21 Mar 2012 15:56
For immediate release
21 March 2012
Hardy Oil and Gas plc
("Hardy" or "the Company")
As announced on 15 March 2012, Hardy Oil and Gas plc (LSE: HDY.L) had approved the issue of an aggregate of 237,502 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") to all of its Non-Executive Directors, including the Chairman.
The table below sets out details of the number of underlying Ordinary Shares contained under each relevant grant or award to each non-executive director. These transactions are notified as required by Disclosure Rule 3.1.4 (R).
Name of Director / PDMR and Position3 | DTR 3.1.4 (R) template reference | Alasdair Locke | Peter Milne | Paul Mortimer | Carol Bell | Ian Bruce | Pradip Shah |
Non-Executive Chairman | Non-Executive | Non-Executive | Senior Non-Executive | Non-Executive | Non-Executive | ||
Name of registered shareholder | 7 | Cains Fiduciaries Limited | |||||
Nature of Transaction | 8 | Restricted Share Grant | |||||
Number of shares acquired | 9 | 182,342 | 30,000 | 7,742 | 5,806 | 5,806 | 5,806 |
Percentage of issued class acquired | 10 | 0.25% | 0.04% | 0.01% | 0.008% | 0.008% | 0.008% |
Price per Ordinary Share and value of Transaction (£) | 13 | 155p (£282,630) | 155p (£46,500) | 155p (£12,000) | 155p (£9,000) | 155p (£9,000) | 155p (£9,000) |
Date and place of transaction | 14 | 14 March 2012 (Shares listed on 21 March 2012) | |||||
Total holding and total percentage holding following notification | 15 | 754,227 (1.03%) | 30,000 (0.04%) | 889,935 (1.22%) | 14,912 (0.02%) | 450,698 (0.62%) | 679,374 (0.93%) |
Date issuer informed of transaction | 16 | 21 March 2012 | |||||
The Ordinary Shares are subject to Restricted Shares Agreements whereby such Ordinary Shares will be restricted for a period of three years from the date of issue and, save in certain circumstances, will only be released if the Non-Executive Director remains a Director throughout the three year period.
For further information please contact:
Hardy Oil and Gas plc 020 7471 9850
Ian MacKenzie Chief Executive Officer
Richard Galvin Treasurer & Corporate
Affairs Officer
Arden Partners plc 020 7614 5917
Richard Day
Justine Waldisberg
Tavistock Communications 020 7920 3150
Simon Hudson / Paul Youens
Jeremy Carey