REG - IOG PLC - Director/PDMR Shareholding

IogAnnouncement

28/09/2021 08:20

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 manager


Role


Number of New Ordinary Shares subscribed for


Resulting number of Ordinary Shares held


Percentage of Enlarged Share Capital held on Admission (%)




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




James Chance


Head of Capital Markets & 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 Bcfe¹ 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 Financial instrument, type of instrument


Ordinary shares of 1 pence each ("Ordinary Shares")




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
Price 


 
20,000 
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 Financial instrument, type of instrument


Ordinary shares of 1 pence each ("Ordinary Shares")




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
Price 


 
20,000
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 Financial instrument, type of instrument


Ordinary shares of 1 pence each ("Ordinary Shares")




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
Price 


 
40,000
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 Financial instrument, type of instrument


Ordinary shares of 1 pence each ("Ordinary Shares")




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
Price 


 
40,000
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 Financial instrument, type of instrument


Ordinary shares of 1 pence each ("Ordinary Shares")




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
Price 


 
40,000
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 Financial instrument, type of instrument


Ordinary shares of 1 pence each ("Ordinary Shares")




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
Price (s)


 
40,000
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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