Last checked at 21 Jan 2019 07:00
Energean Oil & Gas plc
("Energean" or the "Company")
DIRECTOR/ PDMR Shareholding
London, 21 January 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג) , the London Premium Listed FTSE 250 and Tel Aviv Listed TA-90 E&P company with operations offshore Israel, Greece and the Adriatic, wishes to disclose the following transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them ("PCAs").
As described in the Admission Prospectus, on 30 June 2017, as part of the restructuring of the Group in preparation for Admission, the Company agreed to issue 174,138 ordinary shares to HIL Hydrocarbon Investments Limited ("HIL"), a company controlled by Efstathios Topouzoglou, and Capital Energy Investments Limited ("Capital"), a company controlled by Mathios Rigas, in consideration for the transfer of shares held by HIL and Capital, which represented the remaining 0.3% of the issued share capital of Energean E&P Holdings Limited ("the EEPHL Shares"). It was further agreed that this transaction would take place once certain security then in place over the EEPHL Shares had been discharged, with the EEPHL Shares being held on trust for the Company pending completion of the transaction.
The security over the EEPHL Shares has since been discharged and, accordingly, the EEPHL shares have been transferred from HIL and Capital to the Company and, on 16 January 2019, the Company duly issued 174,138 ordinary shares of 1p each as follows: 91,650 ordinary shares to HIL and 82,488 ordinary shares to Capital. Following completion of the transaction, the Company holds a direct interest in 100% of the issued share capital of EEPHL.
1 |
Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Capital Energy Investments Limited | ||||
2 |
Reason for the notification
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a) |
Position/status
|
PCA of Mathios Rigas | ||||
b) |
Initial notification /Amendment
| Initial notification | ||||
3 |
Details of the issuer
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a) |
Name
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Energean Oil & Gas plc
| ||||
b) |
LEI
| 549300RVMKU0CYUZBB05 | ||||
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 1p each
GB00BG12Y042 | ||||
b) | Nature of the transaction |
Receipt of ordinary shares by Capital Energy Holdings Limited (a company controlled by Mathios Rigas) as consideration for13, 748 shares of Energean E&P Holdings Limited.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) |
Aggregated information - Aggregated volume - Price
| N/A | ||||
e) |
Date of the transaction
|
2019-01-16
| ||||
f) |
Place of the transaction
|
Outside a trading venue
| ||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | H.I.L. Hydrocarbon Investments Limited | ||||
2 |
Reason for the notification
| |||||
a) |
Position/status
| PCA of Efstathios Topouzoglou | ||||
b) |
Initial notification /Amendment
| Initial notification | ||||
3 |
Details of the issuer
| |||||
a) |
Name
|
Energean Oil & Gas plc
| ||||
b) |
LEI
| 549300RVMKU0CYUZBB05 | ||||
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 1p each
GB00BG12Y042 | ||||
b) | Nature of the transaction |
Receipt of ordinary shares by HIL Hydrocarbon Investments Limited (a company controlled by Efstathios Topouzoglou) as consideration for 15,275 shares of Energean E&P Holdings Limited.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) |
Aggregated information - Aggregated volume - Price
| N/A | ||||
e) |
Date of the transaction
|
2019-01-16
| ||||
f) |
Place of the transaction
|
Outside a trading venue
| ||||
Enquiries
Energean | Tel: 07917 608645 |
Kate Sloan, Head of IR
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Camarco (Financial PR) | Tel: 020 3757 4980 |
Billy Clegg, Georgia Edmonds, Owen Roberts |
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