1 Jun 2022 15:28
1 June 2022
IOG plc
Director/PDMR Shareholding
IOG plc ("IOG", or "the Company"), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, announces that, on 1 June 2022, Andrew Hockey, CEO of the Company, bought 90,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 23.85 pence per Ordinary Share.
Following this purchase, Andrew Hockey will hold 920,729 Ordinary Shares, representing approximately 0.18% per cent. of the Company's voting rights.
Further information is set out in the PDMR disclosure table below.
1
| Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Andrew Hockey | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b)
| Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | IOG plc | |
b) | LEI | 2138005OA2NLZS2NRT74 | |
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 | IOG plc Ordinary Shares of 1p each | |
Identification code | ISIN: GB00BF49WF64 | ||
b) | Nature of the transaction | Purchase of Ordinary Shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
23.85p | 90,000 | ||
d) | Aggregated information
| Purchase of 90,000 Ordinary Shares at 23.85p per Ordinary Share | |
e) | Date of the transactions | 1 June 2022 | |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
Enquiries:
IOG plc Andrew Hockey (CEO) Rupert Newall (CFO) James Chance (Head of Capital Markets & ESG)
| +44 (0) 20 7036 1400 |
| |
finnCap Ltd Christopher Raggett / Simon Hicks
| +44 (0) 20 7220 0500 |
| |
Peel Hunt LLP Richard Crichton / David McKeown | +44 (0) 20 7418 8900 |
Vigo Consulting Patrick d'Ancona / Finlay Thomson / Oliver Clark
| +44 (0) 20 7390 0230 |
About IOG:
IOG is a Net Zero UK gas and infrastructure operator focused on high-return projects. The Company's operations are currently concentrated around its offshore and onshore Saturn Banks infrastructure in the UK Southern North Sea. Phase 1 of its Saturn Banks Project, which started production in March 2022, entails the commercialisation of the Blythe, Elgood and Southwark gas fields through this infrastructure. Phase 2 of the Saturn Banks Project entails the Nailsworth, Goddard and Elland gas discoveries, which are subject to future investment decisions and expected to be commercialised through the same export infrastructure. The Company also holds further licences with additional assets including the Abbeydale, Panther and Grafton gas discoveries, the Kelham North, Kelham Central, Thornbridge and Thornbridge Deep prospects, and part of the Orrell gas discovery. Currently, all IOG's licences are held 50:50 with its joint venture partner CalEnergy Resources (UK) Limited and operated by IOG. In addition, the Company continually evaluates further opportunities for accretive portfolio additions to help generate additional shareholder returns. Further details are available at www.iog.co.uk.