United Oil & Gas PLC Issue of Share Options (2944O)

TIDMUOG

RNS Number : 2944O

United Oil & Gas PLC

29 May 2020

United Oil & Gas Plc / Index: AIM / Epic: UOG / Sector: Oil & Gas

United Oil & Gas Plc

('United' or 'the Company')

Issue of Share Options

29 May 2020

The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, development and production company, has awarded the following options (the "Share Options") to Chief Financial Officer, David Quirke:

 
 Director / PDMR    Position           Options Awarded   Total Options 
                                                                  Held 
                    Chief Financial 
 David Quirke        Officer                 3,666,667       3,666,667 
                   -----------------  ----------------  --------------

The Share Options relate to a contractual award on commencement of employment, but the issuance of the options has been delayed due to closed periods primarily relating to the financial results of the Company and the suspension of trading in the Company's shares during the second half of 2019, as a result of the Rockhopper Egypt acquisition. The Share Options are awarded with the following terms and conditions:

(a) an exercise price of 3 pence;

(b) a vesting period of three years from the date of granting; and

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).

**ENDS**

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        David Quirke 
     --------------------------  -------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------ 
 a)   Position / status           Chief Financial Officer 
     --------------------------  -------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  -------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ------------------------------------------------------------------ 
 a)   Name                        United Oil & Gas plc 
     --------------------------  -------------------------------------- 
 b)   LEI                         213800WZWERBFY 
     --------------------------  -------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ------------------------------------------------------------------ 
 a)   Description of the          Options over ordinary shares of 1 
       financial instrument,       pence each in United Oil & Gas plc 
       t ype of instrument         with vesting for three years from 
                                   date of grant, and expiry ten years 
                                   from date of vesting 
       I d e ntification 
       code 
                                   ISIN GB00BYX0MB92 
     --------------------------  -------------------------------------- 
      Nature of the transaction   Award of options pursuant to contract 
                                   of employment 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volumes(s)       Price(s)          Volumes(s) 
                                     Exercise price 
                                      of 3 pence       3,666,667 
                                                      ----------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     29 May 2020 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------

For more information please visit the Company's website at www.uogplc.com or contact:

 
 United Oil & Gas Plc (Company) 
 Brian Larkin, CEO                      brian.larkin@uogplc.com 
 Beaumont Cornish Limited (Nominated 
  Adviser) 
 Roland Cornish and Felicity Geidt      +44 (0) 20 7628 3396 
 Optiva Securities Limited (Joint 
  Broker) 
 Christian Dennis                       +44 (0) 20 3137 1902 
 Cenkos Securities Plc (Joint 
  Broker) 
 Joe Nally (Corporate Broking)           +44 (0) 20 7397 8900 
  Derrick Lee and Pete Lynch              +44 (0) 131 220 6939 
 Murray (PR Advisor)                    +353 (0) 87 6909735 
 Joe Heron                              jheron@murrayconsultants.ie 
 
 St Brides Partners (Financial 
  PR/IR) 
 Frank Buhagiar                         +44 (0) 207 236 1177

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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