88 Energy Limited Exercise of Performance Rights and Issue of Equity

RNS Number : 6132Y

88 Energy Limited

31 July 2024

88 Energy Limited

Exercise of Performance Rights and Issue of Equity

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) announces that it has issued 41,140,000 New Ordinary Shares in the Company to Ashley Gilbert, Managing Director of the Company, following the exercise of performance rights.

Following the issue of the New Ordinary Shares Ashley Gilbert now holds a total of 41,140,000 ordinary shares, representing 0.14% of the issued share capital of the Company.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"), with Admission expected to take place at 8.00 a.m. on 6 August 2024.

Following the issue of the New Ordinary Shares, the Company has a total of 28,933,811,952 ordinary shares on issue, all of which have voting rights. The figure of 28,933,811,952 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company.

Media and Investor Relations:

88 Energy Ltd Ashley Gilbert, Managing Director
Tel: +61 8 9485 0990 Email:investor-relations@88energy.com
Fivemark Partners, Investor and Media Relations
Michael Vaughan	Tel: +61 422 602 720
EurozHartleys Ltd
Dale Bryan	Tel: + 61 8 9268 2829
Cavendish Capital Markets Limited	Tel: +44 (0)207 220 0500
Derrick Lee	Tel: +44 (0)131 220 6939
Pearl Kellie	Tel: +44 (0)131 220 9775

The information in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

Details of PDMR/person closely associated with them ("PCA")

1.1

Name

Ashley Gilbert

1.2

Position/Status

Managing Director

1.3

Initial notification / amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

2.1

Name

88 Energy Limited

2.2

LEI

213800YFW5171TD69V35

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

3.1

Description of the financial instrument

Identification code

Ordinary shares

AU00000088E2

3.2

Nature of the transaction

Exercise of performance rights / acquisition of fully paid ordinary shares, through the Company's long tern incentive scheme

3.3

Price(s) and volume(s)

Price(s)	Volume(s)
nil	41,140,000

3.4

Aggregated information

· Aggregated volume

· Price

41,140,000

nil

3.5

Date of the transaction

31 July 2024

3.6

Place of the transaction

Outside of a trading venue

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END

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