Nighthawk Energy plc Directors Dealings and Issue of Equity (5894T)
October 07 2014 - 2:00AM
UK Regulatory
TIDMHAWK
RNS Number : 5894T
Nighthawk Energy plc
07 October 2014
7 October 2014
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Directors Dealings
and
Issue of Equity
Nighthawk, the US focused oil development and production company
(AIM: HAWK and OTCQX: NHEGY), announces the following Directors'
dealings and share option exercises.
The Company received a conversion notice from Chuck Wilson,
Chief Operating Officer, to exercise share options over 1,100,000
ordinary shares of 0.25 pence each (the "1.1 million Option
Shares"). The 1.1 million Option Shares have an exercise price of
7.25 pence per share. The Company was notified on 3 October 2014
that simultaneous with exercise, Mr Wilson has sold the 1.1 million
Option Shares at a price of 9.13 pence per share. Application has
been made for the 1.1 million Option Shares to be admitted to
trading on AIM and it is expected that this will take place on or
around 10 October 2014. Following this exercise and sale, Mr
Wilson's holdings in the Company remain unchanged at 725,000
ordinary shares at 0.25 pence each ("Ordinary Shares"),
representing approximately 0.08 per cent. of the Company's issued
share capital. Mr Wilson also holds 6,900,000 vested options over
Ordinary Shares in the Company.
The Company was also notified on 3 October 2014 that Rick
McCullough, Chairman, purchased 1,100,000 Ordinary Shares at a
price of 9.13 pence per Ordinary Share. Following this purchase, Mr
McCullough's shareholding in the Company stands at 1,100,000
Ordinary Shares, representing approximately 0.11 per cent. of the
Company's issued share capital.
Additionally, the Company received a conversion notice from an
employee to exercise share options over 100,000 ordinary shares of
0.25 pence each (the "2(nd) Option Shares"). The 2(nd) Option
Shares have an exercise price of 6.13 pence per 2(nd) Option Share.
Application has been made for the 2(nd) Option Shares to be
admitted to trading on AIM and it is expected that this will take
place on or around 9 October 2014.
Following the issue of the 1.1 million Option Shares and 100,000
2(nd) Option Shares, Nighthawk will have 960,576,330 Ordinary
Shares in issue, which will also represent the total number of
voting rights in the Company. This figure should be used by
shareholders 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 Company under the FCA's
Disclosure and Transparency Rules.
- Ends-
Enquiries:
Nighthawk Energy plc
Rick McCullough, Chairman +1 303 407 9600
Richard Swindells, Chief Financial
Officer +44 (0) 20 3582 1350
Westhouse Securities Limited +44 (0) 20 7601 6100
Alastair Stratton
Robert Finlay
Canaccord Genuity +44 (0) 20 7523 8000
Neil Elliot
Tim Redfern
Henry Fitzgerald-O'Connor
FTI Consulting +44 (0) 20 7831 3113
Ben Brewerton ben.brewerton@fticonsulting.com
Ed Westropp edward.westropp@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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