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Director/PDMR Shareholding

6 Dec 2016 16:47

RNS Number : 1272R
Solo Oil Plc
06 December 2016
 

6 December 2016

 

SOLO OIL PLC

 ("Solo" or the "Company")

 

Director/PDMR dealings

 

Solo was informed today that Neil Ritson, Chairman, today purchased 5,500,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") at 0.27 pence per Ordinary Share.

 

Accordingly Mr Ritson now holds 38,500,000 Ordinary Shares, representing a holding of 0.55% of the Company's issued share capital.

 

Solo was also informed today that Fergus Jenkins, Technical Director, today purchased 1,000,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") at 0.2595 pence per Ordinary Share.

 

Accordingly Mr Jenkins now holds 1,000,000 Ordinary Shares, representing a holding of 0.01% of the Company's issued share capital.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information:

 

Solo Oil plc

Neil Ritson

Daniel Maling

+44 (0) 20 3794 9230

Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

+44 (0) 20 7628 3396

 

Shore Capital

Joint Broker

Jerry Keen

 

Beaufort Securities

Joint Broker

Jon Belliss

 

Cassiopeia Services Ltd

Investor and Media Relations

Stefania Barbaglio

 

+44 (0) 20 7408 4090

 

 

 

 

+44 (0) 20 7382 8300

 

 

 

+44 (0) 79 4969 0338

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Neil Ritson

2

Reason for notification

a)

Position / status

Chairman

b)

Initial notification

/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Solo Oil plc

b)

LEI

Not applicable

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 0.01 pence each in Solo Oil plc

ISIN GB00B1TYBN97

 

Nature of the transaction

Purchase of 5,500,000 ordinary shares

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.27p

 

5,500,000

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

6 December 2016

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described above.

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Fergus Jenkins

2

Reason for notification

a)

Position / status

Technical Director

b)

Initial notification

/Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Solo Oil plc

b)

LEI

Not applicable

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 0.01 pence each in Solo Oil plc

ISIN GB00B1TYBN97

 

Nature of the transaction

Purchase of 1,000,000 ordinary shares

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.2595p

 

1,000,000

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

6 December 2016

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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