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19 Jul 2019 07:00
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 |
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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 | ||||
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Identification code |
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b) | Nature of the transaction | PURCHASE | ||||
c) |
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 4.2 pence | 915,950 |
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d)
| Aggregated information |
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- Aggregated volume | 915,950 | |||||
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- Price | 4.2 pence | |||||
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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 |
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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 | ||||
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Identification code |
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b) | Nature of the transaction | PURCHASE | ||||
c) |
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 4.0 pence | 150,000 |
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d)
| Aggregated information |
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- Aggregated volume | 150,000 | |||||
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- Price | 4.0 pence | |||||
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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 |
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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 | ||||
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Identification code |
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b) | Nature of the transaction | PURCHASE | ||||
c) |
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 4.0 pence | 235,130 |
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d)
| Aggregated information |
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- Aggregated volume | 235,130 | |||||
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- Price | 157,000 at 4.0 pence | |||||
| 78,130 at 3.9 pence | |||||
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e) | Date of the transaction | 16 JULY 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON); AIM | ||||
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