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Europa Oil & Gas (Holdings) Plc RNS Release

Grant of options

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

13 June 2017

Europa Oil & Gas (Holdings) plc (Europa or the Company)

Grant of options

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, announces that it has today awarded a total of 6,500,000 options (Options) over ordinary shares of 1p each in the Company (Ordinary Shares) to Directors and staff. The Options, representing 2.2% of the current issued share capital, have been granted in recognition of the continuing 20% salary cuts taken by the Board and office based staff while oil prices have been depressed. Prior to this award the Company had 15,365,000 options outstanding, therefore there are now a total of 21,865,000 options outstanding, representing approximately 7.3% of the Companys current issued share capital.

Options AwardedPercentage of current issued share capital
Hugh Mackay3,500,0001.2%
Phil Greenhalgh1,500,0000.5%
Roderick Corrie300,0000.1%
Other staff1,200,0000.4%
Total6,500,0002.2%

All of the Options have an exercise price of 8 pence per Ordinary Shares (a 33% premium to the price at which Ordinary Shares were issued in the Placing and Open Offer announced on 24 May 2017) and expire on 12 June 2027. The Options only vest if the closing mid-market price of an Ordinary Share is above 10 pence per Ordinary Share for 30 calendar days.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Details of the person discharging managerial responsibilities / person closely associated
a)NameRoderick James Hugh McLeod Corrie
Reason for the Notification
a)Position/statusDirector
b)Initial notification/AmendmentInitial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameEuropa Oil & Gas (Holdings) plc
b)LEI213800JWTCW7TN3WRC06
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 instrumentOrdinary shares of 1p
Identification codeGB00B03CJS30
b)Nature of the transactionIssue of Options
c)Price(s) and volume(s)
Price(s)Volume(s)
n/a300,000
d)Aggregated information:Issue of options over 300,000 Ordinary Shares, exercisable at 8 pence per Ordinary Share
e)Date of the transaction13 June 2017
f)Place of the transactionOff market transaction

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Details of the person discharging managerial responsibilities / person closely associated
a)NameHugh George Dunbar Mackay
Reason for the Notification
a)Position/statusDirector
b)Initial notification/AmendmentInitial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameEuropa Oil & Gas (Holdings) plc
b)LEI213800JWTCW7TN3WRC06
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 instrumentOrdinary shares of 1p
Identification codeGB00B03CJS30
b)Nature of the transactionIssue of Options
c)Price(s) and volume(s)
Price(s)Volume(s)
n/a3,500,000
d)Aggregated information:Issue of options over 3,500,000 Ordinary Shares, exercisable at 8 pence per Ordinary Share
e)Date of the transaction13 June 2017
f)Place of the transactionOff market transaction

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Details of the person discharging managerial responsibilities / person closely associated
a)NamePhilip Greenhalgh
Reason for the Notification
a)Position/statusDirector
b)Initial notification/AmendmentInitial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameEuropa Oil & Gas (Holdings) plc
b)LEI213800JWTCW7TN3WRC06
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 instrumentOrdinary shares of 1p
Identification codeGB00B03CJS30
b)Nature of the transactionIssue of Options
c)Price(s) and volume(s)
Price(s)Volume(s)
n/a1,500,000
d)Aggregated information:Issue of options over 1,500,000 Ordinary Shares, exercisable at 8 pence per Ordinary Share
e)Date of the transaction13 July 2016
f)Place of the transactionOff market transaction

* * ENDS * *

For further information please visit http://www.europaoil.com/ or contact:

Hugh MackayEuropa+ 44 (0) 20 7224 3770
Phil GreenhalghEuropa+ 44 (0) 20 7224 3770
Matt GoodefinnCap Ltd+ 44 (0) 20 7220 0500
Simon HicksfinnCap Ltd+ 44 (0) 20 7220 0500
Frank BuhagiarSt Brides Partners Ltd+ 44 (0) 20 7236 1177
Susie GeliherSt Brides Partners Ltd+ 44 (0) 20 7236 1177

Notes

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets that includes production, exploration and development interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. Its highly prospective exploration projects include the Wressle oil development in the UK and seven licences offshore Ireland with the potential to host gross mean un-risked prospective resources of more than 4 billion barrels oil equivalent and 1.5 TCF gas across all seven licences. In H1 2017 Europa produced 115 boepd from its portfolio of onshore UK licences.




Europa Oil & Gas (Holdings) Plc Timeline

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