REG - Independent Oil &Gas - Issue of New Shares and Director Shareholding

IogAnnouncement

30/07/2019 17:30

RNS Number : 2661H
Independent Oil & Gas PLC
30 July 2019
 


 
The following announcement replaces the 'Issue of New Shares and Director Shareholding' announcement released on 30 July 2019 at 15:13 under RNS No 2457H. It amends the total number of New Ordinary Shares issued which was incorrectly stated as 690,960. All other details remain unchanged.

 

 
30 July 2019
Independent Oil and Gas plc
 
Issue of New Shares and Director Shareholding
 
Independent Oil and Gas plc ('IOG' or the 'Company) (AIM: IOG.L), the development and production focused oil and gas company, has today issued a total of 650,960 ordinary shares ('New Ordinary Shares') in the capital of the Company.
On 29 July 2019, a notice was submitted by Andrew Hockey, the Chief Executive Officer of the Company, to exercise 488,767 1p options over Ordinary Shares; and on 30 July 2019, a notice was submitted by Mark Hughes, the Chief Operating Officer of the Company, to exercise 162,193 1p options over Ordinary Shares. These options were awarded to them pursuant to Salary Sacrifice Share Option agreements dated 1 March 2019.
The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trade on AIM ('Admission').  Admission is expected to occur on 5 August 2019.  Following Admission there will be 341,332,750 Ordinary Shares in issue.  Accordingly, this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
This exercise of options increases Andrew Hockey's holding in the Company from 100,000 Ordinary Shares, 0.03% of the current number of shares in issue to 588,767 Ordinary Shares, 0.17% of the enlarged share capital of the Company; and increase Mark Hughes' holding in the Company from 306,105 Ordinary Shares, 0.09% of the current number of shares in issue to 468,298 Ordinary Shares 0.14% of the enlarged 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/Amendment


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 Financial instrument, type of instrument


Exercise of options over ordinary shares




Identification code


GB00BF49WF64




b)


Nature of the transaction


Exercise of options




c)


Price(s) and volume(s)






Price(s)


Volume(s)




1p


488,767




 




d)


Aggregated information:
·      Aggregated volume
·      Price


n/a
 




e)


Date of the transaction


29 July 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/Amendment


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 Financial instrument, type of instrument


Exercise of options over ordinary shares




Identification code


GB00BF49WF64




b)


Nature of the transaction


Exercise of options




c)


Price(s) and volume(s)






Price(s)


Volume(s)




1p


162,193




 




d)


Aggregated information:
·      Aggregated volume
·      Price


n/a
 




e)


Date of the transaction


30 July 2019




f)


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


+44 (0) 20 7220 0500




Peel Hunt LLP
Richard Crichton
David McKeown


+44 (0) 20 7418 8900




Vigo Communications
Patrick D'Ancona/Chris McMahon/Simon Woods


+44 (0) 20 7390 0230




 
Further information can be found on www.independentoilandgas.com




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END
 
 
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