Last checked at 21 May 2021 07:00
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
21 May 2021
United Oil & Gas PLC
("United" or the "Company")
Director / PDMR Shareholding
United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announces that further to the "Exercise of Warrants and Total Voting Rights, Significant Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021:
- Following Admission the shareholding of Mr Larkin, the Company's CEO, increased by 9,755,690 ordinary shares. Mr Larkin subsequently sold 3,312,012 ordinary shares at £0.0425 per share to fund the subscription of the warrants and accordingly he now has an interest in 16,199,369 ordinary shares representing approximately 2.51% of the Company's enlarged issued share capital; and
- Following Admission the shareholding of Mr Leather, the Company's COO, increased by 4,877,810 ordinary shares. Mr Leather subsequently sold 1,655,994 ordinary shares at £0.0425 per share to fund the subscription price of the warrants and accordingly he now has an interest in 8,099,626 ordinary shares representing approximately 1.26% of the Company's enlarged issued share capital.
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as given to them in the "Exercise of Warrants and Total Voting Rights, Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021.
The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 ("MAR") as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
United Oil & Gas Plc (Company) |
|
Brian Larkin, CEO | brian.larkin@uogplc.com |
Beaumont Cornish Limited (Nominated Adviser) |
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Roland Cornish and Felicity Geidt | +44 (0) 20 7628 3396 |
Optiva Securities Limited (Broker) |
|
Christian Dennis | +44 (0) 20 3137 1902 |
Murray (PR Advisor) | +353 (0) 87 6909735 |
Joe Heron | jheron@murrayconsultants.ie |
Camarco (Financial PR/IR) |
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Billy Clegg Georgia EdmondsJames Crothers | +44 (0) 20 3757 4983 uog@camarco.co.uk |
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production and development assets across Egypt, UK, Italy and a high impact exploration licence in Jamaica.
The Company is led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players and well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit https://www.uogplc.com/
Appendix 1 - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Brian Larkin | |||||||||
2 | Reason for notification | ||||||||||
a) | Position / status | CEO | |||||||||
b) | Initial notification /Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | United Oil & Gas Plc | |||||||||
b) | LEI | 213800WZWERBFYBQ9J17 | |||||||||
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 each
ISIN: GB00BYX0MB92 | |||||||||
| Nature of the transaction | (a) exercise of 9,755,690 warrants at £0.0142857 per warrant share (b) sale of 3,312,012 ordinary shares at £0.0425 per ordinary share | |||||||||
| Price(s) and volumes(s) |
| |||||||||
d) | Aggregated information | N/A | |||||||||
e) | Date of the transaction | 2021-05-20 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Jonathan Leather | |||||||||
2 | Reason for notification | ||||||||||
a) | Position / status | COO | |||||||||
b) | Initial notification /Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | United Oil & Gas Plc | |||||||||
b) | LEI | 213800WZWERBFYBQ9J17 | |||||||||
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 each
ISIN: GB00BYX0MB92 | |||||||||
| Nature of the transaction | (a) exercise of warrants 4,877,810 at £0.0142857 per warrant share (b) sale of 1,655,994ordinary shares at £0.0425 per ordinary share | |||||||||
| Price(s) and volumes(s) |
| |||||||||
d) | Aggregated information | N/A | |||||||||
e) | Date of the transaction | 2021-05-20 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||