Independent Oil & Gas PLC Director/PDMR Shareholding (5264X)
19 Diciembre 2019 - 7:12AM
UK Regulatory
TIDMIOG
RNS Number : 5264X
Independent Oil & Gas PLC
19 December 2019
19 December 2019
Independent Oil and Gas plc
Director & PDMR Dealing
Independent Oil and Gas plc ("IOG" or the "Company"), the
development and production company focused on becoming a
substantial UK gas producer, is pleased to announce that certain
Directors and persons discharging managerial responsibilities
("PDMRs") of the Company have purchased in the market 397,434
ordinary shares of 1p each at an average price of 15.633p per share
in the Company, equating to an aggregate value of GBP62,130.86.
Share purchases and revised shareholdings are shown below:
Director/Senior Role Number of Ordinary Resultant number Percentage
manager Shares Purchased of Ordinary of Enlarged
Shares held Share Capital
held directly
and by PCA
Andrew Hockey CEO 121,962 710,729 0.15%
------------ ------------------- ----------------- ---------------
Rupert Newall CFO 125,000 3,667,050 0.76%
------------ ------------------- ----------------- ---------------
Mark Hughes COO 125,472 593,770 0.12%
------------ ------------------- ----------------- ---------------
Head of
Corporate
Finance
James Chance (PDMR) 25,000 125,000 0.03%
------------ ------------------- ----------------- ---------------
Following this purchase, Directors and PDMRs of the Company,
including Persons Closely Associated ("PCA") holds a total of
5,796,549 ordinary shares, representing 1.2% of the outstanding
share capital of the Company.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Hockey
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Independent Oil and Gas plc
----------------------------- ---------------------------------------
b) LEI 2138005OA2NLZS2NRT74
----------------------------- ---------------------------------------
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 Independent Oil & Gas plc Ordinary
financial instrument, Shares of 1p each
type of instrument
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
----------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------------ -------------------
15.875p 62,992
---------------------------------- ------------------ -------------------
15.92p 58,970
---------------------------------- ------------------ -------------------
d) Aggregated information Aggregated price Aggregated volume
----------------------------- ------------------ -------------------
15.897p 121,962
---------------------------------- ------------------ -------------------
e) Date of the transactions 19 December 2019
----------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rupert Newall
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Independent Oil and Gas plc
----------------------------- ---------------------------------------
b) LEI 2138005OA2NLZS2NRT74
----------------------------- ---------------------------------------
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 Independent Oil & Gas plc Ordinary
financial instrument, Shares of 1p each
type of instrument
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
----------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------------ -------------------
14.5p 75,000
---------------------------------- ------------------ -------------------
15.85p 50,000
---------------------------------- ------------------ -------------------
d) Aggregated information Aggregated price Aggregated volume
----------------------------- ------------------ -------------------
15.04p 125,000
---------------------------------- ------------------ -------------------
e) Date of the transactions 18 December 2019
19 December 2019
---------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Hughes
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Operating Officer
----------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Independent Oil and Gas plc
----------------------------- ---------------------------------------
b) LEI 2138005OA2NLZS2NRT74
----------------------------- ---------------------------------------
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 Independent Oil & Gas plc Ordinary
financial instrument, Shares of 1p each
type of instrument
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
----------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------------ -------------------
15.875p 60,000
---------------------------------- ------------------ -------------------
15.875p 663
------------------ -------------------
15.95p 64,809
---------------------------------- ------------------ -------------------
d) Aggregated information Aggregated price Aggregated volume
----------------------------- ------------------ -------------------
15.91p 125,472
---------------------------------- ------------------ -------------------
e) Date of the transactions 19 December 2019
----------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Chance
----------------------------- -----------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Head of Corporate Finance and Investor
Relations (PDMR)
----------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Independent Oil and Gas plc
----------------------------- -----------------------------------------
b) LEI 2138005OA2NLZS2NRT74
----------------------------- -----------------------------------------
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 Independent Oil & Gas plc Ordinary
financial instrument, Shares of 1p each
type of instrument
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
----------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------------- --------------------
15.9p 25,000
---------------------------------- ------------------- --------------------
d) Aggregated information Aggregated price Aggregated volume
----------------------------- ------------------- --------------------
15.9p 25,000
---------------------------------- ------------------- --------------------
e) Date of the transactions 19 December 2019
----------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
----------------------------- -----------------------------------------
Certain information communicated in this announcement was, prior
to its publication, inside information for the purposes of Article
7 of Regulation 596/2014.
Enquiries:
Independent Oil and Gas plc +44 (0) 20 3879 0510
Andrew Hockey (CEO)
Rupert Newall (CFO)
James Chance (Head of Corporate Finance & IR)
finnCap Ltd +44 (0) 20 7220 0500
Christopher Raggett, Simon Hicks (Corporate Finance)
Camille Gochez (Corporate Broking)
Peel Hunt LLP +44 (0) 20 7418 8900
Richard Crichton
David McKeown
Vigo Communications +44 (0) 20 7390 0230
Patrick d'Ancona
Chris McMahon
Simon Woods
About IOG:
IOG owns and operates a 50% stake in substantial low risk, high
value gas reserves in the UK Southern North Sea. The Company's Core
Project targets a gross 2P peak production rate of 140 MMcfe/d (c.
24,000 Boe/d) from gross 2P gas Reserves of 302 Bcfe(1) + 2C gas
Contingent Resources of 108 Bcfe(2), via an efficient hub strategy.
In addition to the independently verified 2P reserves at Blythe,
Elgood, Southwark, Nailsworth and Elland and 2C Contingent
Resources at Goddard, IOG also has independently verified best
estimate gross unrisked prospective gas resources of 73 Bcfe(2) at
Goddard. Alongside this IOG continues to pursue value accretive
acquisitions to generate significant shareholder returns.
(1) ERC Equipoise Competent Persons Report: October 2017,
adjusted by Management to account for updated project timing and
compression
(2) ERC Equipoise Competent Persons Report: October 2018
This information is provided by RNS, the news service of the
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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.
END
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