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, that Vladimir Koshcheev, a non-executive director of Volga Gas, has transferred to Efim Zadov, a person closely associated with Vladimir Koshcheev, an interest in 150,000 ordinary shares of 1p each ("Ordinary Shares") representing approximately 0.19 per cent of the outstanding share capital of the Company. The transfer of the shares were for in settlement of a debt as agreed between Messrs Koshcheev and Zadov. The Ordinary Shares so transferred were registered in the name of Vlarenhill Limited.
As a result of this transfer, Vladimir Koshcheev's beneficial interest decreased from 419,210 Ordinary Shares to 269,201 Ordinary Shares representing 0.33 per cent of the outstanding share capital of the Company and Efim Zadov's beneficial interest in the Ordinary Shares increased from 130,790 to 280,790 Ordinary Shares representing 0.35 per cent of the outstanding share capital of the Company
As reported separately, Vlarenhill on the same date transferred the resulting beneficial interests in the Ordinary Shares to each of Messrs Koschceev and Zadov.
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')
| ||||||
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 Mr Efim Zadov - separately disclosed under MAR in settlement of a debt owed to Mr Zadov. | |||||
c)
| Price(s) and volume(s)
|
| |||||
d)
| Aggregated information
- Aggregated volume
- Price
|
150,000
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 | 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 from Mr Vladimir Koshcheev - separately disclosed under MAR in settlement of a debt owed to Mr Zadov | |||||
c)
| Price(s) and volume(s)
|
| |||||
d)
| Aggregated information
- Aggregated volume
- Price
|
150,000
nil | |||||
e)
| Date of the transaction | 25 January 2019 | |||||
f)
| Place of the transaction | Outside a trading venue. | |||||