REG - 88 Energy Limited - Issue of Performance Rights

88 EnergyAnnouncement

22/05/2024 14:00

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RNS Number : 5069P  88 Energy Limited  22 May 2024

22 May 2024

 

88 Energy Limited

 

Issue of Performance Rights

 

 

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company)
confirms that following receipt of shareholder approval for the issue of
certain performance rights ("Performance Rights") at the general meeting of
the Company held on 11 November 2022 (the "GM"), the Company has now issued a
total of 87,475,000 Performance Rights pursuant to the Company's employee
incentive scheme.

 

This includes the issue of 37,875,000 Performance Rights to Ashley Gilbert,
Managing Director of the Company. Following this award and the lapse of
certain other Performance Rights, Mr Gilbert now holds a total of 116,098,333
performance rights (subject to vesting conditions).

 

Further details of the Performance Rights are set out in the notice of meeting
for the GM which is available on the Company's website www.88energy.com
(http://www.88energy.com) .

 

 

This announcement has been authorised by the Board.

 

 

Media and Investor Relations:

 

 88 Energy Ltd

 Ashley Gilbert, Managing Director

 Tel: +61 (0)8 9485 0990

 Email:investor-relations@88energy.com

 Fivemark Partners, Investor and Media Relations

 Michael Vaughan                                  Tel: +61 (0)422 602 720

 EurozHartleys Ltd
 Dale Bryan                                       Tel: +61 (0)8 9268 2829

 Cavendish Capital Markets Limited                Tel: +44 (0)207 220 0500
 Derrick Lee                                      Tel: +44 (0)131 220 6939
 Pearl Kellie                                     Tel: +44 (0)131 220 9775

 

The information in the below notification is disclosed in accordance with
Article 19 of the EU Market Abuse Regulation.

 1                Details of PDMR/person closely associated with them ("PCA")
 1.1              Name                                     Ashley Gilbert
 1.2              Position/Status                          Managing Director
 1.3              Initial notification / amendment         Initial notification
 2                Details of the issuer, emission allowance market participant, auction
                  platform, auctioneer or auction monitor
 2.1              Name                                     88 Energy Limited
 2.2              LEI                                      213800YFW5171TD69V35
 3                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
 3.1              Description of the financial instrument  Performance Rights (subject to vesting conditions) over ordinary shares

                  Identification code                      AU00000088E2
 3.2              Nature of the transaction                Issue of Performance Rights
 3.3              Price(s) and volume(s)                   Price(s)  Volume(s)
                                                           N/A       37,875,000
 3.4              Aggregated information

                  ·   Aggregated volume

                  ·          Price                         37,875,000 Performance Rights

                                                           N/A
 3.5              Date of the transaction                   21 May 2024
 3.6              Place of the transaction                 Outside of a trading venue

3.4

Aggregated information

·   Aggregated volume

·          Price

 

 

37,875,000 Performance Rights

 

N/A

3.5

Date of the transaction

 21 May 2024

3.6

Place of the transaction

Outside of a trading venue

 

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