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