Award of Restricted Shares
Executive Chairman awarded 1,089,580 restricted shares worth US$300,000 with three-year vesting.
- Restricted Shares awarded 1,089,580
- Value of award US$300,000
- Vesting period three years
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23 May 2025 - Singapore: Jadestone Energy plc (AIM:JSE) (the "Company" and together with its subsidiaries, "Jadestone" or the "Group"), an independent upstream production and development company focused on the Asia-Pacific region, announces the award of 1,089,580 Restricted Shares (equivalent to US$300,000) with a three-year vesting period to Dr. Adel Chaouch, the Executive Chairman of the Company. The Restricted Shares award has been made in accordance with Dr. Chaouch's Executive Chairman contract, which includes an incentive relating to the performance of the Akatara field onshore Indonesia, with these targets being achieved in April 2025.
- Chaouch is person discharging managerial responsibilities. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | Dr. Adel Chaouch |
| 2. | Reason for the notification | |
| a) | Position/status: | Executive Chairman |
| b) | Initial notification/Amendment: | Initial Notification |
| a) | Name | Jadestone Energy Plc |
| b) | LEI: | 21380076GWJ8XDYKVQ37 |
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of £0.001 ISIN: GB00BLR71299 |
| b) | Nature of the transaction: | Restricted shares award |
| c) | Price(s) and volume(s): | 1,089,580 restricted shares |
| d) | Aggregated information: · Aggregated volume: · Price: | 1,089,580 restricted shares |
| e) | Date of the transaction: | 22 May 2025 |
| f) | Place of the transaction: | XOFF |
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