Prospex Energy plc has granted a total of 3,700,000 share options in the company to directors and other staff following the annual review of staff remuneration.
OPTIONS
The new options represent 1.30% of the Prospex’s current issued share capital, and take the total number awarded to staff and management to 14,346,897, representing 5.04% of the total issued share capital.
The options, awarded at 12.25p per share and representing a 2.04% premium to the closing price of Prospex shares of 12.0p on 27 February 2023, will vest on 1 June 2023 and are exercisable for a period of five years.
PDMRs
Directors or persons discharging managerial responsibilities include chief executive officer Mark Routh; non-executive chairman Bill Smith; and independent non-executive director Alasdair Buchanan.
| Mark Routh | 1,233,333 |
| William Smith | 370,000 |
| Alasdair Buchanan | 370,000 |
| Other non-PDMR staff | 1,726,667 |
| Total | 3,700,000 |
Directors’ total after this award will encompass:
| Director | Number | % of current share capital |
| Mark Routh | 4,233,333 | 1.49% |
| William Smith | 2,191,669 | 0.77% |
| Alasdair Buchanan | 2,170,000 | 0.76% |
| Total Directors | 8,595,002 | 3.02% |