REG - Independent Oil &Gas - Issue of New Shares <Origin Href="QuoteRef">IOG.L</Origin>

IogAnnouncement

31/05/2017 07:05

RNS Number : 6143G
Independent Oil & Gas PLC
31 May 2017
31 May 2017
Independent Oil and Gas plc
Issue of New Shares
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 148,113 ordinary shares ("New Ordinary Shares") in the capital of the Company.
On 26 May 2017, Martin Ruscoe a Non-Executive director of the Company submitted a notice to exercise all of his current 1p options over Ordinary Shares awarded to him, pursuant the option agreements dated 1 September 2016 and 1 March 2017.
The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM ("Admission"). Admission is expected to occur on 2 June 2017. Following Admission there will be 109,416,276 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.
1. 
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Martin Ruscoe
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
Independent Oil and Gas plc
b)
LEI
n/a
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
148,113
d)
Aggregated information:
 Aggregated volume
 Price
n/a
e)
Date of the transaction
26 May 2017
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
-ENDS-
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
Independent Oil and Gas plc
Mark Routh (CEO)
Hywel John (CFO)
+44 (0) 20 3879 0510
finnCap Ltd
Christopher Raggett / Anthony Adams
(Corporate Finance)
+44 (0) 20 7220 0500
Camarco
Georgia Edmonds / Tom Huddart
+44 (0) 20 3757 4980

This information is provided by RNS
The company news service from the London Stock Exchange
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