Last checked at 30 Nov 2018 16:09
London, 30 November 2018
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS
DISCHARGING MANAGERIAL
RESPONSIBILITIES AND CONNECTED PERSONS
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulation.
On 28 November 2018, the following awards under, or subject to the terms of, the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017 (the "LTIP") were made to certain PDMR of the Company:
PDMR | No. of shares under award |
Kai-Uwe Kessel | 332,706 |
Tom Richardson | 227,305 |
Thomas Hartnett | 107,020 |
Sergey Khafizov | 51,139 |
Arkadi Epifanov | 37,396 |
Heinz Wendel | 64,937 |
Zhomart Darkeev | 24,368 |
The awards are structured as options with an exercise price of 1 pence per share over ordinary shares of nominal value of 1 pence each except for awards to participants based in Russia, where the awards are structured as Cash Conditional Awards over notional shares.
The awards will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied.
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kai-Uwe Kessel | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive Officer (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1 pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Tom Richardson | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1 pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Thomas Hartnett | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Legal Officer and Company Secretary (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1 pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Sergey Khafizov | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Business Development Officer (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of a Cash Conditional Award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Arkadi Epifanov | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Commercial Officer (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1 pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Heinz Wendel | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Operating Officer (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1 pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Zhomart Darkeev | ||||
2 | Reason for Notification | |||||
a) | Position/status | General Director, Zhaikmunai LLP (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nostrum Oil & Gas PLC | ||||
b) | LEI | 2138007VWEP4MM3J8B29 | ||||
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 1 pence each in Nostrum Oil & Gas PLC GB00BGP6Q951 | ||||
b) | Nature of the transaction | Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 28 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
LEI: 2138007VWEP4MM3J8B29
Further information:
For further information please visit www.nog.co.uk
Further enquiries:
Nostrum Oil & Gas PLC - Investor Relations
Kirsty Hamilton-Smith
Amy Barlow
+44 203 740 7433
ir@nog.co.uk
Instinctif Partners - UK
David Simonson
George Yeomans
+ 44 (0) 207 457 2020
Promo Group Communications - Kazakhstan
Asel Karaulova
Irina Noskova
+ 7 (727) 264 67 37
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated between approximately 60 and 120 kilometres from the Chinarevskoye field.
Forward-Looking Statements
Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Company or its officers with respect to various matters. When used in this document, the words "expects", "believes", "anticipates", "plans", "may", "will", "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the Listing Rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.