The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLEK.L Regulatory News (LEK)

  • There is currently no data for LEK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PDMR Dealing

19 Jul 2019 07:00

RNS Number : 0565G
Lekoil Limited
19 July 2019
 

19 July 2019

 

LEKOIL Limited

("LEKOIL" or the "Company")

 

PDMR Dealing

 

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that it has received notifications that:

 

• Mr. Olalekan Akinyanmi, the Chief Executive Officer of the Company, purchased 915,950 ordinary shares of USD0.00005 par value each in the Company ("Ordinary Shares") at an average price of 4.2 pence per Ordinary Share on 16 July 2019. Following the transaction, Mr. Akinyanmi now has a total shareholding in LEKOIL of 40,248,501 Ordinary Shares representing approximately 7.5 per cent of the issued ordinary share capital of the Company.

 

• Mr. Gregory Eckersley, the Interim Chief Financial Officer of the Company, purchased 150,000 ordinary shares of USD0.00005 par value each in the Company at an average price of 4.0 pence per Ordinary Share on 16 July 2019. Following the transaction, Mr. Eckersley now has a total shareholding in LEKOIL of 3,153,050 Ordinary Shares representing approximately 0.6 per cent of the issued ordinary share capital of the Company. 

 

• Mr. Samuel Olotu, the Chief Technical Officer of the Company, purchased 235,130 ordinary shares of USD 0.00005 par value each in the Company at an average price of 4.0 pence per Ordinary Share on 16 July 2019. Following the transaction, Mr. Olotu now has a total shareholding in LEKOIL of 299,260 Ordinary Shares representing approximately 0.1 per cent of the issued ordinary share capital of the Company. 

 

 

For further information, please visit www.lekoil.com or contact:

 

Lekoil Limited

Alfred Castaneda, Investor Relations

 

+44 20 7920 3150

Strand Hanson Limited (Financial & Nominated Adviser)

James Spinney / Ritchie Balmer / Eric Allan

 

+44 20 7409 3494

Mirabaud Securities Limited (Joint Broker)

Peter Krens / Edward Haig-Thomas

 

+44 20 7878 3362 / +44 20 7878 3447

Numis Securities (Joint Broker)

John Prior / Emily Morris

+44 20 7260 1000

Tavistock (Financial PR)

Simon Hudson / Barney Hayward / Charles Vivian

+44 20 7920 3150

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

OLALEKAN AKINYANMI

 

2

Reason for the notification

a)

Position/status

 CHIEF EXECUTIVE OFFICER

b)

Initial notification /Amendment

 INITIAL

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

LEKOIL

b)

LEI

LEK LN (LEKOF)

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

ORDINARY SHARES

 

 

Identification code

 

 

 

b)

Nature of the transaction

PURCHASE

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

 

 

4.2 pence

915,950

 

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

915,950

 

 

- Price

4.2 pence

 

 

e)

Date of the transaction

16 JULY 2019

f)

Place of the transaction

London Stock Exchange (XLON); AIM

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

GREGORY ECKERSLEY

 

2

Reason for the notification

a)

Position/status

 INTERIM CHIEF FINANCIAL OFFICER

b)

Initial notification /Amendment

 INITIAL

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

LEKOIL

b)

LEI

LEK LN

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

ORDINARY SHARES

 

 

Identification code

 

 

 

b)

Nature of the transaction

PURCHASE

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

 

 

4.0 pence

150,000

 

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

150,000

 

 

- Price

4.0 pence

 

 

e)

Date of the transaction

16 JULY 2019

f)

Place of the transaction

London Stock Exchange (XLON); AIM

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

SAMUEL OLOTU

 

2

Reason for the notification

a)

Position/status

 CHIEF TECHNICAL OFFICER

b)

Initial notification /Amendment

 INITIAL

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

LEKOIL

b)

LEI

LEK LN

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

ORDINARY SHARES

 

 

Identification code

 

 

 

b)

Nature of the transaction

PURCHASE

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

 

 

4.0 pence

235,130

 

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

235,130

 

 

- Price

157,000 at 4.0 pence

 

