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22 Dec 2016 10:51
22 December 2016
Amerisur Resources Plc
Director/PDMR Dealings, Issue of Equity, Total Voting Rights
Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America, announces options over new ordinary shares of 0.1p each, granted under the Company's Long Term Incentive Plan ("LTIP") scheme in 2012, to Giles Clarke, Chairman and Nick Harrison, Finance Director of the Company, have been exercised. These awards are exercisable at par value and vested during the three-year period to 19th January 2015 following the achievement of performance conditions.
Mr Clarke and Mr Harrison have sold a number of the new ordinary shares, with proceeds from the sale approximately equal to the tax liabilities and other costs arising from the exercise of the share options, with the balance being retained.
Application has been made for 3,000,000 new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. It is expected that dealings will commence on 29 December 2016. Following the admission of the new ordinary shares, the Company will have 1,211,339,627 ordinary shares in issue.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to award of share options)
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Giles Clarke | |
2 | Reason for the notification | ||
a) | Position/status | Chairman | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Amerisur Resources Plc | |
b) | LEI | 2138008EMW6F92THIC31 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.1p each in Amerisur Resources Plc. ISIN: GB0032087826 | |
b) | Nature of the transaction | Exercise of options and disposal of ordinary shares | |
c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
Exercise of options: 0.1p Disposal of ordinary shares: 26.0p | Exercise of options: 1,500,000 Disposal of ordinary shares: 750,000 | ||
d)
| Aggregated Volume
Aggregated Price | Exercise of options: 1,500,000 Disposal of ordinary shares: 750,000
Exercise of options: 0.1p Disposal of ordinary shares: 26.0p | |
e) | Date of the transaction | 21 December 2016 | |
f) | Place of the transaction | London Stock Exchange, AIM Market | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Nick Harrison | |
2 | Reason for the notification | ||
a) | Position/status | Finance Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Amerisur Resources Plc | |
b) | LEI | 2138008EMW6F92THIC31 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.1p each in Amerisur Resources Plc.
ISIN: GB0032087826 | |
b) | Nature of the transaction | Exercise of options and disposal of ordinary shares | |
c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
Exercise of options: 0.1p Disposal of ordinary shares: 26.0p | Exercise of options: 1,500,000 Disposal of ordinary shares: 750,000 | ||
d)
| Aggregated Volume
Aggregated Price | Exercise of options: 1,500,000 Disposal of ordinary shares: 750,000
Exercise of options: 0.1p Disposal of ordinary shares: 26.0p | |
e) | Date of the transaction | 21 December 2016 | |
f) | Place of the transaction | London Stock Exchange, AIM Market | |
Ends
Enquiries:
Billy Clegg/Georgia Edmonds | Tel: +44 (0)203 757 4980 |
Camarco
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Callum Stewart/Ashton Clanfield/Nicholas Rhodes Stifel Nicolaus Europe Limited | Tel: +44 (0)20 7710 7600 |
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Chris Sim/George Price | Tel: +44 (0)207 597 4000 |
Investec |
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Darrell Uden/Marcus Jackson | Tel: +44 (0)207 653 4000 |
RBC Capital Markets |
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