14 Aug 2019 08:30
14 August 2019
Diversified Gas & Oil PLC
(the "Company")
Issue of Restricted Stock Units and PDMR Dealing
Diversified Gas & Oil PLC (AIM: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces the issue of 400,000 Restricted Stock Units ("RSUs") to Eric Williams, Chief Financial Officer, under the Company's equity incentive plan (the "Plan"), details of which were announced on 2 November 2017. Under the terms of the Plan, the RSU's granted to Eric Williams are expected to vest in five equal annual tranches commencing on 1 July 2020.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Bradley G. Gray, Chief Operating Officer and Finance Director Eric Williams, Chief Financial Officer www.DGOC.com
| + 1 (205) 408 0909
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Cenkos Securities plc Nominated Adviser Russell Cook Katy Birkin Ben Jeynes
| +44 (0)20 7397 8900
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Mirabaud Securities Limited Joint Broker Peter Krens Edward Haig-Thomas
| +44 (0)20 3167 7221
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Stifel Nicolaus Europe Limited Joint Broker Callum Stewart Nicholas Rhodes Ashton Clanfield
| +44 (0)20 7710 7600 |
Buchanan Financial Public Relations Ben Romney Chris Judd James Husband dgo@buchanan.uk.com
| +44 (0)20 7466 5000 |
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
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a) | Name | Eric Michael Williams
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2 | Reason for the notification
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a) | Position/status | PDMR (Chief Financial Officer)
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Diversified Gas & Oil PLC
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b) | LEI | 213800YR9TFRVHPGOS67
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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
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a) | Description of the financial instrument, type of instrument | Restricted stock units constituting a right to acquire ordinary shares of 1p each
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Identification code | GB00BYX7JT74
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b) | Nature of the transaction | Grant of restricted stock units under the Company's equity incentive plan
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c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0 | 400,000
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d) | Aggregated information | N/A single transaction
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Aggregated volume | N/A single transaction
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Price | N/A single transaction
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e) | Date of the transaction | 12 August 2019
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f) | Place of the transaction | Outside a trading venue
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DGOC.L (DGOC)