REG - Star Energy Group - Grant of Awards

Star EnergyAnnouncement

06/03/2025 07:15

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RNS Number : 5199Z  Star Energy Group PLC  06 March 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Group's obligations under Article 17 of MAR.

 

6 March 2025

Star Energy Group plc (AIM: STAR)

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

 

Grant of Awards

 

Star Energy announces that it has issued options to certain Directors of the
Group.

 

Grant of awards under the Star Energy Management Retention Plan (the "MRP")

The Company has issued options under the MRP to the Executive Directors of the
Group.

The individuals' awards will vest and become exercisable on the first
anniversary of the date of grant of the options, 5 March 2026, subject to
continued employment.

The grant of nil cost options over ordinary shares of the Company of nominal
value 0.002 pence per share ("Shares") under the Company's MRP, which was
adopted by the board of directors of the Company ("Board") in 2015, are as set
out below:

 Name of Director/PDMR  Position                 Number of Shares subject to Award
 Ross Glover            Chief Executive Officer  300,000
 Frances Ward           Chief Finance Officer    225,000

The options are subject to malus and clawback provisions contained in the
rules of the MRP.

Grant of awards under the Star Energy Executive Incentive Plan (the "EIP")

The Company has issued options under the EIP to the Executive Directors of the
Group.

The individuals' awards will vest and become exercisable on the first
anniversary of the date of grant of the options, 5 March 2026, subject to
continued employment ("EIP Options Vesting Date"). The awards will be
exercisable on the condition that the volume-weighted average closing middle
market quotation of a share for the thirty-day period ending on the Dealing
Day immediately before the EIP Options Vesting Date is at least 14 pence.

The grant of nil cost options over Shares under the EIP, which was adopted by
the Board in 2016, are as set out below:

 Name of Director/PDMR  Position                 Number of Shares subject to Award
 Ross Glover            Chief Executive Officer  525,000
 Frances Ward           Chief Finance Officer    395,000

The options are subject to malus and clawback provisions contained in the
rules of the EIP.

Grant of awards to Non-executive Directors

The Company announces the grant of options over Shares to its Non-executive
Directors.

The individuals' awards will vest and become exercisable on the first
anniversary of the date of grant of the options, 5 March 2026, subject to the
individual remaining a Non-executive Director ("NED Options Vesting Date").

The Tranche 1 awards will be exercisable on the condition that the
volume-weighted average closing middle market quotation of a share for the
thirty-day period ending on the Dealing Day immediately before the NED Options
Vesting Date is at least 14 pence.

The Tranche 2 awards do not have a vesting share price condition.

The price payable in respect of the exercise of an option is 0.002 pence per
share, being the nominal value of a share.

 Name of Non-executive Director  Number of options
                                 Tranche 1 - vesting condition of 14p share price  Tranche 2 - no share price vesting condition
 Philip Jackson                  90,000                                            65,000
 Kate Coppinger                  90,000                                            43,000
 Antony White                    90,000                                            43,000
 Aneliya Erdly                   90,000                                            43,000

 

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules
for Companies.

For further information please contact:

 

Star Energy Group plc

Tel: +44 (0)20 7993 9899

Ross Glover, Chief Executive Officer

Frances Ward, Chief Financial Officer

 

Zeus (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

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

The information set out below is provided in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation:

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             Ross Glover
 2   Reason for the notification
 a)  Position / status                                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                        (1)  Grant of nil cost options by the Company under the Company's MRP

                                                      (2)  Grant of nil cost options by the Company under the Company's EIP
 d)  Price(s) and volume(s)                            Price / Volume
                                                      (1)  £nil / 300,000

                                                      (2)  £nil / 525,000
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          5 March 2025
 g)  Place of the transaction                         Outside a trading venue

 

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             Frances Ward
 2   Reason for the notification
 a)  Position / status                                Chief Financial 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                        (1)  Grant of nil cost options by the Company under the Company's MRP

                                                      (2)  Grant of nil cost options by the Company under the Company's EIP
 d)  Price(s) and volume(s)                            Price / Volume
                                                      (1)   £nil / 225,000

                                                      (2)  £nil / 395,000
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          5 March 2025
 g)  Place of the transaction                         Outside a trading venue

 

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             Philip Jackson
 2   Reason for the notification
 a)  Position / status                                Non-executive Director
 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                        Grant of options by the Company under the Company's NED Option Agreement
 d)  Price(s) and volume(s)                            Price / Volume
                                                      (i)  £0.00002 / 155,000
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          5 March 2025
 g)  Place of the transaction                         Outside a trading venue

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             Kate Coppinger
 2   Reason for the notification
 a)  Position / status                                Non-executive Director
 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                        Grant of options by the Company under the Company's NED Option Agreement
 d)  Price(s) and volume(s)                            Price / Volume
                                                      (i)  £0.00002 / 133,000
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          5 March 2025
 g)  Place of the transaction                         Outside a trading venue

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             Aneliya Erdley
 2   Reason for the notification
 a)  Position / status                                Non-executive Director
 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                        Grant of options by the Company under the Company's NED Option Agreement
 d)  Price(s) and volume(s)                            Price / Volume
                                                      (i)  £0.00002 / 133,000
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          5 March 2025
 g)  Place of the transaction                         Outside a trading venue

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             Antony White
 2   Reason for the notification
 a)  Position / status                                Non-executive Director
 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                        Grant of options by the Company under the Company's NED Option Agreement
 d)  Price(s) and volume(s)                            Price / Volume
                                                      (i)  £0.00002 / 133,000
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          5 March 2025
 g)  Place of the transaction                         Outside a trading venue

 

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