Last checked at 3 Oct 2022 16:16
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
3 October 2022
United Oil & Gas Plc
("United" "the Group" or the "Company")
Issue of share options
Director/PDMR Shareholding
The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, development and production company, has awarded the following options (the "Share Options") to Chief Financial Officer, Peter Dunne:
Director / PDMR | Position | Options Awarded | Total Options Held |
Peter Dunne | Chief Financial Officer | 6,862,005 | 6,862,005 |
The grant of the Share Options to Peter Dunne relate to a contractual award on commencement of employment, but the issuance of the Share Options has been delayed due to closed periods primarily relating to the interim financial results of the Company.
The Share Options are awarded with the following terms and conditions:
(a) an exercise price of 2.47 pence;
(b) a vesting period of three years from the date of granting; and
(c) an expiry date of ten years from the date of granting.
The total options in issue post the award of Share Options outlined above will be 61,648,984 representing 9.56% of the current issued share capital of 644,803,969.
ENDS
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Peter Dunne
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2 | Reason for notification | |||||
a) | Position / status | Chief Financial Officer
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b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | United Oil & Gas plc
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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
Indentification code | Options over ordinary shares of 1 pence each in United Oil & Gas plc vesting for three years from date of grant, and expiry ten years from date of vesting
ISIN GB00BYX0MB92 | ||||
Nature of the transaction | Award of options pursuant to contract of employment
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c) | Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 30 September 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries
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United Oil & Gas Plc (Company) | ||
Brian Larkin, CEO | brian.larkin@uogplc.com | |
Sharan Dhami, Head of IR & ESG | sharan.dhami@uogplc.com | |
Beaumont Cornish Limited (Nominated Adviser) | ||
Roland Cornish | Felicity Geidt | +44 (0) 20 7628 3396 | |
Tennyson Securities (Joint Broker) | ||
Peter Krens | +44 (0) 20 7186 9030 | |
Optiva Securities Limited (Joint Broker) | ||
Christian Dennis | +44 (0) 20 3137 1902 | |
Camarco (Financial PR) | ||
Georgia Edmonds | Emily Hall | Sam Morris | +44 (0) 20 3757 4983 uog@camarco.co.uk
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Notes to Editors
United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica.
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is 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 www.uogplc.com