Nostra Terra Oil & Gas Company PLC Block listing & Director Dealing (4734G)
March 02 2018 - 2:01AM
UK Regulatory
TIDMNTOG
RNS Number : 4734G
Nostra Terra Oil & Gas Company PLC
02 March 2018
2 March 2018
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Update to Block Listing
Director Dealing & TVR
Further to the announcement of 18 December 2017 regarding the
block listing of 21,914,000 new ordinary shares of 0.1p per share
("Ordinary Shares"), Nostra Terra reports that a further 2,559,516
warrants have been exercised at 3 pence per Ordinary Share since
the previous update on 1 February 2018. Accordingly, there remain
12,352,516 Ordinary Shares under the block listing.
When Ewen Ainsworth joined Nostra Terra as Chairman of the
Company on 24 June 2015, he agreed to receive 40 per cent of his
annual director's and consultancy fee in share based payments.
Accordingly, Nostra Terra has issued 577,204 new Ordinary Shares
(the "Fee Shares") to Mr. Ainsworth for the period from July 2017
to February 2018. 384,794 of such Fee Shares have been issued to
Discovery Energy Limited, a company controlled by Mr Ainsworth,
with 192,411 Fee Shares issued directly to Mr Ainsworth.
The number of Fee Shares was calculated on the basis of the
closing price for each calendar month during the eight month period
to February 2018. This results in a weighted average issue price
for the Fee Shares of 2.31 pence per share.
Application will be made to the London Stock Exchange for
admission of the Fee Shares to trading on AIM ("Admission") and it
is expected that Admission will take place, and that trading will
commence, on AIM on 8 March 2018.
Following Admission, the Company will have 135,253,705 Ordinary
Shares in issue and allotted, with each share carrying the right to
one vote. The Company has no Ordinary Shares held in treasury. The
total number of voting rights in the Company following Admission
will therefore be 135,253,705. 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 in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Following the issue of the Fee Shares and Admission, Mr
Ainsworth aggregate direct and indirect shareholding in the Company
will comprise 3,079,267 Ordinary Shares, representing 2.28% of the
Company's issued and allotted share capital.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas
Company plc
Matt Lofgran, CEO Tel: +1 480 993 8933
Strand Hanson Limited
(Nominated & Financial
Adviser and Joint Broker)
Rory Murphy / Ritchie Balmer
/ Jack Botros Tel: +44 (0) 20 7409 3494
Smaller Company Capital
Limited (Joint Broker)
Rupert Williams / Jeremy
Woodgate Tel: +44 (0) 20 3651 2910
PDMR Notification
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Ewen Ainsworth
--- ------------------------------- --------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- --------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -----------------------------------------------------------------
a) Name NOSTRA TERRA OIL AND GAS
COMPANY PLC
--- ------------------------------- --------------------------------
b) LEI 213800JO9A4LO19YJ129
--- ------------------------------- --------------------------------
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 Ordinary shares of 0.1p each
Financial instrument, in the share capital of Nostra
type of instrument Terra Oil & Gas Company plc
--- ------------------------------- --------------------------------
Identification code GB00BZ76F335
--- ------------------------------- --------------------------------
b) Nature of the Transaction Purchase of Ordinary Shares
--- ------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
GBP0.0231 577,204
----------- ----------
--- ------------------------------- --------------------------------
d) Aggregated information N/A
Aggregated volume
Price
--- ------------------------------- --------------------------------
e) Date of the transaction 2 March 2018
--- ------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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