Director Share Dealing
3 October 2024 - Singapore: Jadestone Energy plc (AIM:JSE) ("Jadestone" or the "Company"), an independent upstream production company focused on the Asia-Pacific region, announces that A. Paul Blakeley, President and Chief Executive Officer of Jadestone, has acquired a total of 511,000 ordinary shares in the Company, for a total amount of £149,800.
Following the transaction, Mr. Blakeley holds a total of 5,454,992 ordinary shares, which represents 1.01% of the Company's issued share capital.
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below and gives further details on the transaction described above.
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: | A. Paul Blakeley |
| 2. | Reason for the notification | |
| a) | Position/status:
| President and Chief Executive Officer |
| b) | Initial notification/Amendment:
| Initial Notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Jadestone Energy Plc |
| b) | LEI: | 21380076GWJ8XDYKVQ37 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| 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: | Purchase of ordinary shares |
| c) | Price(s) and volume(s): | £0.29 and 511,000 ordinary shares |
| d) | Aggregated information: · Aggregated volume: · Price: |
511,000 ordinary shares £149,800 |
| e) | Date of the transaction: | 2 October 2024 |
| f) | Place of the transaction: | AIMX
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-ends-
For further information, please contact:
| Jadestone Energy plc | |
| Paul Blakeley, President and CEO | +65 6324 0359 (Singapore) |
| Bert-Jaap Dijkstra, CFO Phil Corbett, Head of Investor Relations |
+44 (0) 7713 687467 (UK) |
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| Stifel Nicolaus Europe Limited (Nomad, Joint Broker) | +44 (0) 20 7710 7600 (UK) |
| Callum Stewart | |
| Jason Grossman | |
| Ashton Clanfield | |
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| Peel Hunt LLP (Joint Broker) | +44 (0) 20 7418 8900 (UK) |
| Richard Crichton | |
| David McKeown Georgia Langoulant | |
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| Camarco (Public Relations Advisor) | +44 (0) 203 757 4980 (UK) |
| Billy Clegg | |
| Georgia Edmonds Elfie Kent | |
About Jadestone Energy
Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive upstream investment climate.
Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman Energy's business in Asia-Pacific, the Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such as at Akatara in Indonesia, Nam Du/U Minh in Vietnam and the SFA Cluster offshore Malaysia, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.
Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
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