TIDMUJO
RNS Number : 0438G
Union Jack Oil PLC
19 July 2019
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement
19 July 2019
Union Jack Oil plc
("Union Jack" or the "Company")
Grant of Options
Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon
production, development and exploration company, announces the
following grants of options:
-- 120,000,000 Share Options to David Bramhill, Executive Chairman;
-- 30,000,000 Share Options to Raymond Godson, Non-Executive Director;
-- 80,000,000 Share Options to Graham Bull, Non-Executive Director, and
-- 30,000,000 Share Options to Matthew Small, Company Secretary.
The Share Options have an exercise price of 0.265p, being the
mid-market closing price on 18 July 2019.
The vesting date is 19 July 2022 and the exercise period expires
on 19 July 2029. The Share Options can only be exercised if the
share price is at a 30% premium to the exercise price.
Following the grants of the Share Options, the Directors'
interests in the Company are as follows:
Director Shareholding % Share options Exercise Vesting period
price
D Bramhill 63,929,285 0.5 120,000,000 0.09p 18.7.21-19.7.28
120,000,000 0.265p 19.7.22-18.7.29
------------- ----- -------------- --------- -----------------
J O'Farrell 242,399,473 2.0 60,000,000 0.09p 18.7.21-18.7.28
------------- ----- -------------- --------- -----------------
R Godson 48,411,764 0.4 30,000,000 0.11p 7.11.21-7.11.28
30,000,000 0.265p 19.7.22-18.7.29
------------- ----- -------------- --------- -----------------
G Bull 4,000,000 0.03 30,000,000 0.11p 7.11.21-7.11.28
80,000,000 0.265p 19.7.22-18.7.29
------------- ----- -------------- --------- -----------------
The number of Share Options being granted is 260,000,000, which
is 2.1% of the number of shares currently in issue.
Related Party Transaction
The grant of the options is a related party transaction for the
purposes of Rule 13 of the AIM Rules for Companies.
Joseph O'Farrell, being an independent director, considers,
having consulted the Company's Nominated Adviser, SP Angel
Corporate Finance LLP, that the terms of the related party
transaction are fair and reasonable insofar as the shareholders of
the Company are concerned.
PDMR Notification
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Raymond George Godson
----------------------------------------- ------------------------------------------
2. Reason for notification
-------------------------------------------------------------------------------------
(a) Position/status Non-Executive Director
----------------------------------------- ------------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
(a) Name of entity Union Jack Oil plc
----------------------------------------- ------------------------------------------
(b) LEI 2138005VW7IUUUPY5Q88
----------------------------------------- ------------------------------------------
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 financial instrument, Options over ordinary
type of instrument shares of 0.025 pence
each in the Company
----------------------------------------- ------------------------------------------
(b) Identification code GB00B814XC94
----------------------------------------- ------------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
(d) Price and volume Price Volume
0.265 pence 30,000,000
-----------
----------------------------------------- ------------------------------------------
(e) Aggregated information: Single transaction
- Aggregated volume as in 4(d) above Price Volume
- Price 0.265 pence 30,000,000
-----------
----------------------------------------- ------------------------------------------
(f) Date of transaction 19 July 2019
----------------------------------------- ------------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ------------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Graham Bull
----------------------------------------- ---------------------------------------
2. Reason for notification
----------------------------------------------------------------------------------
(a) Position/status Non-Executive Director
----------------------------------------- ---------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
(a) Name of entity Union Jack Oil plc
----------------------------------------- ---------------------------------------
(b) LEI 2138005VW7IUUUPY5Q88
----------------------------------------- ---------------------------------------
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 financial instrument, Options over ordinary
type of instrument shares of 0.025 pence
each in the Company
----------------------------------------- ---------------------------------------
(b) Identification code GB00B814XC94
----------------------------------------- ---------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
(d) Price and volume Price Volume
0.265 pence 80,000,000
-----------
----------------------------------------- ---------------------------------------
(e) Aggregated information: Single transaction as
- Aggregated volume in 4(d) above Price Volume
- Price 0.265 pence 80,000,000
-----------
----------------------------------------- ---------------------------------------
(f) Date of transaction 19 July 2019
----------------------------------------- ---------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ---------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Matthew Small
----------------------------------------- ------------------------------------------
2. Reason for notification
-------------------------------------------------------------------------------------
(a) Position/status Company Secretary
----------------------------------------- ------------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
(a) Name of entity Union Jack Oil plc
----------------------------------------- ------------------------------------------
(b) LEI 2138005VW7IUUUPY5Q88
----------------------------------------- ------------------------------------------
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 financial instrument, Options over ordinary
type of instrument shares of 0.025 pence
each in the Company
----------------------------------------- ------------------------------------------
(b) Identification code GB00B814XC94
----------------------------------------- ------------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
(d) Price and volume Price Volume
0.265 pence 30,000,000
-----------
----------------------------------------- ------------------------------------------
(e) Aggregated information: Single transaction
- Aggregated volume as in 4(d) above Price Volume
- Price 0.265 pence 30,000,000
-----------
----------------------------------------- ------------------------------------------
(f) Date of transaction 19 July 2019
----------------------------------------- ------------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ------------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing David Roger Bramhill
----------------------------------------- ------------------------------------------
2. Reason for notification
-------------------------------------------------------------------------------------
(a) Position/status Executive Chairman
----------------------------------------- ------------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
(a) Name of entity Union Jack Oil plc
----------------------------------------- ------------------------------------------
(b) LEI 2138005VW7IUUUPY5Q88
----------------------------------------- ------------------------------------------
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 financial instrument, Options over ordinary
type of instrument shares of 0.025 pence
each in the Company
----------------------------------------- ------------------------------------------
(b) Identification code GB00B814XC94
----------------------------------------- ------------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
(d) Price and volume Price Volume
0.265 pence 120,000,000
------------
----------------------------------------- ------------------------------------------
(e) Aggregated information: Single transaction
- Aggregated volume as in 4(d) above Price Volume
- Price 0.265 pence 120,000,000
------------
----------------------------------------- ------------------------------------------
(f) Date of transaction 19 July 2019
----------------------------------------- ------------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ------------------------------------------
For further information please contact the following:
Union Jack Oil plc +44 (0)7787 160 682
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser
Lindsay Mair
Richard Hail
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END
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