TIDMCLON

RNS Number : 9906M

Clontarf Energy PLC

17 January 2023

17 January 2023

Clontarf Energy plc

("Clontarf" or "the Company")

Grant of Share Options

Clontarf Energy plc (AIM: CLON) is pleased to announce that the following long-term, incentive share options have today been granted over, in aggregate, 160,000,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") (the "Options").

The Options vest immediately, have an exercise price of 0.0725p and an expiry date of 16 January 2030. The exercise price represents a premium of c. 4% to the closing price on 16 January 2023, being the last trading day before the award of the Options.

The Options have been awarded as follows:

 
 Director/PDMR                            Number of Share Options 
                                           Granted 
---------------------------------------  ------------------------ 
 David Horgan, Chairman                   60,000,000 
---------------------------------------  ------------------------ 
 Peter O'Toole, Non-Executive Director    40,000,000 
---------------------------------------  ------------------------ 
 James Finn, Financial Director and 
  Company Secretary                       40,000,000 
---------------------------------------  ------------------------ 
 Dipti Mehta, Financial Controller        20,000,000 
 

Following the grant of Options, a total of 200,500,000 long-term, incentive options are outstanding, representing approximately 4.59% of the Company's issued share capital as enlarged by the fundraising announced on 16 January 2023.

S

For further information please visit http://clontarfenergy.com or contact:

 
 Clontarf Energy 
  David Horgan, Chairman 
  Jim Finn, Director                +353 (0) 1 833 2833 
 
 Nominated & Financial Adviser 
  Strand Hanson Limited 
  Rory Murphy 
  Ritchie Balmer                   +44 (0) 20 7409 3494 
 Broker 
  Novum Securities Limited 
  Colin Rowbury                      +44 (0) 207 399 9400 
 
 Public Relations 
  BlytheRay 
  Megan Ray                          +44 (0) 207 138 3206 
 Teneo 
  Luke Hogg 
  Alan Tyrrell                        +353 (0) 1 661 4055 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              David Horgan 
     --------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Chairman 
     --------------------------------  ----------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              Clontarf Energy plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NKZVQUY8I72R68 
     --------------------------------  ----------------------------------- 
 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      Share Options over Ordinary Shares 
       instrument, type of instrument 
     --------------------------------  ----------------------------------- 
      Identification code               GB00B09WLX62 
     --------------------------------  ----------------------------------- 
 b)   Nature of the Transaction         Grant of Options 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                          GBP0.000725    60,000,000 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single Transaction) 
       Aggregated volume Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           17 January 2023 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Peter O'Toole 
     --------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Director 
     --------------------------------  ----------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              Clontarf Energy plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NKZVQUY8I72R68 
     --------------------------------  ----------------------------------- 
 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      Share options over Ordinary Shares 
       instrument, type of instrument 
     --------------------------------  ----------------------------------- 
      Identification code               GB00B09WLX62 
     --------------------------------  ----------------------------------- 
 b)   Nature of the Transaction         Grant of Options 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                          GBP0.000725    40,000,000 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single Transaction) 
       Aggregated volume Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           17 January 2023 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              James Finn 
     --------------------------------  ----------------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                   Financial Director and Company Secretary 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ----------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                              Clontarf Energy plc 
     --------------------------------  ----------------------------------------- 
 b)   LEI                               213800NKZVQUY8I72R68 
     --------------------------------  ----------------------------------------- 
 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      Share options over Ordinary Shares 
       instrument, type of instrument 
     --------------------------------  ----------------------------------------- 
      Identification code               GB00B09WLX62 
     --------------------------------  ----------------------------------------- 
 b)   Nature of the Transaction         Grant of Options 
     --------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                          GBP0.000725    40,000,000 
     --------------------------------  ----------------------------------------- 
 d)   Aggregated information            N/A (Single Transaction) 
       Aggregated volume Price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           17 January 2023 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ----------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Dipti Mehta 
     --------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Financial Controller 
     --------------------------------  ----------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              Clontarf Energy plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NKZVQUY8I72R68 
     --------------------------------  ----------------------------------- 
 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      Share options over Ordinary Shares 
       instrument, type of instrument 
     --------------------------------  ----------------------------------- 
      Identification code               GB00B09WLX62 
     --------------------------------  ----------------------------------- 
 b)   Nature of the Transaction         Grant of Options 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                          GBP0.000725    20,000,000 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single Transaction) 
       Aggregated volume Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           17 January 2023 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside of a trading venue 
     --------------------------------  ----------------------------------- 
 

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END

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(END) Dow Jones Newswires

January 17, 2023 05:34 ET (10:34 GMT)

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