1 Oct 2009 10:09
1 October 2009
Victoria Oil & Gas Plc
('Victoria Oil & Gas' or 'the Company')
(AIM: VOG)
Additional Listing and Directors' Share Interests
Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the FSU, announces today that it shall allot, conditional on admission, a further 7,028,835 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares").
Of these, 3,494,071 Ordinary Shares will be issued in lieu of cash payment to advisers and 2,700,000 will be issued to the Trustees of the Company's Employee Share Ownership Plan.
A further 834,764 Ordinary Shares will be allotted to Directors in lieu of cash salary in accordance with their standard employment contacts at a weighted average month-end market price of 3.7 pence for the six month period ended 31 July 2009.
The effect of the above on the holdings of the Directors is as follows:-
| New Issue of Shares | Total Holding in VOG | ||
| Kevin Foo | 681,793 | 30,541,975* | 3.2% |
| Robert Palmer | 152,971 | 888,434 | 0.1% |
*The shares are held by H J Resources Ltd on behalf of a discretionary trust, of which Mr Foo and his wife are possible beneficiaries.
These share allotments will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. Application will be made to the London Stock Exchange for these shares to be admitted to AIM and it is expected that dealings will commence on 7 October 2009. The total issued share capital of VOG following this allotment will be 956,744,788 shares. The Company does not hold any ordinary shares in treasury and so the total number of voting rights in the Company is 956,744,788.
For further information, please contact:
Victoria Oil & Gas Plc - Tel: +44 (0) 20 7921 8820
George Donne / Kevin Foo
Strand Partners Limited - Tel: +44 (0) 20 7409 3494
Simon Raggett / Angela Peace
Fox-Davies Capital - Tel: +44 (0) 20 7936 5220
Daniel Fox-Davies / Oliver Stansfield
Conduit PR - Tel: +44 (0) 20 7429 6607
Jonathan Charles / Ed Portman