Nighthawk Energy plc Directors Dealings and Issue of Equity (5894T)

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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