Last checked at 16 Jul 2018 14:52
Monday, 16th July 2018
Energean Oil & Gas plc
("Energean" or the "Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them
Energean Oil & Gas plc (LSE: ENOG) announces that certain employees have been granted awards over ordinary shares of 1p each in the Company ("Ordinary Shares") under its 2018 Long-Term Incentive Plan (the "LTIP").
In relation to each PDMR, details of the number of shares under the awards and of each PDMR are detailed below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Matthaios Rigas | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. The award will be subject to a further two year holding period ending on 30 June 2023. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Panos Benos | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. The award will be subject to a further two year holding period ending on 30 June 2023. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Steven Moore | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Growth Officer | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Shaul Zemach | ||||
2 | Reason for the notification | |||||
a) | Position/status | Country Manager Israel | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Fred Riddiford | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Reservoir Engineering Manager | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Donaldson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director, Kavala Oil S.A.and Prinos Asset Manager | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dimitris Gontikas | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director and Vice Chairman, Energean Oil and Gas S.A. | ||||
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 | ||||
c) | Nature of the transaction | Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-07-12 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries
Energean | Tel: 020 3859 3540 |
Kate Sloan, Head of IR
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Camarco (Financial PR) | Tel: 020 3757 4980 |
About Energean Oil & Gas Energean is a London Premium-Listed independent E&P company focused on the Eastern Mediterranean region, where it operates in offshore Israel, Greece and the Adriatic and holds 13 licences. The Group has 2P reserves of 51 Mmboe plus 2C resources of 45.9 Mmbbls oil and 1.7 Tcf of gas.
In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use an FPSO and produce first gas for the Israeli market in 2021. In Greece, the Company is pursuing an ongoing investment and development programme to increase production from its Prinos and Prinos North oil fields and to develop the Epsilon oil field, located in the Gulf of Kavala, Northern Greece.
Energean has five exploration licences offshore Israel, and a 25 year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences offshore Western Greece, and Montenegro.
www.energean.com
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