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United Oil & Gas PLC - Issue of Options and Director/PDMR Shareholding

RNS Number : 2383D
United Oil & Gas PLC
27 October 2020
 

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

[email protected]

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

[email protected]

Camarco (Financial PR/IR)


Billy Clegg

Georgia Edmonds
James Crothers  

+44 (0) 20 3757 4983

[email protected]

 

 

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

 

2

Reason for notification

a)

Position / status

Non-Executive Director

 

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

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

Exercise price of 2.7 pence

 

1,481,481

d)

Aggregated information

n/a

e)

Date of the transaction

27th October 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

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