20 Dec 2016 10:05
20 December2016
Victoria Oil & Gas Plc
("Victoria Oil and Gas" or "the Company")
Director/PDMR dealing
Victoria Oil & Gas announces that yesterday Mr Ahmet Dik elected to receive part of his compensation as Chief Executive by subscribing for 697,836 new ordinary shares of 0.5p in the Company ("Ordinary Shares").
The new Ordinary Shares have been issued at 28.66p per share, being the volume weighted average share price for the 5 trading days preceding 29 January 2016, the commencement date of his service agreement. Following this share allotment, Mr Dik will have an interest in a total of 925,787 Ordinary Shares, representing a 0.84% interest in the enlarged issued share capital of the Company.
Application has been made to the London Stock Exchange for the admission of the new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 23 December 2016. Following Admission, the Company will have 110,193,098 Ordinary Shares in issue.
For further information, please visit www.victoriaoilandgas.com or contact:
Victoria Oil & Gas Plc
Kevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820
Strand Hanson Limited (NOMAD)
Stuart Faulkner / Rory Murphy Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 20 7408 4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright/David van Erp Tel: +44 (0) 20 7448 0200
Bell Pottinger
Lorna Cobbett / Charles Stewart / Zara de Belder Tel: +44 (0) 20 3772 2499
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 | Ahmet Dik | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Victoria Oil & Gas plc | ||||||
b) | LEI | N/A | ||||||
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 0.5 pence each | ||||||
Identification code | GB00BRWR3752 | |||||||
b) | Nature of the Transaction | Subscription of shares as part of compensation | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||||
e) | Date of the transaction | 19 December 2016 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").