United Oil & Gas PLC Director/PDMR Shareholding (3620Z)
May 21 2021 - 2:00AM
UK Regulatory
TIDMUOG
RNS Number : 3620Z
United Oil & Gas PLC
21 May 2021
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil
& Gas
21 May 2021
United Oil & Gas PLC
("United" or the "Company")
Director / PDMR Shareholding
United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas
company with a portfolio of production, development, exploration
and appraisal assets, announces that further to the "Exercise of
Warrants and Total Voting Rights, Significant Shareholding
increases for Executive Directors Brian Larkin and Jonathan
Leather" announcement of 17 May 2021 :
- Following Admission the shareholding of Mr Larkin, the
Company's CEO, increased by 9,755,690 ordinary shares. Mr Larkin
subsequently sold 3,312,012 ordinary shares at GBP0.0425 per share
to fund the subscription of the warrants and accordingly he now has
an interest in 16,199,369 ordinary shares representing
approximately 2.51% of the Company's enlarged issued share capital;
and
- Following Admission the shareholding of Mr Leather, the
Company's COO, increased by 4,877,810 ordinary shares. Mr Leather
subsequently sold 1,655,994 ordinary shares at GBP0.0425 per share
to fund the subscription price of the warrants and accordingly he
now has an interest in 8,099,626 ordinary shares representing
approximately 1.26% of the Company's enlarged issued share
capital.
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as given to them in the
"Exercise of Warrants and Total Voting Rights, Shareholding
increases for Executive Directors Brian Larkin and Jonathan
Leather" announcement of 17 May 2021.
The information contained in Appendix 1 below is disclosed in
accordance with Article 19 of the EU Market Abuse Regulation
596/2014 ("MAR") as it forms part of UK Domestic Law by virtue of
the European Union (Withdrawal) Act 2018.
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 (Broker)
Christian Dennis +44 (0) 20 3137 1902
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
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a
portfolio of low-risk, cash generative production and development
assets across Egypt, UK, Italy and a high impact exploration
licence in Jamaica.
The Company is led by an experienced management team with a
strong track record of growing full cycle businesses and partnered
with established industry players and well positioned to deliver
future growth through portfolio optimisation and targeted
acquisitions.
United Oil & Gas is listed on the AIM market of the London
Stock Exchange. For further information on United Oil and Gas
please visit https://www.uogplc.com/
Appendix 1 - Notification of Transactions of Directors/Persons
Discharging Managerial Responsibility and Connected Persons
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name Brian Larkin
-------------------------- ---------------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------
a) Position / status CEO
-------------------------- ---------------------------------------------------
b) I nitial notification Initial notification
/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 213800WZWERBFYBQ9J17
-------------------------- ---------------------------------------------------
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 Ordinary Shares of GBP0.01 each
financial instrument,
t ype of instrument ISIN: GB00BYX0MB92
I d e ntification
code
-------------------------- ---------------------------------------------------
Nature of the transaction (a) exercise of 9,755,690 warrants at GBP0.0142857
per warrant share
(b) sale of 3,312,012 ordinary shares at
GBP0.0425 per ordinary share
-------------------------- ---------------------------------------------------
Price(s) and volumes(s) Price(s) Volumes(s)
(a) GBP0.0142857 9,755,690
-------------- -----------
(b) GBP0.0425 3,312,012
-------------- -----------
-------------------------- ---------------------------------------------------
d) Aggregated information N/A
-------------------------- ---------------------------------------------------
e) Date of the transaction 2021-05-20
-------------------------- ---------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------------------
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name Jonathan Leather
-------------------------- ---------------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------
a) Position / status COO
-------------------------- ---------------------------------------------------
b) I nitial notification Initial notification
/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 213800WZWERBFYBQ9J17
-------------------------- ---------------------------------------------------
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 Ordinary Shares of GBP0.01 each
financial instrument,
t ype of instrument ISIN: GB00BYX0MB92
I d e ntification
code
-------------------------- ---------------------------------------------------
Nature of the transaction (a) exercise of warrants 4,877,810 at GBP0.0142857
per warrant share
(b) sale of 1,655,994 ordinary shares at
GBP0.0425 per ordinary share
-------------------------- ---------------------------------------------------
Price(s) and volumes(s) Price(s) Volumes(s)
(a) GBP0.0142857 4,877,810
-------------- -----------
(b) GBP0.0425 1,655,994
-------------- -----------
-------------------------- ---------------------------------------------------
d) Aggregated information N/A
-------------------------- ---------------------------------------------------
e) Date of the transaction 2021-05-20
-------------------------- ---------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------------------
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