Star Energy Group PLC has announced its application for a block listing of 1,000,000 Ordinary Shares of 0.002p each to be admitted to trading on AIM. The purpose of this listing is to satisfy the issue of shares under the Company's employee share option schemes, including the 2015 Management Retention Plan, the 2016 Executive Incentive Plan, and the 2015 Executive Director Retention Plan. The shares are expected to be admitted to trading subsequent to 8:00 am on 18 June 2024 and will rank pari passu with the existing ordinary shares of the Company.
For further information, individuals can contact Ann-marie Wilkinson, Chief of Staff at Star Energy Group plc. The Company's NOMAD and Joint Corporate Broker is Investec Bank plc, and Canaccord Genuity serves as the Joint Corporate Broker. Vigo Consulting and Supplied Euroland.com are also available for inquiries.
This announcement provides insight into the Company's plans to issue shares under its employee share option schemes, demonstrating its commitment to incentivizing and retaining key personnel. The block listing application signifies the Company's proactive approach to managing its share capital and aligning employee incentives with the Company's long-term success.