TIDMJSE

RNS Number : 7915S

Jadestone Energy Inc.

19 March 2021

Jadestone Energy Inc.

Exercise of Options and Director Share Dealing

19 March 2021-Singapore: Jadestone Energy Inc. (AIM:JSE) (the "Company" or "Jadestone"), an independent oil and gas production company focused on the Asia Pacific region, announces that on 19 March 2021, A. Paul Blakeley, a Director, President and Chief Executive Officer of Jadestone, exercised options over a total of 1,500,000 common shares ("New Shares"), being 500,000 common shares with the exercise price of CAD 0.49 per share and 1,000,000 common shares with the exercise price of CAD 0.47 per share.

Following his acquisition of the New Shares, Mr. Blakeley will hold a total of 4,232,798 common shares, which represents 0.91% of the Company's issued share capital.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below and gives further details on the transaction described above.

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name:                        A. Paul Blakeley 
      ---------------------------  ------------------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------ 
 (a)   Position/status:             Executive Director, President and Chief 
                                     Executive Officer 
      ---------------------------  ------------------------------------------- 
 (b)   Initial notification/        Initial notification 
        amendment: 
      ---------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 (a)   Name:                        Jadestone Energy Inc. 
      ---------------------------  ------------------------------------------- 
 (b)   LEI:                         254900E4GCXW63X26Q32 
      ---------------------------  ------------------------------------------- 
 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           Common shares of no par value in Jadestone 
        financial instrument,        Energy Inc. 
        type of instrument: 
 
        Identification 
        code:                        ISIN: CA46989Q1000 
      ---------------------------  ------------------------------------------- 
 (b)   Nature of the transaction:   Exercise of options to acquire a total 
                                     of 1,500,000 common shares 
      ---------------------------  ------------------------------------------- 
 (c)   Price(s) and volume(s):        CAD 0.49 per share   500,000 options 
                                       CAD 0.47 per share   1,000,000 options 
                                                           ------------------ 
      ---------------------------  ------------------------------------------- 
 (d)   Aggregated information: 
        - Aggregated volume:         1,500,000 options 
        - Price:                     CAD 715,000 .00 
      ---------------------------  ------------------------------------------- 
 (e)   Date of the transaction:     19 March 2021 
      ---------------------------  ------------------------------------------- 
 (f)   Place of the transaction:    XLON 
      ---------------------------  ------------------------------------------- 
 

For further information, please contact:

 
 Jadestone Energy Inc.                        +65 6324 0359 (Singapore) 
 Paul Blakeley, President and CEO             +44 7392 940 495 (UK) 
 Dan Young, CFO                               ir@jadestone-energy.com 
 Robin Martin, Investor Relations Manager 
 
 Stifel Nicolaus Europe Limited (Nomad,       +44 (0) 20 7710 7600 (UK) 
  Joint Broker) 
 Callum Stewart 
 Jason Grossman 
 Ashton Clanfield 
 
 BMO Capital Markets Limited (Joint Broker)   +44 (0) 20 7236 1010 (UK) 
 Thomas Rider 
 
 Camarco (Public Relations Advisor)           +44 (0) 203 757 4980 (UK) 
 Georgia Edmonds                              jse@camarco.co.uk 
 Billy Clegg 
 James Crothers 
 

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END

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March 19, 2021 03:00 ET (07:00 GMT)

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