Directors? Share Dealing

RNS Number : 3069M

Egdon Resources PLC

27 April 2018

 

27 April 2018

EGDON RESOURCES PLC

("Egdon" or "the Company")

Directors' Share Dealing

The Company has been informed of the following recent transaction by a Director:

Mark Abbott, Managing Director, purchased 325,000 ordinary shares via his SIPP at an average price of 6.8 p.

Following this transaction Mark Abbott holds interests in 8,089,387 ordinary shares representing 3.11% of the share capital of the Company.

The issued share capital of Egdon Resources plc consists of 259,984,822 ordinary shares of 1 pence each with voting rights. No Shares are held in treasury. Therefore, the total number of voting rights in the Company is 259,984,822.

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	Mark Abbott
2	Reason for notification
a)	Position / status	PDMR/Managing Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Egdon Resources plc
b)	LEI	NA
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 Identification code	Ordinary Shares of 1 pence each NA
b)	Nature of the transaction	Purchase of shares via market
c)	Price(s) and volumes(s)	Price Volume 6.3 pence 6.7 pence 7.5 pence 100,000 125,000 100,000
d)	Aggregated information Aggregated Volume Price	275,000  6.8 pence
e)	Date of the transaction	24, 25 and 26 April 2018
f)	Place of the transaction	London Stock Exchange

For further information please contact:

Egdon Resources plc

Mark Abbott                                                             01256 702 292

Buchanan

Ben Romney, Anna Michniewicz                            020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe                     

David Porter / Nick Tulloch (Corporate Finance)     020 7894 7000

Caspar Shand Kydd / Alex Pollen (Sales)

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking)                         020 3005 5000

Andrew Raca (Corporate Finance)

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK. 

Egdon holds interests in 43 licences in the UK and has an active programme of exploration, appraisal and development within its portfolio of oil and gas assets. Egdon is an approved operator in the UK.  Egdon was formed in 1997 and listed on AIM in December 2004.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

END

 

 

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