Bonus Shares, Options, PDMR Dealings and Holding

Block Energy PLC

23 February 2026

 

23 February 2026

Block Energy plc
("Block" or the "Company")

Issue of Bonus Shares and Options and PDMR Dealings

Block operates a performance related scheme ("Scheme") for senior executives within the Company. Awards under the Scheme are determined by the Remuneration Committee ("RemCom") and typically made in February for the previous year. Awards can be made in cash, shares or by the issue of nil-cost options at the discretion of the RemCom.

Following a review of performance against established Key Performance Indicators for the financial year ended 31 December 2025 ("FY2025"), the RemCom has determined that bonus awards are to be granted to a Director, one PDMR and members of staff.

Following consultations with the Director, the PDMR and relevant employees, the RemCom has elected to settle the bonuses by way of issue of 30,428,200 ordinary shares of 0.25p each ("Ordinary Shares") and 9,231,083 nil-cost options over Ordinary Shares ("Options"). As in the last  two years, the number of Ordinary Shares and Options has been determined by dividing the respective bonus by the Volume Weighted Average Price ("VWAP") of the Company's Ordinary Shares for January 2026 which equals 0.93p per Ordinary Share, (prior year January 2025 VWAP used for the Bonus calculation was 0.7385p).

Issue of Shares and Options

The issue of Shares and Options to the Director and the PDMR are set out in the table below:

Name	Position	Number of Shares Issued	Number of Options Granted	Resulting Total Options Held Over Ordinary Shares	Total Ordinary Shares Following Award	Resulting % of Issued Share Capital
Paul Haywood	CEO	25,922,903	-	-	160,062,808	15.30%
Guram Maisuradze	COO	-	5,257,666	5,257,666	7,009,636*	0.67%

*only Options were granted which has not affected the Total Ordinary Shares number

Application will be made for the admission to trading on AIM ("Admission") of the 30,428,200 Ordinary Shares. The Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Admission is expected at 8.00 a.m. on or around 27 February 2026.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 1,046,172,039 ordinary shares with one voting right each. As the Company does not hold any shares in Treasury, the total number of voting rights in the Company is 1,046,172,039.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

ENDS

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Haywood
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Block Energy plc
b)	LEI	213800E2J8QA1J6KN415
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	Ordinary Shares of £0.0025 each
	Identification code	GB00BF3TBT48
b)	Nature of the transaction	1)    Issue of Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0093	25,922,903
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) £.0093 25,922,903
e)	Date of the transaction	20 February 2026
f)	Place of the transaction	London, AIM

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs")

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Guram Maisuradze
2	Reason for the notification
a)	Position/status	COO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Block Energy plc
b)	LEI	213800E2J8QA1J6KN415
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	Ordinary Shares of £0.0025 each
	Identification code	GB00BF3TBT48
b)	Nature of the transaction	1)    Grant of Share Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost	5,257,666
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Nil cost 5,257,666
e)	Date of the transaction	20 February 2026
f)	Place of the transaction	London, AIM

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			Block Energy Plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Paul Haywood
City and country of registered office (if applicable)			Dubai, UAE
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			20 February 2025
6. Date on which issuer notified (DD/MM/YYYY):			22 February 2025
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	15.3%			15.3%	160,062,808
Position of previous notification (if applicable)	13.3%			13.3%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights ix					% of voting rights
	Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
GB00BF3TBT48	160,062,808					15.3%
SUBTOTAL 8. A	160,062,808					15.3%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
		SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
				SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi

Place of completion	Outside a trading venue
Date of completion	22 February 2025

 

END