5 Jun 2020 07:00
Cadogan Petroleum Plc - Director/PDMR ShareholdingCadogan Petroleum Plc - Director/PDMR Shareholding
PR Newswire
London, June 4
5th June 2020
This announcement contains inside information as defined under the Market Abuse Regulations n. 596/2014
Cadogan Petroleum Plc("Cadogan" or the "Company")
CEO Dealings – Market Share Purchase
Cadogan Petroleum plc (“Cadogan” or the “Company”) today announces that its CEO, Mr. Fady Khallouf, has purchased on 3rd June 2020, 2,250,000 ordinary shares of £0.03 each, in the capital of the Company, on the London Stock Exchange at a price of £0.0245 each.
Following this purchase Mr Fady Khallouf holds in total 7,750,000 shares representing 3.17 % of the Company.
About
Cadogan is an independent, diversified oil and gas company, which operates exploration and production licenses in Western Ukraine, conducts gas trading operations, and provides services to E&P companies.
For further information, please contact:
Cadogan Petroleum plcFady Khallouf Chief Executive Officer fady.khallouf@cadoganpetroleum.comBen Harber Company Secretary +44 0207 264 4366
Cantor Fitzgerald Europe Broker to Cadogan Petroleum plc
David Porter +44 (0) 20 7894 7000
Appendix
The notification detailed above and summarised in the table below is made in accordance with the requirements of the EU Market Abuse Regulations as follows:
Fady Khallouf, CEO purchased 2,250,000 shares at £0.0245 per share on3rd June 2020.
| 1. | Details of PDMR/ person closely associated with them (‘PCA’) | |
| a) | Name | Fady Khallouf |
| 2. | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification / Amendment | Initial notification of purchase of shares |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Cadogan Petroleum plc |
| b) | LEI | 213800JIBKL29FAK1213 |
| 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 | |
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 3 pence each GB00B12WC938 | |
| b) | Nature of the transaction | Purchase of ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £0.0245 2,250,000 |
| d) | Aggregated information | 2,250,000 £0.0245 |
| e) | Date of the transaction | 3rd June 2020 |
| f) | Place of the transaction | XLON |
Cadogan (CAD)