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RNS Number : 0022G
88 Energy Limited
01 November 2018
 

1 November 2018

 

 

 

88 Energy Limited

 

Director Dealings

 

 

88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") confirms that each of the Directors of 88 Energy subscribed for shares in the Non-Renounceable Rights Issue announced by the Company on 3rd October 2018.  Further details of their participation and the resultant interests in shares, options and performance rights of the Directors are set out below.

 

Director

Number of Shares Acquired through the Rights Issue

Resultant number of Ordinary Shares held

% interest in enlarged share capital

Total number of Options / Performance Rights held

 

Michael John Evans

2,648,811

21,190,478

0.37%

5,000,000 Unlisted Options exercisable at $0.06 on or before 14 March 2020

 

George Henry Stephen Staley

1,000,000

11,141667

0.19%

5,000,000 Unlisted Options exercisable at $0.06 on or before 14 March 2020

 

David James Wall

4,613,096

39,404,762

0.68%

20,000,000 Unlisted Options exercisable at $0.06 on or before 14 March 2020

 

21,900,000 Performance Rights (subject to vesting conditions)

 

 

 

 

Media and Investor Relations:

 

88 Energy Ltd

Dave Wall, Managing Director                                                    Tel: +61 8 9485 0990

   Email: [email protected] 

 

Finlay Thomson, Investor Relations                                         Tel: +44 7976 248471

 

Hartleys Ltd

Dale Bryan                                                                                  Tel: + 61 8 9268 2829

 

Cenkos Securities                                                                     Tel: + 44 131 220 6939

Neil McDonald/Derrick Lee

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael John Evans

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

88 Energy Limited

b)

LEI

213800YFW5171TD69V35

4.(i)

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

Identification code

AU00000088E2

b)

Nature of the Transaction

Acquisition of Ordinary Shares through Rights Issue

c)

Price(s) and volume(s)

Number of Ordinary Shares

Price

2,648,811

$0.018

 

 

 

 

d)

Aggregated information

Aggregated volume Price

2,648,811 Ordinary Shares at an aggregate value of $47,678.59

e)

Date of the transaction

31 October 2018

f)

Place of the transaction

London Stock Exchange, AIM (LON:88E)

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

George Henry Stephen Staley

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

88 Energy Limited

b)

LEI

213800YFW5171TD69V35

4.(i)

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

Identification code

AU00000088E2

b)

Nature of the Transaction

Acquisition of Ordinary Shares through Rights Issue

c)

Price(s) and volume(s)

Number of Ordinary Shares

Price

1,000,000

$0.018

 

 

 

 

d)

Aggregated information

Aggregated volume Price

1,000,000 Ordinary Shares at an aggregate value of $18,000.00

e)

Date of the transaction

31 October 2018

f)

Place of the transaction

London Stock Exchange, AIM (LON:88E)

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David James Wall

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

88 Energy Limited

b)

LEI

213800YFW5171TD69V35

4.(i)

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

Identification code

AU00000088E2

b)

Nature of the Transaction

Acquisition of Ordinary Shares through Rights Issue

c)

Price(s) and volume(s)

Number of Ordinary Shares

Price

4,613,096

$0.018

 

 

 

 

d)

Aggregated information

Aggregated volume Price

4,613,096 Ordinary Shares at an aggregate value of $83,035.72

e)

Date of the transaction

31 October 2018

f)

Place of the transaction

London Stock Exchange, AIM (LON:88E)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: 88 Energy Ltd

Price: 1

Market: AIM
Market Cap: £68.72 m
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