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2 Mar 2018 07:00
2 March 2018
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Update to Block Listing
Director Dealing & TVR
Further to the announcement of 18 December 2017 regarding the block listing of 21,914,000 new ordinary shares of 0.1p per share ("Ordinary Shares"), Nostra Terra reports that a further 2,559,516 warrants have been exercised at 3 pence per Ordinary Share since the previous update on 1 February 2018. Accordingly, there remain 12,352,516 Ordinary Shares under the block listing.
When Ewen Ainsworth joined Nostra Terra as Chairman of the Company on 24 June 2015, he agreed to receive 40 per cent of his annual director's and consultancy fee in share based payments. Accordingly, Nostra Terra has issued 577,204 new Ordinary Shares (the "Fee Shares") to Mr. Ainsworth for the period from July 2017 to February 2018. 384,794 of such Fee Shares have been issued to Discovery Energy Limited, a company controlled by Mr Ainsworth, with 192,411 Fee Shares issued directly to Mr Ainsworth.
The number of Fee Shares was calculated on the basis of the closing price for each calendar month during the eight month period to February 2018. This results in a weighted average issue price for the Fee Shares of 2.31 pence per share.
Application will be made to the London Stock Exchange for admission of the Fee Shares to trading on AIM ("Admission") and it is expected that Admission will take place, and that trading will commence, on AIM on 8 March 2018.
Following Admission, the Company will have 135,253,705 Ordinary Shares in issue and allotted, with each share carrying the right to one vote. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 135,253,705. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Following the issue of the Fee Shares and Admission, Mr Ainsworth aggregate direct and indirect shareholding in the Company will comprise 3,079,267 Ordinary Shares, representing 2.28% of the Company's issued and allotted share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO
| Tel: | +1 480 993 8933 |
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros
| Tel: | +44 (0) 20 7409 3494 |
Smaller Company Capital Limited (Joint Broker) Rupert Williams / Jeremy Woodgate | Tel: | +44 (0) 20 3651 2910 |
PDMR Notification
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ewen Ainsworth | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | NOSTRA TERRA OIL AND GAS COMPANY PLC | ||||
b) | LEI | 213800JO9A4LO19YJ129 | ||||
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 of 0.1p each in the share capital of Nostra Terra Oil & Gas Company plc | ||||
Identification code | GB00BZ76F335 | |||||
b) | Nature of the Transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A | ||||
e) | Date of the transaction | 2 March 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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