VGAS.L Regulatory News (VGAS)

14 May 2009 15:37



Volga Gas plc

14 May 2009 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR CONNECTED PERSONS 

This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1). 

1. Name of the issuer 

Volga Gas plc

2. State whether the notification relates to: 

(i) a transaction notified in accordance with DTR 3.1.2R; 

(ii) a disclosure made in accordance LR 9.8.6R(1); or 

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006). 

This notification relates to a transaction notified in accordance with DTR 3.1.2R 

3. Name of person discharging managerial responsibilities/director 

Mikhail Ivanov

Vladimir Koshcheev

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person 

N/A 

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 

This notification is made in respect of holdings of persons referred to in 3. above. 

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares 

Ordinary shares of GBP 0.01 each fully paid 

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them 

Mikhail Ivanov - shares acquired by Alternative Trading Limited 

Vladimir Koshcheev - shares sold by Vlarenhill Limited

8. State the nature of the transaction 

(i) Off market purchase of ordinary shares by Mikhail Ivanov

(ii) Off market sale of ordinary shares by Vladimir Koshcheev

9. Number of shares, debentures or financial instruments relating to shares acquired 

(i)  Mikhail Ivanov - 50,000 (0.093%) 

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 

See percentage figures in 9 above. 

11. Number of shares, debentures or financial instruments relating to shares disposed 

(ii)  Vladimir Koshcheev - 50,000 (0.093%) 

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

See percentage figures in 11 above. 

13. Price per share or value of transaction 

Purchase price: US dollar1.00 per share (66.12p)

Sale price: US dollar 1.00 per share (66.12p)

14. Date and place of transaction 

14 May 2009 - off market 

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 

Mikhail Ivanov - 575,100 (1.065%) 

Vladimir Koshcheev - 816,550 (1.512%)

16. Date issuer informed of transaction 

14 May 2009 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 

17. Date of grant 

N/A 

18. Period during which or date on which exercisable 

N/A 

19. Total amount paid (if any) for grant of the option 

N/A 

20. Description of shares or debentures involved (class and number) 

N/A 

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 

N/A 

22. Total number of shares or debentures over which options held following notification 

Mikhail Ivanov - 1,137,464 (no change in number from previous disclosures)

23. Any additional information 

NONE 

24. Name of contact and telephone number for queries 

Tony Alves, Company Secretary 

+44 20 8622 4451

Name of authorised official of issuer responsible for making notification 

Tony Alves, Company Secretary 

Date of notification 

14 May 2009