REG - Independent Oil &Gas - Director/PDMR Shareholding

IogAnnouncement

05/06/2018 10:15

RNS Number : 3365Q
Independent Oil & Gas PLC
05 June 2018
 


5 June 2018
Independent Oil and Gas plc
 
Director/PDMR Shareholding
 
Independent Oil & Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, announces that it has been informed that Mark Hughes, Chief Operating Officer has today acquired a total of 178,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares").
Following this acquisition, Mr Hughes has an interest in 178,000 Ordinary Shares representing 0.14% of the issued share capital of IOG.
 




1.


Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


Mr Mark Hughes




2.


Reason for the notification




(a)


Position/status


Chief Operating Officer




(b)


Initial notification/ Amendment


Initial notification




3.


Details of the issuer




(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 Financial Instrument


Independent Oil & Gas plc Ordinary Shares of 1p each            




(b)


Identification code of the Financial Instrument


ISIN: GB00BF49WF64




(c)


Nature of the transaction


Acquisition




(d)


Price(s) and volume(s)


Price(s)


Volume(s)












22.33p


178,000


















(e)


Aggregated information
-        Aggregated volume
-        Price


 
-   178,000
 
-   22.33p




(f)


Date of the transaction


5 June 2018




(g)


Place of the transaction


London Stock Exchange, AIM Market (XLON)




 
-ENDS-
 
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
Andrew Hockey (CEO)
James Chance (CFO)


+44 (0) 20 3879 0510




finnCap Ltd
Christopher Raggett / Anthony Adams
(Corporate Finance)
Emily Morris / Camille Gochez
(Corporate Broking)


+44 (0) 20 7220 0500




Camarco
Georgia Edmonds / Tom Huddart / Monique Perks


+44 (0) 20 3757 4980




Notes
About Independent Oil and Gas:
IOG owns substantial low risk, high value gas Reserves in the UK Southern North Sea.  The Company is targeting a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial current portfolio (2P Reserves of 303 bcf) via an efficient hub strategy.  Alongside this it continues to pursue value accretive acquisitions, to generate significant shareholder returns.  All IOG's licences are owned 100% and operated by IOG.
Further information can be found on www.independentoilandgas.com




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END
 
 
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