TIDMIOG

RNS Number : 2004N

IOG PLC

28 September 2021

28 September 2021

IOG plc

Director / PDMR Dealings

IOG plc ("IOG" or "the Company"), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, announces that further to the completion of the Company's Placing and Subscription (together the "Fundraise"), IOG is pleased to confirm the participation in the Fundraise by certain Directors, persons discharging managerial responsibilities ("PDMRs") of the Company, and persons closely associated ("PCAs") with them. Their participation in the Fundraise and revised shareholdings are shown below:

 
 Director/Senior    Role                                Number of      Resulting           Percentage 
  manager                                            New Ordinary         number          of Enlarged 
                                                Shares subscribed    of Ordinary        Share Capital 
                                                              for         Shares    held on Admission 
                                                                            held                  (%) 
 Fiona MacAulay     Non-Executive Chair                    20,000        220,000                0.042 
                   -------------------------  -------------------  -------------  ------------------- 
 Neil Hawkings      Non-Executive Director                 20,000         20,000                0.004 
                   -------------------------  -------------------  -------------  ------------------- 
 Andrew Hockey      CEO                                    40,000        830,729                0.159 
                   -------------------------  -------------------  -------------  ------------------- 
 Rupert Newall      CFO                                    40,000      3,807,050                0.727 
                   -------------------------  -------------------  -------------  ------------------- 
 David Gibson       COO                                    40,000         40,000                0.008 
                   -------------------------  -------------------  -------------  ------------------- 
                    Head of Capital Markets 
 James Chance        & ESG                                 40,000        618,463                0.118 
                   -------------------------  -------------------  -------------  ------------------- 
 

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

Enquiries:

 
IOG plc 
 Andrew Hockey (CEO) 
 Rupert Newall (CFO) 
 James Chance (Head of Capital 
 Markets & ESG)                      +44 (0) 20 7036 1400 
finnCap Ltd 
 Christopher Raggett / Simon Hicks   +44 (0) 20 7220 0500 
Peel Hunt LLP 
 Richard Crichton / David McKeown    +44 (0) 20 7418 8900 
 
Vigo Consulting 
 Patrick d'Ancona / Chris McMahon 
 / Oliver Clark                      +44 (0) 20 7390 0230 
 

About IOG:

IOG's Saturn Banks Project targets a gross peak production rate of 140 mmscf/d (c. 24,000 Boe/d) from gross 2P gas reserves of 302 Bcfe(1) and management estimated 2C gas Contingent Resources of 132 Bcfe, via an efficient hub strategy based on co-owned infrastructure. In addition to its 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C contingent resources at Goddard, it has management estimated gross 2C contingent resources of 23 Bcfe at Abbeydale and gross unrisked mid-case prospective resources of 36 Bcfe at Kelham North, 42 Bcfe at Kelham Central, 58 Bcfe at Thornbridge, 31 Bcfe at Southsea, 28 Bcfe and 19 Bcfe in the two Goddard flank structures, and 21 Bcfe at Harvey. The Orrell discovery, with management estimated gross 2C contingent resources of 42 Bcfe, also lies approximately 50% on the P2442 licence held 50% by IOG.

In December 2020 IOG was also awarded a 50% operated stake in Licence P2589, containing the Panther and Grafton gas discoveries with management estimated gross mid-case contingent resources of 46 Bcfe and 35 Bcfe respectively. In addition, IOG continues to pursue value accretive acquisitions to help generate further significant shareholder returns.

(1) ERC Equipoise Competent Persons Report: October 2017, adjusted by Management to account for updated project timing and compression

