Jersey Oil and Gas PLC Exercise of Options (8581T)

TIDMJOG

RNS Number : 8581T

Jersey Oil and Gas PLC

17 October 2017

Jersey Oil and Gas plc

("Jersey Oil & Gas" or the "Company")

Exercise of Options

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 on Sunday, 15 October 2017 it received a notice of exercise from a former director of the Company in respect of certain options to subscribe for 5,244 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") (the "Option Shares") at a price of GBP1.00 per Option Share. In aggregate, the exercise of these options amounts to a cash subscription of GBP5,244.

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 23 October 2017. Following Admission, the Company's total issued share capital will consist of 9,950,786 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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October 17, 2017 10:38 ET (14:38 GMT)

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