Vesting of Share Awards and Director Share Dealing

Source: 4/27/2023, Location: Asia

Jadestone Energy plc an independent oil and gas production company focused on the Asia-Pacific region, announces that a total of 79,327 performance share awards ("PS Awards") granted by the Company on 27 April 2020 pursuant to the Company's Performance Share Plan vested on 27 April 2023 following the application of performance conditions measured over the three-year period to 31 December 2022. In addition, a total of 101,063 restricted share awards ("RS Awards") granted by the Company on 27 April 2020 pursuant to the Company's Restricted Share Plan vested on 27 April 2023.

With the vesting of the PS Awards and the RS Awards , 180,390 ordinary shares of £0.001 each in the capital of the Company have been issued on 27 April 2023 amongst a number of employees. This includes the issuance of 124,313 shares to A. Paul Blakeley, Executive Director, President and CEO of Jadestone.

Following the shares issuance, Mr. Blakeley holds a total of 4,357,111 ordinary shares, which represents 0.98% 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.

Application has been made to the London Stock Exchange for PS Awards and RS Awards to be admitted to trading on AIM. It is expected that admission will become effective, and that dealings will commence at 8.00 a.m. BST on 3 May 2023.

Total Voting Rights
Following the vesting of the PS Awards and RS Awards, the Company will have 446,611,191 Ordinary Shares (excluding treasury shares) of £0.001 par value each in issue, and no Ordinary Shares in treasury. Therefore, the total voting rights in the Company will be 446,611,191.

This figure should 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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