27 Oct 2020 07:00
United Oil & Gas Plc / Index: AIM / Epic: UOG / Sector: Oil & Gas
United Oil & Gas Plc
('United' or 'the Company')
Issue of Share Options
Director/PDMR Shareholding
27 October 2020
The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, the growing oil and gas company with a portfolio of production, development and exploration assets , has awarded the following options (the "Share Options") to Non-Executive Director, Iman Hill:
Director / PDMR | Position | Options Awarded | Total Options Held |
Iman Hill | Non-Executive Director | 1,481,481 | 1,481,481 |
The Share Options relate to a contractual award on commencement of employment and were granted on 29 September 2020; but the issuance has been delayed due to closed periods primarily relating to the financial results of the Company.
The Share Options are awarded with the following terms and conditions:
(a) an exercise price of 2.7 pence;
(b) a vesting period of three years from the date of grant;
(c) an expiry date of 28 September 2030.
The total options in issue post the award of Share Options outlined above will be 46,767,691 or 7.48% of the issued share capital of 625,153,969 shares.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).
**ENDS**
United Oil & Gas Plc (Company) | |
Brian Larkin, CEO | brian.larkin@uogplc.com |
Beaumont Cornish Limited (Nominated Adviser) | |
Roland Cornish and Felicity Geidt | +44 (0) 20 7628 3396 |
Optiva Securities Limited (Joint Broker) | |
Christian Dennis | +44 (0) 20 3137 1902 |
Cenkos Securities Plc (Joint Broker) | |
Joe Nally (Corporate Broking) Derrick Lee and Pete Lynch | +44 (0) 20 7397 8900 +44 (0) 131 220 6939 |
Murray (PR Advisor) | +353 (0) 87 6909735 |
Joe Heron | jheron@murrayconsultants.ie |
Camarco (Financial PR/IR) | |
Billy Clegg Georgia EdmondsJames Crothers | +44 (0) 20 3757 4983 uog@camarco.co.uk |
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 | |||||
a) | Name | Iman Hill
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2 | Reason for notification | |||||
a) | Position / status | Non-Executive Director
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b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | United Oil & Gas plc
| ||||
b) | LEI | 213800WZWERBFY | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Options over ordinary shares of 1 pence each in United Oil & Gas plc with vesting for three years from date of grant, and expiry date of 28 September 2030
ISIN GB00BYX0MB92 | ||||
Nature of the transaction | Award of options pursuant to contract of employment
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c) | Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 27th October 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
United Oil&gas (UOG)