5 Jun 2020 07:00
5 June 2020
Diversified Gas & Oil PLC
(the "Company")
Issue of Equity and Total Voting Rights
Diversified Gas & Oil PLC (LSE: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announced on 2 November 2017 the award of Restricted Stock Units ("RSUs") issued under the Company's equity incentive plan (the "Plan") to certain of the Company's senior management.
In accordance with the terms of the Plan, 28,334 RSU's held by a member of senior management incurred accelerated vesting related to the employee's retirement and the Company has therefore allotted 19,749 new ordinary shares of 1 pence each in the Company (net of withholding tax) (the "RSU Shares").
Application has been made for the RSU Shares to be admitted to the Premium Listing Segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange plc which is expected to occur on 10 June 2020. The RSU Shares rank pari passu in all respects with the existing Ordinary Shares.
Following the issue of the RSU Shares, the Company will have 707,105,251 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in DGO will be 707,105,251. This figure for the total number of voting rights may 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Brad Gray, Chief Operating Officer Eric Williams, Chief Financial Officer Teresa Odom, Vice President Investor Relations www.dgoc.com
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Buchanan Financial Public Relations Ben Romney Chris Judd Kelsey Traynor James Husband dgo@buchanan.uk.com | +44 (0)20 7466 5000
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