Prospex Energy plc has granted a total of 14,350,000 share options in the company to directors and other staff, following its review of staff remuneration. DIRECTORS The award the options was deferred from the first quarter of 2026, pending publication of the company’s annual report. Prospex said that the options represent 3.31% of its current […]
Tag: Selva gas field – Podere Gallina licence – Po Valley – Italy
Prospex CEO increases shareholding
Prospex Energy plc chief executive officer Tom Reynolds has bought 698,549 ordinary shares of 0.1 pence each in the company, at an 3.58p per ordinary share. Following the £25,000 transaction on 4 June 2026, Mr Reynolds has a beneficial interest in 698,549 ordinary shares, representing 0.16% of the company’s total issued share capital. Prospex holds onshore […]
Prospex appoints non-executive director
Prospex Energy plc has appointed Simon Ashby-Rudd as a non-executive director, with immediate effect. NED Andrew Hay will not stand for re-election at the company’s general meeting, expected in June 2026. Non-executive chairman Bill Smith said that Mr Hay had “ably served the company as a non-executive director since 2023”, adding: “Andrew’s contributions, insights and […]
Prospex raises £2m from CLN
Prospex Energy plc has raised £2 million through its unsecured convertible loan notes, including £653,950 from an extended offering. GAS The overall figure is 25% greater than the initial target of £1.6m, due to strong demand. Net proceeds will support the company’s onshore gas projects, including expenditure in Italy and Spain. The company said its […]
Prospex settles third CLNs repayment
Prospex Energy plc has settled the third and final capital repayment plus accrued interest from the September 2022 convertible loan notes of a total £500,000 value. GROWTH Using accumulated cash within the company, a total of £175,239.83 has been paid to the three CLN holders. Chief executive Mark Routh said that Prospex was now completely […]
Prospex converts £471,000 CLNs for 11m shares
Prospex Energy plc has received notices to convert £470,840.17 in four convertible loan notes (CLNs) for 11,078,594 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. Following admission, the company will have 304,835,746 ordinary shares in issue. Prospex holds gas interests in Selva (37%) […]