REG - Jadestone Energy PLC - Director Share Dealing

Jadestone EnergyAnnouncement

03/10/2024 07:00

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RNS Number : 7374G  Jadestone Energy PLC  03 October 2024

Director Share Dealing

 

3 October 2024 - Singapore: Jadestone Energy plc (AIM:JSE) ("Jadestone" or the
"Company"), an independent upstream production company focused on the
Asia-Pacific region, announces that A. Paul Blakeley, President and Chief
Executive Officer of Jadestone, has acquired a total of 511,000 ordinary
shares in the Company, for a total amount of £149,800.

 

Following the transaction, Mr. Blakeley holds a total of 5,454,992 ordinary
shares, which represents 1.01% 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:                                              President and 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                                                          Jadestone Energy Plc
 b)                  LEI:                                                          21380076GWJ8XDYKVQ37
 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 £0.001 each in the share capital of Jadestone Energy plc

                     Identification code:

                                                                                   ISIN: GB00BLR71299
 b)                  Nature of the transaction:                                    Purchase of ordinary shares
 c)                  Price(s) and volume(s):                                       £0.29 and 511,000 ordinary shares
 d)                  Aggregated information:

                     · Aggregated volume:                                          511,000 ordinary shares

                     · Price:                                                      £149,800
 e)                  Date of the transaction:                                      2 October 2024
 f)                  Place of the transaction:                                     AIMX

 

 

 

 

-ends-

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO

 Phil Corbett, Head of Investor Relations              +44 (0) 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Peel Hunt LLP (Joint Broker)                          +44 (0) 20 7418 8900 (UK)
 Richard Crichton
 David McKeown

 Georgia Langoulant

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Georgia Edmonds

 Elfie Kent

 

About Jadestone Energy

 

Jadestone Energy plc is an independent upstream company focused on the
Asia-Pacific region.  It has a balanced and increasingly diversified
portfolio of production and development assets in Australia, Malaysia,
Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive
upstream investment climate.

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman Energy's business in
Asia-Pacific, the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments such as at
Akatara in Indonesia, Nam Du/U Minh in Vietnam and the SFA Cluster offshore
Malaysia, as well as through acquisitions that fit within Jadestone's
financial framework and play to the Company's strengths in managing maturing
oil assets. Jadestone delivers value in its acquisition strategy by enhancing
returns through operating efficiencies, cost reductions and increased
production through further investment.

 

Jadestone is a responsible operator and well positioned for the energy
transition through its increasing gas production, by maximising recovery from
existing brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy is aligned
with the IEA Net Zero by 2050 scenario, which stresses the necessity of
continued investment in existing upstream assets to avoid an energy crisis and
meet demand for oil and gas through the energy transition.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

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