Director Share Purchase and Share Options issue
UK Oil & Gas PLC
("UKOG" or the "Company")
Director Share Purchase and Share Options issue
UK Oil & Gas PLC (London AIM: UKOG) announces that on the 16th December 2021 Stephen Sanderson, Chief Executive Officer, purchased 985,221 ordinary shares in the capital of the company ("Ordinary Shares") at 0.1015p per share. This purchase was carried out under the Defined Directors Share Purchase Programme ("DDSPP") announced on the 28th May 2021.
Mr Sanderson entered the DDSPP in December 2021 and has committed to purchase approximately 7% of his net monthly salary in Ordinary Shares each month for 12 months with the final purchase expected to occur on 18th November 2022.
The director has entered the DDSPP in an open period and is committed to making the monthly purchase of shares under the programme in what otherwise may be a closed period. Entering the DDSPP will not preclude the director from buying additional shares in the Company during open periods. The director will be able to enter a new DDSPP upon completion of an existing programme.
The market will be notified of share purchases under the DDSPP on the next trading day via a PDMR: Director's dealing notification.
Issue of Options
UK Oil & Gas PLC (London AIM: UKOG) announces that new options (the "Options") over a total of 15,000,000 Ordinary Shares have been granted at an exercise price of 0.10 pence per share. The Options vest immediately and will expire in five years from grant.
These options have been granted to Matthew Gormley who has recently started as the Chief Financial Officer of the Company.
The Options represent, in aggregate, approximately 0.1% of the existing Ordinary Share capital of the Company. Following the issue, the Company has a total of 291,000,000 options outstanding which have been issued to employees and the Directors of the Company, representing approximately 1.8% of the existing Ordinary Share Capital of the Company.
For further information, please contact:
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UK Oil & Gas PLC |
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Stephen Sanderson / Kiran Morzaria:
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Tel01483 941493 |
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WH Ireland Ltd (Nominated Adviser and Broker) |
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James Joyce / Andrew de Andrade:
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Tel020 7220 1666 |
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Communications |
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Brian Alexander: |
Tel01483 941493 |
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Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR')
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Stephen Sanderson |
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2. |
Reason for the notification |
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a. |
Position/status |
Chief Executive Officer |
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b. |
Initial notification /Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
UK Oil & Gas PLC |
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b. |
LEI |
213800IZP9HKGVLHQ907 |
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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 |
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a. |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.01 pence each GB00B9MRZS43 |
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b. |
Nature of the transaction |
Purchase of shares |
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c. |
Price(s) and volume(s) |
Price(s) £0.001015 |
Volume(s) 985,221 |
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d. |
Aggregated information · Aggregated volume · Price |
985,221 £1,000 |
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e. |
Date of the transaction |
16 December 2021 |
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f. |
Place of the transaction |
London Stock Exchange |
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Following the purchase, Stephen Sanderson holds 985,221 ordinary shares in the Company which represents 0.01% of the Company's issued share capital.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
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