Last checked at 29 May 2020 07:01
United Oil & Gas Plc / Index: AIM / Epic: UOG / Sector: Oil & Gas
United Oil & Gas Plc
('United' or 'the Company')
Issue of Share Options
29 May 2020
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, David Quirke:
Director / PDMR | Position | Options Awarded | Total Options Held |
David Quirke | Chief Financial Officer | 3,666,667 | 3,666,667 |
The Share Options relate to a contractual award on commencement of employment, but the issuance of the options has been delayed due to closed periods primarily relating to the financial results of the Company and the suspension of trading in the Company's shares during the second half of 2019, as a result of the Rockhopper Egypt acquisition. The Share Options are awarded with the following terms and conditions:
(a) an exercise price of 3 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 award.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).
**ENDS**
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 | David Quirke
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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 | 213800WZWERBFY | ||||
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 | Options over ordinary shares of 1 pence each in United Oil & Gas plc with 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 | 29 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
For more information please visit the Company's website at www.uogplc.com or contact:
United Oil & Gas Plc (Company) | |
Brian Larkin, CEO | brian.larkin@uogplc.com |
Beaumont Cornish Limited (Nominated Adviser) | |
Roland Cornish and Felicity Geidt | +44 (0) 20 7628 3396 |
Optiva Securities Limited (Joint Broker) | |
Christian Dennis | +44 (0) 20 3137 1902 |
Cenkos Securities Plc (Joint Broker) | |
Joe Nally (Corporate Broking) Derrick Lee and Pete Lynch | +44 (0) 20 7397 8900 +44 (0) 131 220 6939 |
Murray (PR Advisor) | +353 (0) 87 6909735 |
Joe Heron | jheron@murrayconsultants.ie |
St Brides Partners (Financial PR/IR) | |
Frank Buhagiar | +44 (0) 207 236 1177 |