Exercise of Stock Options

RNS Number : 0769S
Diversified Gas & Oil PLC
12 March 2021
 

12 March 2021

 

 

Diversified Gas & Oil PLC

("DGO" or the "Company")

 

Exercise of Stock Options

 

Diversified Gas & Oil PLC (LSE: DGOC) announces the vesting of 833,334 Stock Options previously awarded to members of its senior management team and the concurrent exercise of the same. The Company withheld 654,235 shares to satisfy the underlying £0.84 exercise price and related employee tax withholdings. Accordingly, DGO issued and allotted an aggregate of 179,099 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of withholding tax).

 

DGO has applied for the New Shares to be admitted to the Premium Listing Segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange PLC, and expects admission to occur on or around 15 March 2021. The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

 

Including the New Shares, the Company has 707,703,917 Ordinary Shares in issue and holds no Ordinary Shares in treasury. Shareholders may use 707,703,917 as the denominator in calculations to determine if they must notify the Company of their interest in, or a change to their invested interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

Diversified Gas & Oil PLC

+1 205 408 0909

Teresa Odom, Vice President, Investor Relations


www.dgoc.com


ir@dgoc.com




Buchanan

+44 20 7466 5000

Financial Public Relations


Ben Romney


Chris Judd


Kelsey Traynor


James Husband


dgo@buchanan.uk.com


 

 

About Diversified Gas & Oil PLC

Diversified Gas & Oil PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ALSQLLBFFXLXBBK
UK 100