Vesting of Restricted Stock Units

RNS Number : 7360E

Diversified Gas & Oil PLC

09 November 2020

 

This announcement has been re-released to facilitate onward transmission by third party vendors.

The announcement is unchanged and is reproduced in full below.

2 November 2020

Diversified Gas & Oil PLC

("DGO" or the "Company")

Vesting of Restricted Stock Units  

Diversified Gas & Oil PLC (LSE: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces the vesting of 150,000 Restricted Stock Units ("RSUs") issued from its equity incentive plan (the "Plan") to senior members of DGO's operations management team. Subsequently, the Company has issued and allotted an aggregate of 103,033 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 on or around 3 November 2020. 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 707,377,146 Ordinary Shares in issue and holds no Ordinary Shares in treasury. Shareholders may use 707,377,146 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	[phone]
Teresa Odom, Vice President, Investor Relations
www.dgoc.com
[e-mail]
Buchanan	[phone]
Financial Public Relations
Ben Romney
Chris Judd
Kelsey Traynor
James Husband
[e-mail]

 

END

 

 

MSCFLFFDLELAIII