UK Oil & Gas Investments PLC Grant of Options (0026L)
September 28 2016 - 2:00AM
UK Regulatory
TIDMUKOG
RNS Number : 0026L
UK Oil & Gas Investments PLC
28 September 2016
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Grant of Options
UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces
that options (the "Options") over a total of 65,000,000 new
ordinary shares in the capital of the Company ("Ordinary Shares")
were awarded yesterday at an exercise price of 1.82 pence (being
the closing price of an Ordinary Share on 27 September 2016). The
Options vest immediately and will expire in three years from the
date of grant.
The Options represent, in aggregate, 2.6% of the existing
Ordinary Share capital of the Company and have been issued to
Executive Directors and consultants to the Company. Following the
issue, the Company has a total of 214,166,667 options and warrants
outstanding, representing approximately 8.4% of the existing
Ordinary Share Capital of the Company.
Following the grant of these Options, the Directors hold the
following Ordinary Shares and options.
Director New Options Existing Ordinary Total % of existing
Issued Options shares Ordinary
held Share Capital
------------------- ------------ ----------- ---------- ----------- ---------------
Stephen Sanderson 35,000,000 25,000,000 Nil 60,000,000 2.4%
------------------- ------------ ----------- ---------- ----------- ---------------
Jason Berry 20,000,000 10,000,000 Nil 30,000,000 1.2%
------------------- ------------ ----------- ---------- ----------- ---------------
Kiran Morzaria Nil Nil 4,508,178 4,508,178 0.2%
------------------- ------------ ----------- ---------- ----------- ---------------
For further information, please contact:
UK Oil & Gas Investments PLC
Stephen Sanderson / Jason Berry Tel: 020 7440 0640
WH Ireland (Nominated Adviser and Broker)
James Joyce / James Bavister Tel: 020 7220 1666
Square 1 Consulting (Public Relations)
David Bick / Brian Alexander Tel: 020 7929 5599
This information is provided by RNS
The company news service from the London Stock Exchange
END
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