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                              Fiona MacAulay 
      --------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                   Non-Executive Chair 
      --------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                              IOG 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                Ordinary shares of 1 pence each 
        Financial instrument,             ("Ordinary Shares") 
        type of instrument 
       Identification code               GB00BF49WF64 
      --------------------------------  ------------------------------------------- 
 b)    Nature of the transaction         Purchase of Ordinary Shares 
      --------------------------------  ------------------------------------------- 
 c)    Price and volume                   Price (s)   Volume 
                                                        (s) 
                                           25.00 p     20,000 
                                                      ------- 
      --------------------------------  ------------------------------------------- 
 d)    Aggregated information: 
   Aggregated volume                      20,000 
   Price                                   25.00 p 
 -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction           28 September 2021 
      --------------------------------  ------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM Market (XLON) 
      --------------------------------  ------------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Neil Hawkings 
      --------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                   Non-Executive Director 
      --------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                              IOG 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                Ordinary shares of 1 pence each 
        Financial instrument,             ("Ordinary Shares") 
        type of instrument 
       Identification code               GB00BF49WF64 
      --------------------------------  ------------------------------------------- 
 b)    Nature of the transaction         Purchase of Ordinary Shares 
      --------------------------------  ------------------------------------------- 
 c)    Price and volume                   Price (s)   Volume 
                                                        (s) 
                                           25.00 p     20,000 
                                                      ------- 
      --------------------------------  ------------------------------------------- 
 d)    Aggregated information: 
   Aggregated volume                      20,000 
   Price                                   25.00 p 
 -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction           28 September 2021 
      --------------------------------  ------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM Market (XLON) 
      --------------------------------  ------------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Andrew Hockey 
      --------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                   CEO 
      --------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                              IOG 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                Ordinary shares of 1 pence each 
        Financial instrument,             ("Ordinary Shares") 
        type of instrument 
       Identification code               GB00BF49WF64 
      --------------------------------  ------------------------------------------- 
 b)    Nature of the transaction         Purchase of Ordinary Shares 
      --------------------------------  ------------------------------------------- 
 c)    Price and volume                   Price (s)   Volume 
                                                        (s) 
                                           25.00 p     40,000 
                                                      ------- 
      --------------------------------  ------------------------------------------- 
 d)    Aggregated information: 
   Aggregated volume                      40,000 
   Price                                   25.00 p 
 -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction           28 September 2021 
      --------------------------------  ------------------------------------------- 
 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                   CFO 
      --------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                              IOG 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                Ordinary shares of 1 pence each 
        Financial instrument,             ("Ordinary Shares") 
        type of instrument 
       Identification code               GB00BF49WF64 
      --------------------------------  ------------------------------------------- 
 b)    Nature of the transaction         Purchase of Ordinary Shares 
      --------------------------------  ------------------------------------------- 
 c)    Price and volume                   Price (s)   Volume 
                                                        (s) 
                                           25.00 p     40,000 
                                                      ------- 
      --------------------------------  ------------------------------------------- 
 d)    Aggregated information: 
   Aggregated volume                      40,000 
   Price                                   25.00 p 
 -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction           28 September 2021 
      --------------------------------  ------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM Market (XLON) 
      --------------------------------  ------------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              David Gibson 
      --------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                   COO 
      --------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                              IOG 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                Ordinary shares of 1 pence each 
        Financial instrument,             ("Ordinary Shares") 
        type of instrument 
       Identification code               GB00BF49WF64 
      --------------------------------  ------------------------------------------- 
 b)    Nature of the transaction         Purchase of Ordinary Shares 
      --------------------------------  ------------------------------------------- 
 c)    Price and volume                   Price (s)   Volume 
                                                        (s) 
                                           25.00 p     40,000 
                                                      ------- 
      --------------------------------  ------------------------------------------- 
 d)    Aggregated information: 
   Aggregated volume                      40,000 
   Price                                   25.00 p 
 -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction           28 September 2021 
      --------------------------------  ------------------------------------------- 
 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 Capital Markets & ESG 
      --------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                              IOG 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                Ordinary shares of 1 pence each 
        Financial instrument,             ("Ordinary Shares") 
        type of instrument 
       Identification code               GB00BF49WF64 
      --------------------------------  ------------------------------------------- 
 b)    Nature of the transaction         Purchase of Ordinary Shares 
      --------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)             Price (s)   Volume 
                                                        (s) 
                                           25.00 p     40,000 
                                                      ------- 
      --------------------------------  ------------------------------------------- 
 d)    Aggregated information: 
   Aggregated volume                      40,000 
   Price (s)                               25.00 
 -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction           28 September 2021 
      --------------------------------  ------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM Market (XLON) 
      --------------------------------  ------------------------------------------- 
 

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END

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September 28, 2021 03:19 ET (07:19 GMT)

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