United Oil & Gas PLC Issue of Options and Director/PDMR Shareholding (2383D)
October 27 2020 - 3:00AM
UK Regulatory
TIDMUOG
RNS Number : 2383D
United Oil & Gas PLC
27 October 2020
United Oil & Gas Plc / Index: AIM / Epic: UOG / Sector: Oil
& Gas
United Oil & Gas Plc
('United' or 'the Company')
Issue of Share Options
Director/PDMR Shareholding
27 October 2020
The Board of Directors of United Oil & Gas Plc, the AIM
traded oil and gas exploration, the growing oil and gas company
with a portfolio of production, development and exploration assets
, has awarded the following options (the "Share Options") to
Non-Executive Director, Iman Hill:
Director / PDMR Position Options Awarded Total Options
Held
Non-Executive
Iman Hill Director 1,481,481 1,481,481
--------------- ---------------- --------------
The Share Options relate to a contractual award on commencement
of employment and were granted on 29 September 2020; but the
issuance has been delayed due to closed periods primarily relating
to the financial results of the Company.
The Share Options are awarded with the following terms and
conditions:
(a) an exercise price of 2.7 pence;
(b) a vesting period of three years from the date of grant;
(c) an expiry date of 28 September 2030.
The total options in issue post the award of Share Options
outlined above will be 46,767,691 or 7.48% of the issued share
capital of 625,153,969 shares.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (MAR).
**ENDS**
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
Camarco (Financial PR/IR)
Billy Clegg +44 (0) 20 3757 4983
Georgia Edmonds uog@camarco.co.uk
James Crothers
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 responsibilities
/ p erson closely associated
a) Name Iman Hill
--------------------------- --------------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status 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 with vesting for three years from
date of grant, and expiry date of
28 September 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
of 2.7 pence 1,481,481
-----------
--------------------------- --------------------------------------
d) Aggregated information n/a
--------------------------- --------------------------------------
e) Date of the transaction 27th October 2020
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
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END
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