30 Nov 2017 16:00
Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas
30 November 2017
Prospex Oil and Gas Plc ('Prospex' or the 'Company')Director/PDMR Notification
Prospex Oil and Gas Plc, the AIM quoted investment company, announces that James Smith, Non-Executive Director of the Company, today purchased 4,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.5296 pence per Ordinary Share.
Following the purchase, Mr Smith is interested in 4,000,000 Ordinary Shares, representing 0.39 per cent. of the Company's issued share capital.
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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For further information visit www.prospexoilandgas.com or contact the following:
Edward Dawson | Prospex Oil and Gas Plc | Tel: +44 (0) 20 3766 0325 |
Rory MurphyRitchie BalmerJack Botros
| Strand Hanson Limited
| Tel: +44 (0) 20 7409 3494 |
Jon Belliss | Beaufort Securities Limited | Tel: +44 (0) 20 7382 8300 |
Duncan Vasey | Peterhouse Corporate Finance
| Tel: +44 (0) 20 7469 0932 |
Frank Buhagiar Charlotte Page
| St Brides Partners Ltd
| Tel: +44 (0) 20 7236 1177 |
Notes
Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects.
PDMR Notification
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Smith | ||||
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 | Prospex Oil and Gas Plc | ||||
b) | LEI | 213800NY9RH8O1B72D27 | ||||
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 the Prospex Oil & Gas plc | ||||
Identification code | GB00BW4NPC58 | |||||
b) | Nature of the Transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 30 November 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||