PDMR Long-Term Incentive Plan Award
Jadestone Energy plc announced on March 23, 2026, that it has granted long-term incentive plan awards to certain employees, including share options exercisable at GBP 0.289, performance shares valued at GBP 0.276 and vesting based on ESG metrics and total shareholder return, and restricted shares also valued at GBP 0.276. Executive Chairman Dr. Adel Chaouch and CEO Thomas Mitchell Little each received 502,946 share options, 670,594 performance shares, and 502,946 restricted shares, while CFO Andrew J. Fairclough received 265,849 of each award type. The company has submitted an application for a block listing of 2,766,466 ordinary shares arising from these options, expected to be effective around March 27, 2026.
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23 March 2026 - 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 that, as part of its annual remuneration cycle, on 23 March 2026 it granted long-term incentive plan awards (the "2026 LTIP Awards") to certain employees.
The share options in the 2026 LTIP Awards vest in three equal tranches on 1 March 2027, 1 March 2028 and 1 March 2029, respectively. Upon vesting, the share options awards will be exercisable at a price of GBP 0.289 per share for a period of five years from the grant date of the options.
The performance shares in the 2026 LTIP Awards vest on 1 March 2029 and are based on a market value of GBP 0.276 per share. The number of performance shares to be issued on vesting will be determined against two performance measures which will be applied annually: (i) an ESG[1] metric based on the Group's Scope 1 greenhouse gas emissions from operated assets over the 2026-28 period, weighted at 20%, and (ii) an absolute total shareholder return metric over the 2026-2028 period, weighted at 80%.
The restricted shares in the 2026 LTIP Awards vest in three equal tranches on 1 March 2027, 1 March 2028 and 1 March 2029, respectively. The market value of the restricted shares awards is GBP 0.276 per share.
Each of Dr. Adel Chaouch (Executive Chairman) and Thomas Mitchell Little (Executive Director and CEO) received 502,946 share options awards, 670,594 performance shares awards and 502,946 restricted shares awards. Andrew J. Fairclough (Executive Director and CFO) received 265,849 share options awards, 354,465 performance shares awards and 265,849 restricted shares awards.
The application for a block listing of securities in respect of 2,766,466 ordinary shares arising from the share options award (the "New Ordinary Shares") to be admitted to trading on AIM, has been submitted by the Company to the London Stock Exchange, with the admission expected to become effective on or around 27 March 2026. When issued, the New Ordinary Shares will be credited as the Company's ordinary shares of £0.001 each, and each with voting rights in the capital of the Company.
FCA Notification
- Adel Chaouch (Executive Chairman of the Company), Thomas Mitchell Little (Executive Director and Chief Executive Officer of the Company) and Andrew J. Fairclough (Executive Director and Chief Financial Officer of the Company) are persons discharging managerial responsibilities. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below and gives further details on the transactions.
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
| 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 each in the share capital of Jadestone Energy plc ISIN: GB00BLR71299 |
| b) | Nature of the transaction: | i) Share options award; ii) Performance shares award; and iii) Restricted shares award. |
| c) | Price(s) and volume(s): | GBP 0.289 502,946 share options GBP 0.276 670,594 performance shares GBP 0.276 502,946 restricted shares |
| d) | Aggregated information: · Aggregated volume: · Price: | 502,946 share options 670,594 performance shares 502,946 restricted shares GBP 0.289 (for the share options) |
| e) | Date of the transaction: | 23 March 2026 |
| f) | Place of the transaction: | XOFF |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | Thomas Mitchell Little |
| 2. | Reason for the notification | |
| a) | Position/status: | Executive Director and Chief Executive Officer |
| 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 each in the share capital of Jadestone Energy plc ISIN: GB00BLR71299 |
| b) | Nature of the transaction: | i) Share options award; ii) Performance shares award; and iii) Restricted shares award. |
| c) | Price(s) and volume(s): | GBP 0.289 502,946 share options GBP 0.276 670,594 performance shares GBP 0.276 502,946 restricted shares |
| d) | Aggregated information: · Aggregated volume: · Price: | 502,946 share options 670,594 performance shares 502,946 restricted shares GBP 0.289 (for the share options) |
| e) | Date of the transaction: | 23 March 2026 |
| f) | Place of the transaction: | XOFF |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | Andrew J. Fairclough |
| 2. | Reason for the notification | |
| a) | Position/status: | Executive Director and Chief Financial Officer |
| 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 each in the share capital of Jadestone Energy plc ISIN: GB00BLR71299 |
| b) | Nature of the transaction: | i) Share options award; ii) Performance shares award; and iii) Restricted shares award. |
| c) | Price(s) and volume(s): | GBP 0.289 265,849 share options GBP 0.276 354,465 performance shares GBP 0.276 265,849 restricted shares |
| d) | Aggregated information: · Aggregated volume: · Price: | 265,849 share options 354,465 performance shares 265,849 restricted shares GBP 0.289 (for the share options) |
| e) | Date of the transaction: | 23 March 2026 |
| f) | Place of the transaction: | XOFF |
[1] Environmental, Social and Governance
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