Director/PDMR Shareholding

RNS Number : 1959R

Lansdowne Oil & Gas plc

25 June 2015

 

25 June 2015

Lansdowne Oil & Gas plc

Director's Shareholding

Lansdowne Oil & Gas plc ("Lansdowne" or the "Company"), a North Celtic Sea focussed oil and gas company, is pleased to announce that, as part of the bonus arrangements under his contract of employment, Steve Boldy has today been issued with 448,000 ordinary Lansdowne shares.  This issue of bonus shares is as a result of PSE Seven Heads Limited, the operator of SEL 4/07, and a wholly owned subsidiary of Kinsale Energy Limited, entering into a contract for Diamond Offshore Drilling to drill a well on the Midleton Prospect, as announced on 22 June 2015.

Following this issue, Steve Boldy is beneficially interested in 700,660 ordinary shares representing 0.43% of the issued share capital of the Company.

Additionally, Richard Slape has, as a condition of his contract of employment, been granted 500,000 options to subscribe for ordinary Lansdowne shares at an exercise price of 15p per share.  These options will vest on 1 April 2017 and expire on 24 June 2025.

Application has been made for the admission of 448,000 ordinary shares to trading on AIM.  Dealings are expected to commence on 30 June 2015.

For further information please contact:

Lansdowne Oil & Gas plc Steve Boldy Richard Slape	[phone]
Cantor Fitzgerald Europe                                     Sarah Wharry David Porter	[phone]

Notes to editors:

About Lansdowne

Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focussed, oil and gas exploration and appraisal company quoted on the AIM market and head quartered in Dublin.  Lansdowne holds extensive acreage, in the North Celtic Sea Basin, an emerging under-explored province. Lansdowne holds a 20% stake in the Barryroe field, and in addition to SEL 4/07 holds two other exploration Licences - 5/07 (Rosscarbery) and 5/08 (Amergin) that contain drill ready prospects defined on 2011 3D seismic data. The farm-out process is continuing on these other licences to identify partners for a drilling programme.

For more information on Lansdowne, please refer to www.lansdowneoilandgas.com 

 

END

 

 

RDSDELBLEQFFBBD