Director Appointment and Options Grant

TomCo Energy PLC

29 May 2026

 

29 May 2026

TOMCO ENERGY PLC
("TomCo" or the "Company")

Appointment of Non-Executive Director and Grant of Share Options

TomCo (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce, further to the Company's announcement of 23 February 2026 and completion of the Company's Nominated Adviser's customary due diligence process, that Mr Steven Byle has been appointed as a Non-Executive Director of the Company with immediate effect. In addition, the Company has granted share options ("Options") over, in aggregate 605,463,529 ordinary shares of no par value each ("Ordinary Shares") in the capital of the Company as detailed further below.

Additional Information on Directorate Appointment

A brief profile on Steven Byle, a highly accomplished serial entrepreneur with substantial experience of innovative companies and technologies and international projects in the energy sector, was set out in the Company's announcement of 23 February 2026.

The following additional information, save for Steven's directorship of TomCo, is provided in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies:

Steven Mark Byle (aged 58)

Current directorships/partnerships	Past directorships/partnerships in the last five years
AetherStrike LLC	Longview Energy Limited
Heavy Sweet Oil LLC	Pantheon Energy Management EU, s.r.o
Highlands Development Group LLC
NuCryo LLC
Valkor LLC

Steven holds a 50 per cent. interest in Valkor LLC, which in turn holds 290,500,000 Ordinary Shares representing approximately 4.80 per cent. of the Company's existing issued ordinary share capital. In addition to such indirect interest in Ordinary Shares, Steven has been granted certain Options as detailed further below.

There is no further information to be disclosed in relation to Steven's appointment pursuant to AIM Rule 17 or Schedule Two (g) of the AIM Rules for Companies.

Grant of Share Options

The Company has today granted Options over, in aggregate, 605,463,529 Ordinary Shares, representing approximately 10 per cent. of the Company's existing issued ordinary share capital, to the Company's directors and to the widow of the Company's former Chief Executive Officer.

All such options are exercisable at a price of 0.028 pence each, being the closing mid-market price of an Ordinary Share on 28 May 2026 and vest immediately.

Further details of the Options over 484,370,823 Ordinary Shares which were granted to the Company's Directors are set out below:

Name	Position	Number of Options Granted	Exercise price per Ordinary Share (p)	Exercise period	Total Options Held following this Grant
Malcolm Groat	Executive Chairman	211,912,235	0.028	10 years	232,293,187
Louis Castro	Non-Executive Director	121,092,706	0.028	10 years	136,092,706
Zac Phillips	Non-Executive Director	121,092,706	0.028	10 years	121,092,706
Steven Byle	Non-Executive Director	30,273,176	0.028	10 years	30,273,176

In addition, a further 121,092,706 Options were granted to the widow of the late John Potter, the Company's former Chief Executive Officer.

Following the above grant of Options, the total number of options outstanding over unissued Ordinary Shares is 645,844,481, representing approximately 10.67 per cent. of the Company's existing issued ordinary share capital. The 52,714,285 options held by the late John Potter have now lapsed.

Enquiries:

TomCo Energy plc
Malcolm Groat (Executive Chairman)	[phone]
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler / Harry Marshall	[phone]
CMC Markets UK Plc (Joint Broker) Thomas Curran	[phone]
AlbR Capital Limited (Joint Broker)
Jon Belliss / Colin Rowbury	[phone]

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

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

- ENDS -

PDMR Notification Form:

The notification below is made in accordance with the requirements of MAR.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	i)             Malcolm Groat ii)            Louis Castro iii)           Zac Phillips iv)           Steven Byle
2.	Reason for the Notification
a)	Position/status	i)             Executive Chairman ii)            Non-Executive Director iii)           Non-Executive Director iv)           Non-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	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	In each case, the grant of Options over Ordinary shares of no par value in the Company
	Identification code	IM00BZBXMN96
b)	Nature of the Transaction	Grant of Options over Ordinary Shares of no par value in the Company
c)	Price(s) and volume(s)	Price: 0.028p Volumes: i)             211,912,235 ii)            121,092,706 iii)           121,092,706 iv)           30,273,176
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	29 May 2026
f)	Place of the transaction	Outside a trading venue

 

END