Director/PDMR Shareholding

RNS Number : 7211K

Diversified Gas & Oil PLC

23 April 2020

 

23 April 2020

Diversified Gas & Oil PLC

("DGO" or the "Company")

Executive Directors' RSU award

Diversified Gas & Oil PLC (AIM: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, announces that the Company has today granted the following Restricted Stock Units ("RSU's") to the Executive Directors in accordance with the Company's annual bonus award as set out in the Company's 2019 Annual Report & Accounts.

	RSUs Awarded	% of issued share capital	Date of Grant	Vesting Date
Rusty Hutson	78,351	0.01%	23/04/2020	23/04/2021
Brad Gray	64,524	0.01%	23/04/2020	26/04/2021

Note:  The RSUs are based upon a GBP:USD exchange rate of 1:1.230

Following the award of these RSUs, the Executive Directors' interests in the Company will comprise:

	Shareholding	% of issued share capital	RSUs	% of issued share capital	LTIP shares(1)	% of issued share capital	Share Options	% of issued share capital
Rusty Hutson	20,860,000	3.25%	78,351	0.01%	1,658,558	0.26%	8,400,000	1.31%
Brad Gray	2,282,981	0.36%	64,524	0.01%	1,019,706	0.16%	3,850,000	0.60%

(1)  Maximum award subject to meeting relevant performance criteria in full

For further information, please contact:

		Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Brad Gray, Chief Operating Officer Eric Williams, Chief Financial Officer www.dgoc.com	+ 1 [phone]
		Cenkos Securities plc Nominated Adviser Russell Cook Katy Birkin	[phone]
		Mirabaud Securities Limited Joint Broker Peter Krens Edward Haig-Thomas	[phone]
		Stifel Nicolaus Europe Limited Joint Broker Callum Stewart Jason Grossman Ashton Clanfield	[phone]
		Buchanan Financial Public Relations Ben Romney Chris Judd Kelsey Traynor James Husband [e-mail]	[phone]

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert "Rusty" Russell Hutson Jr
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Diversified Gas & Oil plc
b)	LEI	213800YR9TFRVHPGOS67
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 the financial instrument, type of instrument	Bonus award of restricted stock units constituting a right to receive ordinary shares of 1p each
	Identification code	GB00BYX7JT74
b)	Nature of the transaction	Issue of restricted stock units in accordance with the Company's annual bonus award
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		Nil	78,351
d)	Aggregated information	N/A (single transaction)
	Aggregated volume	N/A (single transaction)
	Price	N/A (single transaction)
e)	Date of the transaction	23 April 2020
f)	Place of the transaction	XOFF

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bradley Grafton Gray
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Diversified Gas & Oil plc
b)	LEI	213800YR9TFRVHPGOS67
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 the financial instrument, type of instrument	Bonus award of restricted stock units constituting a right to receive ordinary shares of 1p each
	Identification code	GB00BYX7JT74
b)	Nature of the transaction	Issue of restricted stock units in accordance with the Company's annual bonus award
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		Nil	64,524
d)	Aggregated information	N/A (single transaction)
	Aggregated volume	N/A (single transaction)
	Price	N/A (single transaction)
e)	Date of the transaction	23 April 2020
f)	Place of the transaction	XOFF

 

END

 

 

DSHBIGDSLXDDGGX