Last checked at 6 Jun 2018 12:41
London, 6 June 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.
As noted in the press release dated 5 June 2018, in response to feedback received from shareholders in relation to the Company's 2018 Directors' Remuneration Report and Directors' Remuneration Policy, the Company's non-executive directors who received awards in 2017 under the Nostrum Oil & Gas PLC Long Term Incentive Plan (the "LTIP") have renounced such awards, as follows:
PDMR | No. of shares renounced | Effective date |
Mark Martin | 19,095 | 4 June 2018 |
Kaat van Hecke | 19,095 | 5 June 2018 |
Sir Christopher Codrington, Bt. | 19,095 | 4 June 2018 |
Atul Gupta | 46,544 | 5 June 2018 |
Martin Cocker | 2,406 | 4 June 2018 |
Full details are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mark Martin | ||||
2 | Reason for Notification | |||||
a) | Position/status | Independent Non-Executive Director (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 | Disposal of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 4 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kaat Van Hecke | ||||
2 | Reason for Notification | |||||
a) | Position/status | Independent Non-Executive Director (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 | Disposal of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 5 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Sir Christopher Codrington, Bt. | ||||
2 | Reason for Notification | |||||
a) | Position/status | Independent Non-Executive Director (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 | Disposal of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 4 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Atul Gupta | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chairman (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 | Disposal of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 5 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Martin Cocker | ||||
2 | Reason for Notification | |||||
a) | Position/status | Independent Non-Executive Director (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 | Disposal of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 4 June 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
ir@nog.co.uk
+ 44 (0) 203 740 7430
Instinctif Partners - UK
David Simonson
+ 44 (0) 207 457 2020
Promo Group Communications - Kazakhstan
Asel Karaulova
+ 7 (727) 264 67 37
About Nostrum
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 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 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 approximately 60 and 120 kilometres respectively 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 Group 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.