United Oil & Gas PLC Issue of Options and Director/PDMR Notification (1577Q)
June 17 2020 - 2:00AM
UK Regulatory
TIDMUOG
RNS Number : 1577Q
United Oil & Gas PLC
17 June 2020
United Oil & Gas Plc / Index: AIM / Epic: UOG / Sector: Oil
& Gas
United Oil & Gas Plc
('United' or 'the Company')
Issue of Options
Notification of Transactions of Directors/PDMRs
17 June 2020
United Oil & Gas Plc, the AIM traded oil and gas
exploration, development and production company, announces the
award of options (the "Options") over a total of 14,767,500 new
ordinary shares in the capital of the Company ("Ordinary Shares")
to Directors of United on the following terms:
(a) an exercise price of 4 pence;
(b) date of grant: 17 June 2020;
(c) a vesting period of three years from the date of granting; and
(d) expiry date of 16 June 2030.
The Options represent, in aggregate, approximately 2.39 per
cent. of the existing issued share capital of the Company.
Following the issue, the Company has a total of 37,612,626 options
outstanding, representing approximately 6.07 per cent. of the
existing issued share capital of the Company.
These are the first stock options granted to most Directors
since 2018. Granting these Options will bring the Executive
Directors closer to their peer group in terms of remuneration, in
the most cost-effective way possible for the business.
Following the award of these Options, the Directors hold the
following Options:
Total
Options
as
Percentage
Position of
Existing
Issued
Options Existing Total Options Share
Director Awarded Options Held Capital
Brian
Larkin CEO 4,817,500 4,235,294 9,052,794 1.46%
Jonathan
Leather COO 4,100,000 4,058,824 8,158,824 1.32%
David
Quirke CFO 4,100,000 3,666,667 7,766,667 1.25%
Graham
Martin Chairman 1,000,000 1,176,471 2,176,471 0.35%
Alberto
Cataruzza NED 375,000 352,941 727,941 0.12%
Stewart
MacDonald NED 375,000 - 375,000 0.06%
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (MAR).
**ENDS**
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
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
1 Brian Larkin
2 Jonathan Leather
3 David Quirke
4 Graham Martin
5 Alberto Cataruzza
6 Stewart MacDonald
-------------------------- --------------------------------------
2 Reason for notification
------------------------------------------------------------------
a) Position / status
1 Chief Executive Officer
2 Chief Operating Officer
3 Chief Financial Officer
4 Chairman
5 Non-Executive Director
6 Non-Executive Director
-------------------------- --------------------------------------
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 vesting three years from date of
grant with expiry date of 16 June
2030
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
1 of 4 pence 4,817,500
--------------- -----------
Exercise price
2 of 4 pence 4,100,000
--------------- -----------
Exercise price
3 of 4 pence 4,100,000
--------------- -----------
Exercise price
4 of 4 pence 1,000,000
--------------- -----------
Exercise price
5 of 4 pence 375,000
--------------- -----------
Exercise price
6 of 4 pence 375,000
--------------- -----------
-------------------------- --------------------------------------
d) Aggregated information n/a
-------------------------- --------------------------------------
e) Date of the transaction 17 June 2020
-------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------
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
DSHDZGMVVVRGGZM
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