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Lekoil Limited (LEK)
Lekoil Limited
PDMR Dealing
RNS Number : 0565G
Lekoil Limited
19 July 2019
19 July 2019
LEKOIL Limited
("LEKOIL" or the "Company")
PDMR Dealing
LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that it has received notifications that:
β’ Mr. Olalekan Akinyanmi, the Chief Executive Officer of the Company, purchased 915,950 ordinary shares of USD0.00005 par value each in the Company ("Ordinary Shares") at an average price of 4.2 pence per Ordinary Share on 16 July 2019. Following the transaction, Mr. Akinyanmi now has a total shareholding in LEKOIL of 40,248,501 Ordinary Shares representing approximately 7.5 per cent of the issued ordinary share capital of the Company.
β’ Mr. Gregory Eckersley, the Interim Chief Financial Officer of the Company, purchased 150,000 ordinary shares of USD0.00005 par value each in the Company at an average price of 4.0 pence per Ordinary Share on 16 July 2019. Following the transaction, Mr. Eckersley now has a total shareholding in LEKOIL of 3,153,050 Ordinary Shares representing approximately 0.6 per cent of the issued ordinary share capital of the Company.
β’ Mr. Samuel Olotu, the Chief Technical Officer of the Company, purchased 235,130 ordinary shares of USD 0.00005 par value each in the Company at an average price of 4.0 pence per Ordinary Share on 16 July 2019. Following the transaction, Mr. Olotu now has a total shareholding in LEKOIL of 299,260 Ordinary Shares representing approximately 0.1 per cent of the issued ordinary share capital of the Company.