24 Apr 2019 15:50
24 April 2019
Independent Oil & Gas PLC
("IOG" or the "Company")
Director/PDMR Shareholdings
Independent Oil and Gas plc (AIM: IOG.L), the development and production focused oil and gas company, announces that further to the completion of the Company's Placing, Subscription and Open Offer (together the "Fundraising"), IOG is pleased to confirm the participation in the Fundraising by certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company. Their participation in the Fundraising and revised shareholdings are shown below:
Director/Senior manager | Role | Number of Subscription Shares subscribed for | Number of Open Offer Shares received | Resultant number of Ordinary Shares held | Percentage of Enlarged Share Capital held |
Fiona MacAulay | Non-Executive Chair | 200,000 | - | 200,000 | 0.06% |
Andrew Hockey | CEO | 100,000 | - | 100,000 | 0.03% |
Mark Hughes | COO | 100,000 | 28,105 | 306,105 | 0.09% |
James Chance | CFO (PDMR) | 100,000 | - | 100,000 | 0.03% |
Esa Ikaheimonen | Non-Executive Director | 500,000 | - | 500,000 | 0.15% |
Rupert Newall | Head of Corporate Finance (PDMR) | 300,000 | - | 300,000 | 0.09% |
Gavin Milne | Financial Controller (PDMR) | 100,000 | - | 100,000 | 0.03% |
For more information please contact:
Independent Oil & Gas PLC Andrew Hockey (CEO) James Chance (CFO)Rupert Newall (Head of Corporate Finance) | +44 (0) 20 3879 0510 |
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finnCap Ltd (Nominated Adviser and Joint Bookrunner) Christopher Raggett, Simon Hicks (Corporate Finance) Camille Gochez (Corporate Broking)
| +44 (0) 20 7220 0500 |
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Peel Hunt LLP (Joint Bookrunner) Richard Crichton David McKeown
| +44 (0) 20 7418 8900 |
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GMP First Energy (Joint Bookrunner) Jonathan Wright
| +44 (0) 20 7448 0200 |
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Vigo Communications Patrick d'Ancona Chris McMahon Simon Woods
| +44 (0) 20 7390 0230 |
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1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
(a) | Name | Fiona MacAulay | |||
2. | Reason for the notification | ||||
(a) | Position/status | Non-Executive Chair | |||
(b) | Initial notification/ Amendment | Initial notification | |||
3. | Details of the issuer | ||||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |||
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |||
(c) | Nature of the transaction | Subscription for Ordinary Shares | |||
(d) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
10p | 200,000 | ||||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |||
(f) | Date of the transaction | 24 April 2019 | |||
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |||
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Andrew Hockey | |
2. | Reason for the notification | ||
(a) | Position/status | CEO | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Subscription for Ordinary Shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 100,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Mark Hughes | |
2. | Reason for the notification | ||
(a) | Position/status | COO | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Subscription for Ordinary Shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 100,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Mark Hughes | |
2. | Reason for the notification | ||
(a) | Position/status | COO | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Purchase of Ordinary Shares in Open Offer | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 28,105 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | James Chance | |
2. | Reason for the notification | ||
(a) | Position/status | CFO (PDMR) | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Subscription for Ordinary Shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 100,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Esa Ikaheimonen | |
2. | Reason for the notification | ||
(a) | Position/status | Non-Executive Director | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Subscription for Ordinary Shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 500,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Rupert Newall | |
2. | Reason for the notification | ||
(a) | Position/status | Head of Corporate Finance (PDMR) | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Subscription for Ordinary Shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 300,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Gavin Milne | |
2. | Reason for the notification | ||
(a) | Position/status | Financial Controller (PDMR) | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Independent Oil and Gas 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 | Independent Oil & Gas plc Ordinary Shares of 1p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BF49WF64 | |
(c) | Nature of the transaction | Subscription for Ordinary Shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
10p | 100,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
n/a | |
(f) | Date of the transaction | 24 April 2019 | |
(g) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |