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13 Mar 2017 07:00
NU-OIL AND GAS PLC
AIM ticker: 'NUOG'
13 March 2017
NU-Oil and Gas plc
("NU-Oil" or "the Company")
Share Subscription by Directors
Further to the news release by NU-Oil on 28th February 2017 regarding the subscription of 11 million new ordinary shares of 0.1p each in the Company at a price of 0.5p per new Ordinary Share by Alan Minty, Chairman, Dr. Nigel Burton, Chief Executive Officer and Frank Jackson, Non-executive director, please see below the corresponding disclosure forms, which were submitted online to the FCA on 2nd March 2017 in relation to these transactions.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alan Minty | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nu Oil and Gas Plc | ||||
b) | LEI |
| ||||
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 | Shares | ||||
Identification code |
| |||||
b) | Nature of the Transaction | Purchase of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price |
£25,000.00 | ||||
e) | Date of the transaction | 28th February 2017 | ||||
f) | Place of the transaction | UK | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nigel Burton | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nu Oil and Gas Plc | ||||
b) | LEI |
| ||||
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 | Shares | ||||
Identification code |
| |||||
b) | Nature of the Transaction | Purchase of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price |
£20,000.00 | ||||
e) | Date of the transaction | 28th February 2017 | ||||
f) | Place of the transaction | UK | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Frank Jackson | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nu Oil and Gas Plc | ||||
b) | LEI |
| ||||
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 | Shares | ||||
Identification code |
| |||||
b) | Nature of the Transaction | Purchase of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price |
£10,000.00 | ||||
e) | Date of the transaction | 28th February 2017 | ||||
f) | Place of the transaction | UK | ||||
Enquiries:
NU-Oil and Gas plc
Alan Minty, Executive Chairman Tel: +44 161 817 7460
Nigel Burton, CEO Tel: +44 7785 234447
Strand Hanson Limited
Rory Murphy/Ritchie Balmer Tel: +44 20 7409 3494
Beaufort Securities Limited Tel: +44 20 7382 8300
Jon Belliss
Elliot Hance
St Brides Partners Limited Tel: +44 20 7236 1177
Elisabeth Cowell
Lottie Brocklehurst
www.nu-oilandgas.com
Note to Editors:
NU-Oil and Gas plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in stranded and marginal fields.
These fields are low risk highly-appraised projects and consequently the Company's entry cost will be low. NU-Oil will look to develop these assets utilising solutions delivered by Marginal Field Development Company (MFDevCo) and the MFD Consortium, which can significantly improve the development economics of a project. This is also expected to enable the early booking of reserves. |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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