REG - IOG PLC - Director & PDMR Dealings
21/10/2022 07:00
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RNS Number : 6371D IOG PLC 21 October 2022
21 October 2022
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
certain Directors and persons discharging managerial responsibilities
("PDMRs") of the Company have purchased in the market a total of 1,050,423
ordinary shares of 1p each ("Ordinary Shares") at an average price of 9.60p
per Ordinary Share, equating to aggregate value of £100,792 as follows:
Director/PDMR Role Number of Ordinary Shares purchased Resultant number of Ordinary Shares beneficially held Resultant percentage of issued share capital beneficially held
Fiona MacAulay Chair 49,178 269,218 0.05%
Rupert Newall CEO 600,000 4,407,050 0.84%
Dougie Scott COO 192,289 192,289 0.04%
John Arthur CFO 101,430 101,430 0.02%
James Chance Head of Capital Markets & ESG 107,526 939,725 0.18%
In addition, Andrew Hockey (former CEO of the Company) purchased 506,535
Ordinary Shares. His resultant beneficial shareholding is 1,427,264 Ordinary
Shares, representing 0.27% of the issued share capital.
Other IOG employees have purchased 81,000 Ordinary Shares.
The total number of Ordinary Shares purchased by IOG personnel was therefore
1,637,958 Ordinary Shares.
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 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 financial instrument, type of instrument IOG plc Ordinary Shares of 1p each
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
10.10p 18,223
10.19p 30,955
d) Aggregated information Purchase of 49,178 Ordinary Shares at an average price of 10.15p per Ordinary
Share
e) Date of the transactions 20 October 2022
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 Chief Executive Officer
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 financial instrument, type of instrument IOG plc Ordinary Shares of 1p each
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
9.40p 50,000
9.34p 50,000
9.40p 100,000
9.40p 50,000
9.19p 100,000
9.20p 100,000
9.30p 100,000
9.40p 50,000
d) Aggregated information Purchase of 600,000 Ordinary Shares at an average price of 9.31p per Ordinary
Share
e) Date of the transactions 20 October 2022
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dougie Scott
2 Reason for the notification
a) Position/status Chief Operating Officer
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 financial instrument, type of instrument IOG plc Ordinary Shares of 1p each
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
10.10p 19,473
10.10p 19,473
10.39p 48,065
10.44p 47,847
10.48p 47,675
10.48p 9,486
d) Aggregated information Purchase of 192,289 Ordinary Shares at an average price of 10.37p per Ordinary
Share
e) Date of the transactions 20 October 2022
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Arthur
2 Reason for the notification
a) Position/status Chief Financial Officer
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 financial instrument, type of instrument IOG plc Ordinary Shares of 1p each
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
9.86p 101,430
d) Aggregated information Purchase of 101,430 Ordinary Shares at an average price of 9.86p per Ordinary
Share
e) Date of the transactions 20 October 2022
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 financial instrument, type of instrument IOG plc Ordinary Shares of 1p each
Identification code ISIN: GB00BF49WF64
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
9.30p 107,526
d) Aggregated information Purchase of 107,526 Ordinary Shares at an average price of 9.30p per Ordinary
Share
e) Date of the transactions 20 October 2022
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.
Enquiries:
IOG plc +44 (0) 20 7036 1400
Rupert Newall (CEO)
James Chance (Head of Capital Markets & ESG)
finnCap Ltd +44 (0) 20 7220 0500
Christopher Raggett / Simon Hicks
Peel Hunt LLP +44 (0) 20 7418 8900
Richard Crichton / David McKeown
Vigo Consulting +44 (0) 20 7390 0230
Patrick d'Ancona / Finlay Thomson
About IOG:
IOG is a Net Zero UK gas and infrastructure operator focused on high-return
projects. The Company's operations are currently concentrated around its
offshore and onshore Saturn Banks infrastructure in the UK Southern North Sea.
Phase 1 of its Saturn Banks Project, which started production in March 2022,
entails the commercialisation of the Blythe, Elgood and Southwark gas fields
through this infrastructure. Phase 2 of the Saturn Banks Project entails the
Nailsworth, Goddard and Elland gas discoveries, which are subject to future
investment decisions and expected to be commercialised through the same export
infrastructure. The Company also holds further licences with additional
resources including the Abbeydale, Panther and Grafton gas discoveries, the
Kelham North, Kelham Central, Thornbridge and Thornbridge Deep prospects, and
part of the Orrell gas discovery. Currently, all IOG's licences are held 50:50
with its joint venture partner CalEnergy Resources (UK) Limited and operated
by IOG. In addition, the Company continually evaluates further opportunities
for accretive portfolio additions to help generate additional shareholder
returns. Further details are available at www.iog.co.uk (http://www.iog.co.uk)
.
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