16 Jul 2021 13:02
16 July 2021
VICTORIA OIL & GAS PLC
PDMR Dealing
Grant of Options
Issue of Shares
Total Voting Rights
Victoria Oil & Gas Plc (AIM: VOG), an extractor and distributor of gas in Cameroon, announces that it has today formally granted the following options over ordinary shares of £0.005 each in the Company (Ordinary Shares) to three of the directors of the Company. All the options have an exercise period of 5 years from the date of grant and an exercise price of 14p.
Director | Number of Options | Vesting Date |
Roy Kelly, CEO | 4,000,000 (LTIP) | 15 July 2021 |
Robert Collins, CFO | 2,000,000 (LTIP) | 15 July 2021 |
Roger Kennedy, Chairman | 1,000,000 (Unapproved) | 15July 2022 (333,333) 15 July 2023 (333,333) 15 July 2024 (333,334) |
Further, the Company has awarded bonuses to two members of staff which will be settled through the issue of 2,325,301 Ordinary Shares (Bonus Shares). Application has been made for the admission of the Bonus 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 22 July 2021.
The total number of Ordinary Shares in issue at the date of Admission will be 259,392,519 with each share carrying the right to one vote. The Company does not hold any shares in treasury. Therefore, the number of Ordinary Shares with voting rights on Admission will be 259,392,519.
On Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA Disclosure and Transparency Rules.
For further information:
Victoria Oil & Gas Plc | +44 (0)207 921 8820 |
Roy Kelly, Chief Executive Robert Collins, Chief Financial Officer | |
Strand Hanson Limited (NOMAD) | +44 (0)20 7409 3494 |
Rory Murphy | |
James Dance
| |
Shore Capital Stockbrokers Limited (Joint Broker) | +44 (0)207 408 4090 |
Mark Percy (corporate advisory) Tony Gibbs (corporate advisory) Jerry Keen (corporate broking)
| |
Camarco | +44 (0)203 757 4980 |
Billy Clegg Nick Hennis
| |
1 | Details of PDMR / person closely associated with them ("PCA") | |||||||||||||
(a) | Name | 1. Roy Kelly 2. Robert Collins 3. Roger Kennedy | ||||||||||||
2 | Reason for the notification | |||||||||||||
(a) | Position/status | 1. Roy Kelly, CEO 2. Robert Collins, CFO 3. Roger Kennedy, Chairman | ||||||||||||
(b) | Initial notification/amendment | Initial Notification | ||||||||||||
3 | Details of the Issuer | |||||||||||||
(a) | Name | VICTORIA OIL & GAS PLC | ||||||||||||
(b) | Legal Entity Identifier code | 213800JHNB148AXECS22 | ||||||||||||
4 | Details of the transaction(s) | |||||||||||||
(a) | Description of the financial instrument | Ordinary Shares in the Company of £0.005 each | ||||||||||||
(b) | Identification Code | GB00BRWR3752 | ||||||||||||
(c) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||||||||||
(d) | Currency | GBP | ||||||||||||
(e) | Price(s) and volume(s) |
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(f) | Aggregated information
| N/A | ||||||||||||
(g) | Date of the transaction | 2021/07/15 | ||||||||||||
(h) | Place of the transaction | Outside a trading venue
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