Afentra PLC Replacement: DIRECTOR / PDMR DEALINGS (5455V)
August 10 2022 - 2:44AM
UK Regulatory
TIDMAET
RNS Number : 5455V
Afentra PLC
10 August 2022
10 August 2022
AFENTRA PLC
DIRECTOR / PDMR DEALINGS
The following amendment has been made to the 'Director/PDMR
Dealings' announcement released on 10 August 2022 at 7.10 a.m.
under RNS No 5307V. The description of the volumes in section 4(c)
of each of the Director's notifications below has been amended to
reflect the terms of the Founders Share Plan more accurately. All
other details remain unchanged. The full amended text is shown
below.
Afentra plc ('Afentra' or the 'Company') announces that on 5
August 2022 the Company made conditional awards under the Founders
Share Plan (the "Founders Plan"), the principal terms of which were
previously set out in the Company's report and accounts, to the
executive directors of the Company as set out below:
Director / PDMR Position Percentage entitlement
of conditional award
Paul McDade Chief Executive Officer 41.5%
Anastasia Deulina Chief Financial Officer 27.5%
Ian Cloke Chief Operating Officer 31.0%
The conditional awards comprise a conditional right to be
granted a nil cost option over Ordinary Shares of the Company on
the basis set out in paragraph 6.1.3 of Part 7 of the Company's
admission document published on the date hereof. The conditional
awards are subject to the completion of the acquisition by the
Company's subsidiary, Afentra (Angola) Ltd of a 20% interest in
Block 3/05 , offshore Angola from Sonangol P&P pursuant to a
sale and purchase agreement dated 20 April 2022.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Paul McDade
----------------------------------- ------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Chief Executive Officer
----------------------------------- ------------------------------
b. Initial notification/Amendment Initial Notification
----------------------------------- ------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Afentra plc
----------------------------------- ------------------------------
b. LEI 21380028BFDFJK8BRX92
----------------------------------- ------------------------------
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 Ordinary shares of GBP0.10
instrument, type per share par value
of instrument GB00B4X3Q493
Identification code
----------------------------------- ------------------------------
b. Nature of the transaction Conditional award of right
to be granted nil cost
options
----------------------------------- ------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
n/a Such number
of shares
as equals
41.5% of
15% of
the value
created
above a
starting
share price
of GBP0.15
if a hurdle
price of
GBP0.30
is met
up to a
maximum
calculated
by reference
to the
issued
share capital
at time
of grant
---------------
----------------------------------- ------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
----------------------------------- ------------------------------
e. Date of the transaction 5 August 2022
----------------------------------- ------------------------------
f. Place of the transaction Off exchange
----------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Anastasia Deulina
----------------------------------- ------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status 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 Afentra plc
----------------------------------- ------------------------------
b. LEI 21380028BFDFJK8BRX92
----------------------------------- ------------------------------
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 Ordinary shares of GBP0.10
instrument, type per share par value
of instrument GB00B4X3Q493
Identification code
----------------------------------- ------------------------------
b. Nature of the transaction Conditional award of right
to be granted nil cost
ptions
----------------------------------- ------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
n/a Such number
of shares
as equals
27.5% of
15% of
the value
created
above a
starting
share price
of GBP0.15
if a hurdle
price of
GBP0.30
is met
up to a
maximum
calculated
by reference
to the
issued
share capital
at time
of grant
---------------
----------------------------------- ------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
----------------------------------- ------------------------------
e. Date of the transaction 5 August 2022
----------------------------------- ------------------------------
f. Place of the transaction Off exchange
----------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Ian Cloke
----------------------------------- ------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Chief Operating Officer
----------------------------------- ------------------------------
b. Initial notification/Amendment Initial Notification
----------------------------------- ------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Afentra plc
----------------------------------- ------------------------------
b. LEI 21380028BFDFJK8BRX92
----------------------------------- ------------------------------
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 Ordinary shares of GBP0.10
instrument, type per share par value
of instrument GB00B4X3Q493
Identification code
----------------------------------- ------------------------------
b. Nature of the transaction Conditional award of right
to be granted nil cost
options
----------------------------------- ------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
n/a Such number
of shares
as equals
31.0% of
15% of
the value
created
above a
starting
share price
of GBP0.15
if a hurdle
price of
GBP0.30
is met
up to a
maximum
calculated
by reference
to the
issued
share capital
at time
of grant
---------------
----------------------------------- ------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
----------------------------------- ------------------------------
e. Date of the transaction 5 August 2022
----------------------------------- ------------------------------
f. Place of the transaction Off exchange
----------------------------------- ------------------------------
For further information, contact
Afentra plc
+44 (0)20 7405 4133
Paul McDade, CEO
Anastasia Deulina, CFO
Buchanan (Financial PR)
+44 (0)20 7466 5000
Ben Romney
Jon Krinks
Peel Hunt LLP (Nominated Advisor and Joint Broker)
+44 (0)20 7418 8900
Richard Crichton
Paul Gillam
David McKeown
Tennyson Securities (Joint Broker)
+44 (0)20 7186 9033
Peter Krens
About Afentra
Afentra plc (AIM:AET) is an upstream oil and gas company focused
on opportunities in Africa. The Company's purpose is to support
a responsible energy transition in Africa by establishing
itself as a credible partner for divesting IOCs and Host Governments.
Afentra has a current carried interest in the Odewayne Block
onshore southwestern Somaliland.
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END
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