17 May 2021 07:00
17 May 2021
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Lekoil Limited
("LEKOIL" or the "Company")
Award of Options
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company made the following awards of options over ordinary shares of par value US$0.00005 each in the capital of the Company ("Ordinary Shares") under the Non-Executive Director Share Plan to Non-Executive Directors and Long Term Incentive Plan to PDMRs as follows:
Director | Options granted | Existing options | Total options |
Anthony Hawkins | 250,000 | - | 250,000 |
Mark Simmonds | 250,000 | - | 250,000 |
PDMR | Options granted | Existing options | Total options |
Edward During | 1,000,000 | - | 1,000,000 |
All options issued under these awards were issued on 30 October 2020 with an exercise price of 2.13p being the trailing three-day average closing price prior to the date of grant. Options have a three-year vesting period from the date of award and a seven-year expiry from when the options vest. The options issued to Mark Simmonds have since lapsed.
- ENDS -
For further information, please visit www.lekoil.com or contact:
LEKOIL Limited Hamilton Esi, Corporate Communications Damilola Isafiade, Investor Relations | +44 20 7457 2020 |
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) John Mackay / Jeff Keating / Stuart Gledhill / Richard Hail |
+44 20 3470 0470 |
Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas | +44 20 7186 9030 |
Instinctif (Financial PR) Mark Garraway / Galyna Kulachek / Sarah Hourahane | +44 20 7457 2020 lekoil@instinctif.com |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name
| Anthony Hawkins
| |
2
| Reason for the notification
| ||
a)
| Position/status
| Non-Executive Director
| |
b)
| Initial notification /Amendment
| Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a)
| Name
| Lekoil Limited | |
b)
| LEI
| 213800T6JMZ84UEF5C40 | |
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 par value US$0.00005 each
KYG5462G1073 | |
b)
| Nature of the transactions
| Grant of Options | |
c)
| Price(s) and volume(s)
| Price(s) 2.13p | Volume(s) 250,000 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
Single transactions as in 4 c) above 2.13p 250,000 | |
e)
| Dates of the transaction
| 30 October 2020 | |
f) | Place of transaction | AIM
| |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name
| Mark Simmonds
| |
2
| Reason for the notification
| ||
a)
| Position/status
| Non-Executive Director
| |
b)
| Initial notification /Amendment
| Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a)
| Name
| Lekoil Limited | |
b)
| LEI
| 213800T6JMZ84UEF5C40 | |
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 par value US$0.00005 each
KYG5462G1073 | |
b)
| Nature of the transactions
| Grant of Options | |
c)
| Price(s) and volume(s)
| Price(s) 2.13p | Volume(s) 250,000 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
Single transactions as in 4 c) above 2.13p 250,000 | |
e)
| Dates of the transaction
| 30 October 2020 | |
f) | Place of transaction | AIM
| |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name
| Edward During
| |
2
| Reason for the notification
| ||
a)
| Position/status
| Chief Financial Officer
| |
b)
| Initial notification /Amendment
| Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a)
| Name
| Lekoil Limited | |
b)
| LEI
| 213800T6JMZ84UEF5C40 | |
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 par value US$0.00005 each
KYG5462G1073 | |
b)
| Nature of the transactions
| Grant of Options | |
c)
| Price(s) and volume(s)
| Price(s) 2.13p | Volume(s) 1,000,000 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
Single transactions as in 4 c) above 2.13p 1,000,000 | |
e)
| Dates of the transaction
| 30 October 2020 | |
f) | Place of transaction | AIM
| |