REG - UK Oil & Gas PLC - Director Share Purchase and Share Options issue

UK Oil & GasAnnouncement

17/12/2021 07:00

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RNS Number : 9669V  UK Oil & Gas PLC  17 December 2021

 
                         UK Oil & Gas PLC

("UKOG" or the "Company")

 

Director Share Purchase and Share Options issue

 

UK Oil & Gas PLC (London AIM: UKOG) announces that on the 16(th) December
2021 Stephen Sanderson, Chief Executive Officer, purchased 985,221 ordinary
shares in the capital of the company ("Ordinary Shares") at 0.1015p per share.
This purchase was carried out under the Defined Directors Share Purchase
Programme ("DDSPP") announced on the 28(th) May 2021.

 

Mr Sanderson entered the DDSPP in December 2021 and has committed to purchase
approximately 7% of his net monthly salary in Ordinary Shares each month for
12 months with the final purchase expected to occur on 18(th) November 2022.

 

The director has entered the DDSPP in an open period and is committed to
making the monthly purchase of shares under the programme in what otherwise
may be a closed period. Entering the DDSPP will not preclude the director from
buying additional shares in the Company during open periods. The director will
be able to enter a new DDSPP upon completion of an existing programme.

 

The market will be notified of share purchases under the DDSPP on the next
trading day via a PDMR: Director's dealing notification.

 

Issue of Options

 

UK Oil & Gas PLC (London AIM: UKOG) announces that new options (the
"Options") over a total of 15,000,000 Ordinary Shares have been granted at an
exercise price of 0.10 pence per share. The Options vest immediately and will
expire in five years from grant.

 

These options have been granted to Matthew Gormley who has recently started as
the Chief Financial Officer of the Company.

 

The Options represent, in aggregate, approximately 0.1% of the existing
Ordinary Share capital of the Company. Following the issue, the Company has a
total of 291,000,000 options outstanding which have been issued to employees
and the Directors of the Company, representing approximately 1.8% of the
existing Ordinary Share Capital of the Company.

 

For further information, please contact:

      UK Oil & Gas PLC
      Stephen Sanderson / Kiran Morzaria:                 Tel01483 941493

      WH Ireland Ltd (Nominated Adviser and Broker)
      James Joyce / Andrew de Andrade:                    Tel020 7220 1666

      Communications
      Brian Alexander:                                    Tel01483 941493

 

Notification of transaction by Person Discharging Managerial Responsibilities
("PDMR')

 

 1.                                Details of the person discharging managerial responsibilities / person closely
                                   associated
 a.                                Name                                                         Stephen Sanderson
 2.                                Reason for the notification
 a.                                Position/status                                              Chief Executive Officer
 b.                                Initial notification                                         Initial Notification

                                   /Amendment
 3.                                Details of the issuer, emission allowance market participant, auction
                                   platform, auctioneer or auction monitor
 a.                                Name                                                         UK Oil & Gas PLC
 b.                                LEI                                                          213800IZP9HKGVLHQ907
 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 0.01 pence each

                                   Identification code
 

                                                                                                GB00B9MRZS43
 b.                                Nature of the transaction                                    Purchase of shares
 c.                                Price(s) and volume(s)                                       Price(s)                     Volume(s)

                                                                                                £0.001015                    985,221
 d.                                Aggregated information

                                   ·    Aggregated volume

                                   ·    Price                                                   985,221

                                                                                                £1,000
 e.                                Date of the transaction                                      16 December 2021
 f.                                Place of the transaction                                     London Stock Exchange

 

Following the purchase, Stephen Sanderson holds 985,221 ordinary shares in the
Company which represents 0.01% of the Company's issued share capital.

 

This announcement is made in accordance with Article 19 of the EU Market Abuse
Regulation 596/2014.

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