29 Jan 2019 07:00
29 January 2019
Volga Gas plc
("Volga Gas", the "Company" or the "Group")
Shareholding of director and person closely associated with a director
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, announces that it was notified that on 25 January 2019, Vlarenhill Limited ("Vlarenhill"), a company beneficially owned by Vladimir Koshcheev, a non-executive director of Volga Gas, and Efim Zadov, a person closely associated with Vladimir Koshcheev, transferred 269,210 ordinary shares of 1p each ("Ordinary Shares") representing approximately 0.32 per cent of the outstanding share capital of the Company, to Vladimir Koshcheev, and 280,790 Ordinary Shares representing approximately 0.35 per cent of the outstanding share capital of the Company to Efim Zadov. As a result of the transfers, Vlarenhill no longer has any interest in the Ordinary Shares.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares.
**ENDS**
1 | Details of PDMR/person closely associated with them ('PCA')
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a) | Name | Vlarenhill Ltd | |||||
2 | Reason for the notification | ||||||
a) | Position/status | PCA of Vladimir Koshcheev, a director of the Company | |||||
b) | Initial notification /Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Volga Gas plc | |||||
b) | LEI | 2138005MSA4Q6W8E1R48 | |||||
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 | Ordinary shares of 1 p each | |||||
Identification code | GB00B1VN4809 | ||||||
b) | Nature of the transaction | Transfer of ordinary shares to beneficial owners | |||||
c)
| Price(s) and volume(s)
|
| |||||
d)
| Aggregated information
- Aggregated volume
- Price
|
550,000
nil | |||||
e)
| Date of the transaction | 25 January 2019 | |||||
f)
| Place of the transaction | Outside a trading venue. | |||||
1 | Details of PDMR/person closely associated with them ('PCA')
| ||||||
a) | Name | Vladimir Koshcheev | |||||
2 | Reason for the notification | ||||||
a) | Position/status | PDMR - non-executive director | |||||
b) | Initial notification /Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Volga Gas plc | |||||
b) | LEI | 2138005MSA4Q6W8E1R48 | |||||
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 | Ordinary shares of 1 p each | |||||
Identification code | GB00B1VN4809 | ||||||
b) | Nature of the transaction | Transfer of ordinary shares to beneficial owners | |||||
c)
| Price(s) and volume(s)
|
| |||||
d)
| Aggregated information
- Aggregated volume
- Price
|
269,210
nil | |||||
e)
| Date of the transaction | 25 January 2019 | |||||
f)
| Place of the transaction | Outside a trading venue. | |||||
| |||||||||||
1 | Details of PDMR/person closely associated with them ('PCA')
|
| |||||||||
a) | Name | Efim Zadov |
| ||||||||
2 | Reason for the notification |
| |||||||||
a) | Position/status | PCA of Vladimir Koshcheev, a director of the Company |
| ||||||||
b) | Initial notification /Amendment | Initial Notification |
| ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| |||||||||
a) | Name | Volga Gas plc |
| ||||||||
b) | LEI | 2138005MSA4Q6W8E1R48 |
| ||||||||
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 | Ordinary shares of 1 p each |
| ||||||||
Identification code | GB00B1VN4809 |
| |||||||||
b) | Nature of the transaction | Transfer of ordinary shares to beneficial owners |
| ||||||||
c)
| Price(s) and volume(s)
|
|
| ||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
280,790
nil |
| ||||||||
e)
| Date of the transaction | 25 January 2019 |
| ||||||||
f)
| Place of the transaction | Outside a trading venue. |
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