Star Energy Group plc has issued an aggregate of 777,812 ordinary shares of 0.002 pence each, at nil cost, after its chief executive officer and chief financial officer exercised share options.
TVRs
The options exercise is under the company’s 2015 management retention plan and the 2016 executive incentive plan.
CEO Ross Glover exercised 643,424 option shares, taking his holding to 1,125,870 ordinary shares, representing 0.58% of the company’s issued share capital.
CFO Frances Ward exercised 134,388 option shares and will have 371,475 ordinary shares (0.19%).
Following admission, Star’s total issued share capital will comprise 192,642,955 ordinary shares, with voting rights.
The number of deferred shares remains at 303,305,534.
The company said that Mr Glover and Ms Ward intended to sell ordinary shares to cover tax and national insurance liabilities.
The company holds onshore oil and gas projects in the East Midlands and the South of England, as well as shale gas exploration licences and geothermal interests.