Andrew Jones (Chairman)         [phone]

John Potter (CEO)

Strand Hanson Limited            (Nominated Adviser)

James Harris                             [phone]

Richard Tulloch

James Dance

SVS Securities plc                   (Broker)

Tom Curran                               [phone]

Ben Tadd

Lionsgate Communications     (Financial PR)

Jonathan Charles                       [phone]

For further information, please visit www.tomcoenergy.uk.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	ANDREW JONES
2	Reason for the notification
a)	Position/status	EXECUTIVE CHAIRMAN
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TomCo Energy plc
b)	LEI	213800FEW97Y1CD38B95
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 Identification code	Ordinary shares of no par value ISIN: IM00BZBXMN96
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercise price of 5.25 pence per share	2,666,666
d	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transactions	3 August 2018
f)	Place of the transactions	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	JOHN POTTER
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TomCo Energy plc
b)	LEI	213800FEW97Y1CD38B95
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 Identification code	Ordinary shares of no par value ISIN: IM00BZBXMN96
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercise price of 5.25 pence per share	1,714,285
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transactions	3 August 2018
f)	Place of the transactions	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	ALEXANDER BENGER
2	Reason for the notification
a)	Position/status	NON-EXECUTIVE DIRECTOR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TomCo Energy plc
b)	LEI	213800FEW97Y1CD38B95
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 conducte
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ISIN: IM00BZBXMN96
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercise price of 5.25 pence per share	380,952
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transactions	3 August 2018
f)	Place of the transactions	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	MALCOLM GROAT
2	Reason for the notification
a)	Position/status	NON-EXECUTIVE DIRECTOR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TomCo Energy plc
b)	LEI	213800FEW97Y1CD38B95
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 Identification code	Ordinary shares of no par value ISIN: IM00BZBXMN96
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercise price of 5.25 pence per share	380,952
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transactions	3 August 2018
f)	Place of the transactions	Outside a trading venue

 

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