REG - IOG PLC - Director/PDMR Shareholding

IogAnnouncement

17/03/2023 14:00

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RNS Number : 4103T  IOG PLC  17 March 2023

17 March 2023

IOG plc

 

Director/PDMR Dealings

 

IOG plc ("IOG", or "the Company"), (AIM: IOG.L), announces that certain
Directors and persons discharging managerial responsibilities ("PDMRs") of the
Company have purchased in the market a total of 744,180 ordinary shares of 1p
each ("Ordinary Shares") at an average price of 4.525p per Ordinary Share,
equating to aggregate value of £33,671.32, 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
 Rupert Newall  CEO   300,000                              5,253,921                                              1.00%
 Dougie Scott   COO   220,355                              412,644                                                0.08%
 John Arthur    CFO   223,825                              325,255                                                0.06%

 

Following these share purchases, current IOG directors and employees own in
aggregate 1.88% of the Company's Issued Share Capital.

 

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                                                         Rupert Newall
 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  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)
      4.574p                                                                                                 175,000

      4.58p                                                                                                  125,000
 d)   Aggregated information                                       Purchase of 300,000 Ordinary Shares at an average price of 4.577p per Ordinary

                                                            Share

 e)   Date of the transactions                                     17 March 2023
 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                                              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  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)
      4.50p                                                                                                 110,968

      4.56p                                                                                                 109,387
 d)   Aggregated information                                       Purchase of 220,355 Ordinary Shares at an average price of 4.53p per Ordinary

                                                            Share

 e)   Date of the transactions                                     17 March 2023
 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                                              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  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)
      4.45p                                                                                                223,825
 d)   Aggregated information                                       Purchase of 223,825 Ordinary Shares at a price of 4.45p per Ordinary Share

 e)   Date of the transactions                                     17 March 2023
 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 

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 UK developer and producer of indigenous offshore gas. The Company
began producing gas in March 2022 via its offshore and onshore Saturn Banks
production infrastructure. In addition to its production assets, IOG operates
several UK Southern North Sea licences containing gas discoveries and
prospects which, subject to future investment decisions, may be commercialised
through the Saturn Banks infrastructure. All its assets are co-owned 50:50
with its joint venture partner CalEnergy Resources (UK) Limited. Further
details of its portfolio can be found at www.iog.co.uk (http://www.iog.co.uk)
.

 

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