REG - Star Energy Group - Additional Listing Director/PDMR Shareholding

Star EnergyAnnouncement

30/01/2025 07:00

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RNS Number : 1419V  Star Energy Group PLC  30 January 2025

30 January 2025

 

Star Energy Group plc ("Star Energy" or the "Company")

Additional Listing Director/PDMR Shareholding

 

The Company announces that an application has been made to the London Stock
Exchange for a total of 284,601 Ordinary Shares of 0.002p each (the "SIP
Shares") to trade on the AIM market of London Stock Exchange ("AIM") under the
Star Energy Group plc Share Incentive Plan ("SIP"). Subject to admission, the
SIP Shares will be held by Equiniti Share Plan Trustees Limited (the "SIP
Trustees").

 

The number of shares to be issued under the SIP has been calculated with
reference to the mid-market opening price of 7.35p on 1 October 2024, in
accordance with the rules of the SIP. The SIP Shares shall rank equally with
the existing issued shares of the Company. It is expected that admission to
AIM will become effective on or around 3 February 2025.

Details of the subscription and allocation under the SIP by Persons
Discharging Managerial Responsibility ("PDMR") for the quarter are set out
below.

 PDMR          Share subscription under the SIP  Matching Allocation  Additional Resulting Voting Rights  Total Resulting Voting Rights (%)
 Frances Ward  6,123                             12,246               18,369                              0.12%
 Ross Glover   6,123                             12,246               18,369                              0.30%

The issued share capital of the Company following the above detailed issue of
shares will be 130,481,409 Ordinary Shares; the number of deferred shares
remains 303,305,534. The total number of voting rights in Star Energy will be
130,481,409 Ordinary Shares, which should 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 Star
Energy under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

Further details on the SIP are set out in the appendix to this announcement.

The information set out below is provided in accordance with the requirements
of the UK Market Abuse Regulation:

 1.  Details  of PDMR / person closely associated
 a)  Name                                             (i)            Frances Ward

                                                      (ii)           Ross Glover

 2.  Reason for the notification
 a)  Position / status                                (i)            Chief Financial Officer

                                                      (ii)           Chief Executive Officer

 b)  Initial notification /amendment                  Initial notification
 3.  Details of the issuer
 a)  Name                                             Star Energy Group plc
 b)  LEI                                              213800S8WP2L294NR559
 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          Ordinary Shares of 0.002p each
 b)  Identification code of the Financial Instrument  ISIN for Star Energy Group plc: GB00BZ042C28
 c)  Nature of the transaction                        Acquisition of Ordinary Shares in Star Energy Group plc under SIP by the SIP
                                                      Trustees pursuant to the SIP

 d)  Price(s) and volume(s)                           Price                               Volume
                                                      (i)            £0.0735              (i)            18,369
                                                      (ii)           £0.0735              (iii)          18,369
 e)  Aggregated information                           N/A

     -     Aggregated volume

     -     Price

 f)  Date of the transaction                          22 January 2025
 g)  Place of the transaction                         London Stock Exchange, AIM

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

 

 

 

f)

Date of the transaction

22 January 2025

g)

Place of the transaction

London Stock Exchange, AIM

 

ENQUIRIES

For further information please contact:

 

Star Energy Group plc      Tel: +44 (0)20 7993 9899

Frances Ward, Chief Financial Officer

 

Zeus Capital Limited (Nominated Adviser & Broker)
Tel: +44 (0)203 829 5000

Antonio Bossi, Alexandra Campbell-Harris (Investment Banking)

Simon Johnson (Corporate Broking)

 

Vigo Consulting   Tel: +44 (0)207 597 5970

Patrick d'Ancona, Finlay Thomson, Kendall Hill

 

 

 

 

 

 

APPENDIX

 

About the Star Energy SIP

In 2013, the Company adopted an Inland Revenue approved Share Investment Plan
for all employees of the Group. The scheme is a tax efficient incentive plan
pursuant to which all Company employees are eligible to subscribe for up to
GBP150 (or 10% of salary, if less) worth of Star Energy ordinary shares per
month. On a three-monthly basis, the Company matches employees' monthly
subscriptions on a 1-to-1 basis and, subject to the Company having met
pre-defined quarterly production targets, will increase the matching element
for that quarter to 2-to-1. To receive their allocation of matching shares,
employees must ordinarily remain employed by the Company for a period of 3
years. Shares issued under the SIP are held by the SIP Trustees.

 

Under the SIP, during the vesting period the recipient retains the voting
rights and dividend rights associated with the matching allocation shares
however, is unable to sell the shares until the vesting criteria have been
fulfilled.  The matching allocation shares will be issued to the Company's
Employee Benefit Trust and held until vesting conditions have been met. The
participant retains the full rights over any subscription shares.

 

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