Sintana Energy Inc (LON:SERI, TSXV:SEI, OTCQX:SEUSF), has reported that its Board of Directors has approved the grant of a total of 7,250,000 restricted share units (RSUs) to several directors and service providers of the Company.
In addition, the Company announces that it has received a notice of exercise in respect of stock options over 400,000 common shares of no-par value each in the Company. The Company is also issuing an aggregate of 2,600,000 Common Shares upon the conversion of RSUs.
The Persons Discharging Managerial Responsibilities who have exercised stock options and/or converted RSUs into Common Shares are as follows:
| Name of PDMR | Number of RSUs converted into Common Shares | Number of stock options exercised | Resultant holding in the Company | Resultant percentage interest in the Company |
| Keith Spickelmier(Non-Executive Chairman) | 800,000 | 300,000 | 6,552,500 | 1.3% |
| Douglas Manner(Non-Executive Director) | 600,000 | – | 5,595,558 | 1.1% |
Total Voting Rights
Application has been made for admission to trading on the AIM of a total of 3,000,000 new Common Shares of no-par value. Admission is expected on 7 January 2026. On Admission, the new Common Shares will rank pari passu with the Company’s existing Common Shares. Following Admission, the Company’s issued share capital will consist of 513,356,240 Common Shares, with each Common Share carrying the right to one vote. The Company does not hold any Common Shares in treasury.
This figure of 513,356,240 Common Shares may therefore be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.
