United Oil & Gas PLC Issue of Share Options, Director/PDMR Shareholding (6115B)
October 03 2022 - 11:16AM
UK Regulatory
TIDMUOG
RNS Number : 6115B
United Oil & Gas PLC
03 October 2022
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil
& Gas
3 October 2022
United Oil & Gas Plc
("United" "the Group" or the "Company")
Issue of share options
Director/PDMR Shareholding
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, Peter Dunne:
Director / PDMR Position Options Awarded Total Options
Held
================= ================= ================ ==============
Chief Financial
Peter Dunne Officer 6,862,005 6,862,005
================= ================= ================ ==============
The grant of the Share Options to Peter Dunne relate to a
contractual award on commencement of employment, but the issuance
of the Share Options has been delayed due to closed periods
primarily relating to the interim financial results of the
Company.
The Share Options are awarded with the following terms and
conditions:
(a) an exercise price of 2.47 pence;
(b) a vesting period of three years from the date of granting;
and
(c) an expiry date of ten years from the date of granting.
The total options in issue post the award of Share Options
outlined above will be 61,648,984 representing 9.56% of the current
issued share capital of 644,803,969.
ENDS
This announcement contains inside information for the purposes
of Article 7 of Regulation 2014/596/EU which is part of domestic UK
law pursuant to the Market Abuse (Amendment) (EU Exit) regulations
(SI 2019/310).
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Peter Dunne
-------------------------- ---------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------
a) Position / status Chief Financial Officer
-------------------------- ---------------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name United Oil & Gas plc
-------------------------- ---------------------------------------------
b) LEI
-------------------------- ---------------------------------------------
4 Details of the transaction(s): section to be repeated
for(i)each type of instrument; (ii)each type of transaction;(iii)each
date; and (iv)each place where transactions have been conducted
-------------------------------------------------------------------------
a) Description of Options over ordinary shares of 1 pence
the financial each in United Oil & Gas plc vesting for
instrument, type three years from date of grant, and expiry
of instrument ten years from date of vesting
Indentification ISIN GB00BYX0MB92
code
-------------------------- ---------------------------------------------
Nature of the Award of options pursuant to contract of
transaction employment
-------------------------- ---------------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
Exercise price
of 2.47 pence 6,862,005
-----------
-------------------------- ---------------------------------------------
d) Aggregated information n/a
-------------------------- ---------------------------------------------
e) Date of the transaction 30 September 2022
-------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------------
Enquiries
United Oil & Gas Plc (Company)
Brian Larkin, CEO brian.larkin@uogplc.com
Sharan Dhami, Head of IR sharan.dhami@uogplc.com
& ESG
Beaumont Cornish Limited
(Nominated Adviser)
Roland Cornish | Felicity
Geidt +44 (0) 20 7628 3396
Tennyson Securities (Joint
Broker)
Peter Krens +44 (0) 20 7186 9030
Optiva Securities Limited
(Joint Broker)
Christian Dennis +44 (0) 20 3137 1902
Camarco (Financial PR)
Georgia Edmonds | Emily +44 (0) 20 3757 4983 uog@camarco.co.uk
Hall | Sam Morris
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a
portfolio of low-risk, cash generative production, development,
appraisal and exploration assets across Egypt, UK and a high impact
exploration licence in Jamaica.
The business is led by an experienced management team with a
strong track record of growing full cycle businesses, partnered
with established industry players and is 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 www.uogplc.com
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END
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