Issue of Performance Shares
Company issued 6.5 million performance shares to directors following increased mineral resource estimate.
- Performance Shares issued 6,500,000
- Anthony Hamilton holding post-issue 14,038,558 shares (13.6%)
- Mark Wallace holding post-issue 14,038,558 shares (13.6%)
- Total Ordinary Shares post-Admission 103,593,987
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The Company has issued 6,500,000 performance shares ("Performance Shares") to Westmarket Corporation Pty Ltd, a company owned equally by Anthony Hamilton and Mark Wallace, directors of the Company. The performance shares are issued following the increased mineral resource estimate of the Company's EP513 asset, as reported on 17 October 2025.
The Performance Shares formed part of the total consideration for Georgina Energy plc at the time of the company's reverse takeover as set out in the prospectus dated 11 July 2024.
Director Holdings Summary
Following the issue of the Performance Shares, the aggregate holdings of Anthony Hamilton and Mark Wallace are as follows:
| Current Holdings (1,2,3) | % Current | Performance Shares (4) | Total | % following Admission | |
|---|---|---|---|---|---|
| Anthony Hamilton | 10,788,558 | 11.1% | 3,250,000 | 14,038,558 | 13.6% |
| Mark Wallace | 10,788,558 | 11.1% | 3,250,000 | 14,038,558 | 13.6% |
Notes
- Anthony Hamilton and Mark Wallace each hold 50% of Westmarket Corporation Pty Ltd, a holder of 21,443,579 ordinary shares
- Anthony Hamilton holds the entire issued share capital in Leaky Boat Super Pty Ltd, a holder of 66,768 ordinary shares
- Mark Wallace holds the entire issued share capital in Mordale Super Pty Ltd, a holder of 66,768 ordinary shares
- 6,500,000 Performance Shares shall be issued to Westmarket Corporation Pty Ltd, a company owned equally by Anthony Hamilton and Mark Wallace
Lock in Agreement
The Performance Shares shall be locked in for a period of 24 months from the date of admission.
Admission
The Company will seek admission of the 6,500,000 New Ordinary Shares to trading on the Equity (transition) category of the Official List and the London Stock Exchange at 8.00 a.m. on 18 April 2025 ("Admission").
Total Voting Rights
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged share capital will comprise 103,593,987 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.