Block Energy plc, the development and production company focused on Georgia, announces that Paul Haywood, CEO, has exercised an option to acquire 4,400,000 ordinary shares of 0.25 pence each ("Ordinary Shares") at the exercise price of 2.5 pence per share.
On 16 March 2021, the Company received the exercise proceeds of £110,000 and allotted 4,400,000 Ordinary Shares to Paul Haywood.
Mr Haywood now holds 12,544,381 Ordinary Shares, representing 2.02 per cent of the Company's enlarged issued share capital, directly in his own name and a further 3,166,837 Ordinary Shares, representing 0.51 per cent of the Company's enlarged issued share capital, is owned by Plutus Strategies Ltd, a company in which he is a shareholder.