VOG.L Regulatory News (VOG)

6 Mar 2006 07:01

Victoria Oil & Gas PLC06 March 2006 Victoria Oil & Gas Plc 6 March 2006 Additional Listing and Directors' Share interests Victoria Oil & Gas Plc ("Victoria" or "the Company") the oil and gas developmentcompany focused in the Former Soviet Union announces today that on 3 March, 2006it allotted conditional on admission a further 5,094,324 Ordinary Shares of 0.5peach in the Company. Of these, 4,213,000 Ordinary Shares have been issued to the trustee of theCompany's employee share ownership plan trust set up in respect of the 5%discretionary bonus scheme approved at the last Annual General Meeting. The remaining shares have been allotted to employees and Directors in accordancewith the Company's obligations under their employment contacts. Allotment pricesare calculated under market price formulae covering extended periods. Usingthese formulae the Company allotted 219,932 Ordinary Shares to employees andDirectors at 99 pence per share in lieu of cash salary for the six month periodended 31 January 2006. In addition, 661,392 Ordinary Shares were issued toDirectors in respect of bonuses due for an acquisition at 89 pence per sharecalculated over a seven month period ending 31 January 2006. These share allotments rank pari passu in all respects with the existing issuedOrdinary Shares in the Company. Application has been made to the London StockExchange for these shares to be quoted on AIM and it is expected that dealingswill commence on 10 March 2006. The total issued share capital of Victoriafollowing this allotment will be 115,362,424 shares. Shares in Lieu Shares for Disposal of Total Holding in Victoria of Salary Acquisition Shares Kevin Foo 91,818 315,348 2,914,944 2.53%William Kelleher 21,062 230,696 437,972(1) 4,643,038 4.02%Robert Palmer 12,359 204,031 0.18%Grant Manheim 57,674 55,000(2) 497,304 0.43% 1 Transfer of shares on 3 March, 2006 for divorce settlement at market value 2 Disposal of shares at allotment date to meet taxation liabilities including those arising from the current share issue Kevin Foo / George Donne Jamie Cumming / Tracy MackenzieVictoria Oil & Gas Plc Bell Lawrie+44 (0)207 921 8820 +44 (0)141 314 8103 +44 (0)141 314 8220Leesa Peters/ Laurence ReadConduit PR+44 (0)207 429 6605+44 (0)7979 955 923 This information is provided by RNS The company news service from the London Stock Exchange