Block Energy plc, focused on Georgia, issued 35,912,008 shares of 0.25 pence each and 10,548,289 nil-cost options over ordinary shares under its performance related scheme.
DIRECTORS /PDMRs
The company’s renumeration committee made the awards to a senior executive, two management and four staff for the financial year ended 3 December 2024.
Additionally, on 6 February 2025 chief executive officer and director Paul Haywood exercised nil-cost options to acquire 1,058,640 ordinary shares of 0.25p each, leaving him with 75,751,143 options.
On the same date commercial manager and PDMR Fergus Robson exercised nil-cost options to acquire 995,025 ordinary shares of 0.25p each, resulting in 11,968,541 options held.
A total 2,053,665 of the shares held in Block’s employee benefit trust will fulfill the exercise of the nil-cost options.
This leaves the EBT with 70,567,687 shares, representing 9.17% of the current issued share capital.
Mr Haywood was also granted 31,167,431 shares giving him in total 44,770,452 following the exercise and award.
Mr Robson received 4,744,577 shares taking his total to 5,739,602.
Chief operating officer Guram Maisuradze received 4,695,418 options and now holds 12,112,045 options over ordinary shares.
Following admission of the 35,912,008 shares, Block’s issued share capital will comprise 769,307,945 ordinary shares, each with one voting right.