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RNS Number : 4431B Jersey Oil and Gas PLC 31 January 2024
31 January 2024
Jersey Oil and Gas plc
("Jersey Oil & Gas" or the "Company")
Director's Share Purchases and Issue of Equity
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company
focused on the UK Continental Shelf region of the North Sea, announces
disclosable share purchases by Anne Thomas, the wife of Les Thomas, the
Company's Non-Executive Chairman, and by Non-Executive Director Marcus
Stanton.
Director's Share Purchases
The Company was yesterday notified of the following acquisitions of Ordinary
Shares on 30 January 2024 by directors of the Company:
Director Number of Ordinary Shares Acquired Price per Ordinary Share Acquired (p) Resultant Holding of Ordinary Shares % of Enlarged Share Capital
Mr Les Thomas* 10,000 180.0 43,000 0.13
Non-Executive Chairman
Mr Marcus Stanton 3,500 178.0
Non-Executive Director
500 182.0 116,411 0.36
*Mr Les Thomas and his wife's combined holding
Issue of Equity and Total Voting Rights
The Company also announces, further to the Company's announcement of 15
December 2023, the issue of a further 1,667 new ordinary shares of 1p each in
the capital of the Company ("Ordinary Shares") pursuant to the exercise of
certain options under the Company's 2016 Enterprise Management Incentive
Unapproved Share Option Plan (the "Additional Option Shares").
Application has been made to the London Stock Exchange for the admission of
the Additional Option Shares to trading on AIM ("Admission"). It is expected
that Admission will become effective and that dealings in the Additional
Option Shares will commence at 8.00 a.m. on 5 February 2024.
Following Admission, the Company's enlarged share capital will comprise
32,667,627 Ordinary Shares in issue with one voting right per Ordinary
Share. As the Company does not hold any shares in treasury, shareholders may
use this figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or change to their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Enquiries:
Jersey Oil and Gas plc Andrew Benitz C/o Camarco:
Tel: 020 3757 4980
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Zeus Capital Limited Simon Johnson Tel: 020 3829 5000
Cavendish Capital Markets Limited Neil McDonald Tel: 020 7220 0500
Leif Powis
Camarco Billy Clegg Tel: 020 3757 4980
Rebecca Waterworth
- Ends -
Notes to Editors:
Jersey Oil & Gas is a UK E&P company focused on building an
upstream oil and gas business in the North Sea. The Company currently holds a
50% interest in each of licences P2498 (Blocks 20/5a, 20/5e and 21/1a) and
P2170 (Blocks 20/5b and 21/1d) located in the UK Central North Sea and
referred to as the "Greater Buchan Area." Licence P2498 contains the Buchan
oil field and J2 oil discovery and licence P2170 contains the Verbier oil
discovery. Following completion of the farm-out transaction with Serica
Energy (UK) Limited, expected in Q1-2024, the Company will retain a 20%
interest in each of the GBA licences, and is fully funded to first oil, with a
full carry on the expenditure ahead of Buchan project sanction and the
budgeted development costs included in the approved Field Development Plan.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR").
PDMR Notification Form:
The notification below is made in accordance with the requirements of UK MAR.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marcus Stanton
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 Jersey Oil & Gas plc
b) LEI 213800RIR1SZC1734G32
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 penny each
Identification code GB00BYN5YK77
b) Nature of the Transaction Acquisitions of ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
178 pence 3,500
182 pence 500
d) Aggregated information A total of 4,000 ordinary shares were acquired at an average price of 1.79
pence
Aggregated volume Price
e) Date of the transaction 30 January 2024
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
Aggregated volume Price
A total of 4,000 ordinary shares were acquired at an average price of 1.79
pence
e)
Date of the transaction
30 January 2024
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Les Thomas
2. Reason for the Notification
a) Position/status Non-Executive Chairman
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Jersey Oil & Gas plc
b) LEI 213800RIR1SZC1734G32
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 penny each
Identification code GB00BYN5YK77
b) Nature of the Transaction Acquisitions of ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
180 pence 10,000
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 30 January 2024
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
Aggregated volume Price
N/A
e)
Date of the transaction
30 January 2024
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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