leadf
logo-loader
viewUnited Oil & Gas PLC

United Oil & Gas PLC - Issue of options

RNS Number : 3799K
United Oil & Gas PLC
04 January 2021
 

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

 

4 January 2021

 

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, Tom Hickey :

Director / PDMR

Position

Options Awarded

Total Options Held

Tom Hickey

Non-Executive Director

1,342,282

1,342,282

 

The Share Options relate to a contractual award on commencement of employment.

The Share Options are awarded with the following terms and conditions:

(a)  an exercise price of 2.98 pence;

(b)  a vesting period of three years from the date of grant;

(c)   an expiry date of 3 January September 2031.

The total options in issue post the award of Share Options outlined above will be 48,109,973 or 7.70% 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 Edmonds
James 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

Tom Hickey

 

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

213800WZWERBFYBQ9J17

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 3 January 2031

 

 

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 2.98 pence

 

1,342,282

 

d)

Aggregated information

n/a

e)

Date of the transaction

4th January 2021

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBRGDBXGGDGBX

Quick facts: United Oil & Gas PLC

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

United Oil & Gas says 'ASH-3 well at the Abu Sennan project is 'the gift...

United Oil & Gas PLC's Brian Larkin (LON:UOG) talks through the latest results from the preliminary test results from the ASH-3 development well, at the Abu Sennan project, which beat expectations. Larkin explains what the numbers mean after the ASH-3 well showed a maximum rate of 7,720...

1 day, 16 hours ago

5 min read