REG - Star Energy Group - Grant of Awards under Management Retention Plan

Star EnergyAnnouncement

16/05/2025 07:00

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RNS Number : 8946I  Star Energy Group PLC  16 May 2025

16 May 2025

 

Star Energy Group plc (AIM: STAR)

("Star Energy" or the "Company")

 

Grant of awards under the Star Energy Group plc Management Retention Plan

In order to better align the interests of Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and other key employees of the Group
with those of shareholders, the Board of the Company determined that annual
bonuses in excess of £15,000 will be paid to recipients in a combination of
both cash and restricted stock, at its discretion.

 

Management Retention Plan ("MRP")

 

The Company announces the following grant to the following Director and PDMR
of nil cost options over ordinary shares of the Company of nominal value 0.002
pence per share (the "Ordinary Shares") under the rules of the Company's MRP,
which was adopted by the Board in 2015:

 

 Name of Director/PDMR  Position                  Number of Ordinary Shares subject to the award

 Ross Glover            Chief Executive Officer   343,424

 Frances Ward           Chief Financial Officer   265,751

This award is subject to malus and clawback and may not be exercised or
disposed of until 17 October 2025.

 

The information set out below is provided in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation:

 

 1   Details of Director/ PDMR / person closely associated
 a)  Name                                             (i)Ross Glover

                                                      (ii) Frances Ward
 2   Reason for the notification
 a)  Position / status                                (i)Chief Executive Officer

                                                      (ii) Chief Financial Officer

 b)  Initial notification /amendment                   Initial notification
 3   Details of the issuer
 a)  Name                                             Star Energy Group plc
 b)  LEI                                              213800S8WP2L294NR559
 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 instrument          Ordinary shares of 0.002p each
 b)  Identification code of the Financial Instrument  ISIN for Star Energy Group plc: GB00BZ042C28
 c)  Nature of the transaction                        Grant of nil cost options by the Company under the Company's MRP
 d)  Price(s) and volume(s)                            Price /  Volume
                                                      (i)            £nil / 343,424

                                                      (ii)           £nil/ 265,751
 e)  Aggregated information                           N/A
     -  Aggregated volume
     -  Price
 f)  Date of the transaction                          16 May 2025
 g)  Place of the transaction                         Outside a trading venue

 

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules
for Companies.

For further information please contact:

Star Energy Group plc

Tel: +44 (0)20 7993 9899

Ross Glover, Chief Executive Officer

Frances Ward, Chief Financial Officer

 

Zeus (Nominated Adviser & Broker)

Tel: +44 (0)203 829 5000

Antonio Bossi, Alexandra Campbell-Harris (Investment Banking)

Simon Johnson (Corporate Broking)

 

Vigo Consulting

Tel: +44 (0)207 597 5970

Patrick d'Ancona/Finlay Thomson/Kendall Hill

 

 

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