78,130 at 3.9 pence

 

 

e)

Date of the transaction

16 JULY 2019

f)

Place of the transaction

London Stock Exchange (XLON); AIM

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHMMGMNGLDGLZG
Date   Source Headline
20th Apr 20204:36 pmRNSPrice Monitoring Extension
16th Apr 20204:41 pmRNSSecond Price Monitoring Extn
16th Apr 20204:36 pmRNSPrice Monitoring Extension
16th Apr 202012:07 pmRNSSecond Price Monitoring Extn
16th Apr 202012:03 pmRNSPrice Monitoring Extension
15th Apr 20204:40 pmRNSSecond Price Monitoring Extn
15th Apr 20204:36 pmRNSPrice Monitoring Extension
15th Apr 202012:08 pmRNSSecond Price Monitoring Extn
15th Apr 202012:03 pmRNSPrice Monitoring Extension
3rd Apr 20207:00 amRNSCost Reduction Measures and Optimum Payment
2nd Apr 20204:41 pmRNSSecond Price Monitoring Extn
2nd Apr 20204:36 pmRNSPrice Monitoring Extension
31st Mar 202011:35 amRNSTR-1: Notification of Major Holdings
25th Mar 20207:00 amRNSProcessing of Payment for OPL 310 Ongoing
11th Mar 202012:07 pmRNSSecond Price Monitoring Extn
11th Mar 202012:02 pmRNSPrice Monitoring Extension
10th Mar 202012:07 pmRNSSecond Price Monitoring Extn
10th Mar 202012:02 pmRNSPrice Monitoring Extension
2nd Mar 20207:00 amRNSInvestigation into OPL 310 Facility Agreement
27th Feb 20204:40 pmRNSSecond Price Monitoring Extn
27th Feb 20204:35 pmRNSPrice Monitoring Extension
26th Feb 20204:17 pmRNSTR-1: Notification of major holdings
27th Jan 20207:00 amRNSUpdate on Otakikpo Operations
21st Jan 20204:40 pmRNSSecond Price Monitoring Extn
21st Jan 20204:35 pmRNSPrice Monitoring Extension
21st Jan 20202:29 pmRNSOPL 310 Project Update
15th Jan 20205:20 pmRNSTR-1: Notification of major holdings
14th Jan 20207:30 amRNSRestoration - Lekoil Limited
13th Jan 20206:04 pmRNSFurther update on Facility Agreement and Trading
13th Jan 20207:50 amRNSSuspension - Lekoil Limited
13th Jan 20207:46 amRNSSuspension of Trading on AIM
10th Jan 20207:00 amRNSCommencement of Site Survey on OPL 310
7th Jan 20209:11 amRNSHolding(s) in Company
6th Jan 20207:00 amRNSDirectorate Changes
3rd Jan 202011:18 amRNSHolding(s) in Company
2nd Jan 202012:07 pmRNSSecond Price Monitoring Extn
2nd Jan 202012:02 pmRNSPrice Monitoring Extension
2nd Jan 20207:00 amRNSOPL 310 Appraisal Funding Secured
20th Dec 20197:00 amRNSRepayment of Outstanding Advance Payment Facility
13th Dec 20194:40 pmRNSSecond Price Monitoring Extn
13th Dec 20194:35 pmRNSPrice Monitoring Extension
15th Nov 20197:00 amRNSAcknowledgment of OPL310 Licence Extension Payment
14th Nov 20194:40 pmRNSSecond Price Monitoring Extn
14th Nov 20194:35 pmRNSPrice Monitoring Extension
31st Oct 20197:00 amRNSOPL 310 Licence Extension Terms Fulfilled
25th Oct 20194:31 pmRNSNew Debt Facility with FBNQuest Merchant Bank
21st Oct 20197:00 amRNSOtakikpo Update
27th Sep 20197:00 amRNSHalf Year Results for the 6 Months to 30 June 2019
6th Sep 20197:00 amRNSExtension of OPL 310 Licence
30th Aug 20197:00 amRNSJoint update with OPL 310 Operator

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.