Vesting of Restricted Stock Units and TVR

RNS Number : 6189Y

Diversified Gas & Oil PLC

03 January 2020

 

3 January 2020

Diversified Gas & Oil PLC

(the "Company")

Vesting of Restricted Stock Units and Total Voting Rights

Diversified Gas & Oil PLC (AIM: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells and as well as midstream assets, announced on 2 November 2017 and 26 July 2018 the award of Restricted Stock Units ("RSUs") issued under the Company's equity incentive plan (the "Plan") to certain of the Company's directors and senior management.  In accordance with the terms of the Plan, 32,487 RSU's have vested and the Company has therefore issued and allotted an aggregate of 32,487 new ordinary shares of 1 pence each in the Company (the "New Shares") to a number of employees. 

Application has been made for the New Shares to be admitted to trading on AIM which is expected to occur on or around 8 January 2020.  The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

Following the issue of the New Shares the Company has 655,639,146 Ordinary Shares in issue.  No Ordinary Shares are held in treasury.  The figure of 655,639,146 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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

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

 

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