07:00 Tue 27 Oct 2020
United Oil & Gas PLC - Issue of Options and Director/PDMR Shareholding
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
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,
| Director / PDMR | Position | Options Awarded | Total Options Held |
| | 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
The Share Options are awarded with the following terms and conditions:
(a) an exercise price of
(b) a vesting period of three years from the date of grant;
(c) an expiry date of
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) | |
| | |
| Beaumont Cornish Limited (Nominated Adviser) | |
| | +44 (0) 20 7628 3396 |
| Optiva Securities Limited (Joint Broker) | |
| | +44 (0) 20 3137 1902 |
| Cenkos Securities Plc (Joint Broker) | |
| | +44 (0) 20 7397 8900 +44 (0) 131 220 6939 |
| Murray (PR Advisor) | +353 (0) 87 6909735 |
| | |
| Camarco (Financial PR/IR) | |
|
| +44 (0) 20 3757 4983 |
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 |
| ||||
| 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
ISIN GB00BYX0MB92 | ||||
| | Nature of the transaction | Award of options pursuant to contract of employment
| ||||
| c) | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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