RNS Number : 6132Y
88 Energy Limited
31 July 2024
 

31 July 2024

 

88 Energy Limited

 

Exercise of Performance Rights and Issue of Equity

 

 

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) announces that it has issued 41,140,000 New Ordinary Shares in the Company to Ashley Gilbert, Managing Director of the Company, following the exercise of performance rights.

 

Following the issue of the New Ordinary Shares Ashley Gilbert now holds a total of 41,140,000 ordinary shares, representing 0.14% of the issued share capital of the Company.

 

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"), with Admission expected to take place at 8.00 a.m. on 6 August 2024.

 

Following the issue of the New Ordinary Shares, the Company has a total of 28,933,811,952 ordinary shares on issue, all of which have voting rights. The figure of 28,933,811,952 ordinary shares may 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 of their interest in, the Company.

 

 

Media and Investor Relations:

 

88 Energy Ltd

Ashley Gilbert, Managing Director 


Tel: +61 8 9485 0990

Email:investor-relations@88energy.com


Fivemark Partners, Investor and Media Relations


Michael Vaughan

Tel: +61 422 602 720

EurozHartleys Ltd


Dale Bryan

Tel: + 61 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

Identification code

Ordinary shares


AU00000088E2

3.2    

Nature of the transaction

Exercise of performance rights / acquisition of fully paid ordinary shares, through the Company's long tern incentive scheme

3.3    

Price(s) and volume(s)

Price(s)

Volume(s)

nil

41,140,000

3.4    

Aggregated information

·   Aggregated volume

·          Price

 

 

41,140,000

 

nil

3.5    

Date of the transaction

31 July 2024

3.6    

Place of the transaction

Outside of a trading venue

 

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