Jersey Oil and Gas PLC Exercise of Options and Director's Share Transfer (0777E)
May 03 2017 - 8:48AM
UK Regulatory
TIDMJOG
RNS Number : 0777E
Jersey Oil and Gas PLC
03 May 2017
3 May 2017
Jersey Oil and Gas plc
("Jersey Oil & Gas" or the "Company")
Exercise of Options and Director's Share Transfer
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and
gas company focused on the UK Continental Shelf region of the North
Sea, announces that it has received notices of exercise in respect
of certain options to subscribe for 5,244 and 13,333 new ordinary
shares of 1p each in the capital of the Company ("Ordinary Shares")
(the "Option Shares") at prices of 100 pence and 110 pence per
Option Share respectively. In aggregate, the exercise of these
options amounts to a cash subscription of approximately
GBP19,910.
In addition, the Company was yesterday notified that Ronald
Lansdell, a Director of the Company, yesterday transferred 884,663
Ordinary Shares held in his name to Quay Investments, an entity
owned jointly by Mr Lansdell and his wife. Mr Lansdell's beneficial
holding of 884,663 Ordinary Shares therefore remains unchanged and
represents approximately 8.9 per cent. of the Company's issued
share capital (as enlarged by the Option Shares).
Application has been made for the Option Shares, which will rank
pari passu with the Company's existing ordinary shares, to be
admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings in the Option
Shares will commence on AIM at 8:00 a.m. on 9 May 2017. Following
Admission, the Company's total issued share capital will consist of
9,935,055 ordinary shares. As the Company does not hold any shares
in Treasury, this figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company
following Admission.
Enquiries:
Jersey Oil and Andrew Benitz, C/o Camarco:
Gas plc CEO Tel: 020 3757 4983
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Arden Partners Chris Hardie Tel: 020 7614 5900
plc Benjamin Cryer
BMO Capital Markets Neil Haycock Tel: 020 7236 1010
Tom Rider
Camarco Billy Clegg Tel: 020 3757 4983
Georgia Edmonds
James Crothers
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 03, 2017 08:48 ET (12:48 GMT)
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