8 Jun 2017 07:01
Victoria Oil & Gas PLC (AIM: VOG)
8 June 2017
Victoria Oil & Gas Plc ("VOG" or "the Company")
PDMR Shareholding
Deferred Shares Bonus Awards
Victoria Oil & Gas Plc announces that on 7 June 2017, bonus awards of 880,121 ordinary shares of 0.5p in the Company ("Ordinary Shares") in aggregate were granted to the Executive Directors under the Company's Annual Bonus Plan for the year ended 31 December 2016.
Half of the bonus awards will vest on 1 January 2018 and the remaining half on 1 January 2019. The Ordinary Shares are to be issued in lieu of cash bonuses at 41.5p per share, the volume weighted average price for the period 1 January 2016 to 28 April 2017.
The below notification, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, gives further details:
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| 1. Kevin Foo 2. Ahmet Dik 3. Andrew Diamond | |||
2
| Reason for the notification | ||||
a) | Position/status | 1. Executive Chairman 2. Chief Executive Officer 3. Finance Director | |||
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
| 213800JHNB148AXECS22 | |||
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
| ||||
Transaction 1 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.5p each | |||
Identification code | GB00BRWR3752 | ||||
b)
| Nature of the transaction
| Nil cost share-based awards made to the Executive Directors under the Victoria Oil & Gas plc Annual Bonus Scheme, half of which will vest on 1 January 2018 and the remaining half on 1 January 2019. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 240,964 433,735 205,422 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 880,121 | ||||
- Price | Nil | ||||
e)
| Date of the transaction
| 7 June 2017 | |||
f)
| Place of the transaction
| Outside of a main market | |||
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)
Rory Murphy / Stuart Faulkner / James Dance Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / David van Erp Tel: +44 (0) 207 448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 203 757 4983
Nick Hennis Tel: +44 (0) 203 781 8330
This announcement contains inside information