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Solo Oil Plc (SOLO)

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Friday 14 September, 2018

Solo Oil Plc

Director/PDMR Shareholding

RNS Number : 8348A
Solo Oil Plc
14 September 2018
 

FOR IMMEDIATE RELEASE                                                                       

   14 September 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

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

 

SOLO OIL PLC

("Solo" or the "Company")

 

Directors' Dealings and PDMR Notifications

 

All capitalised terms in this announcement have the same meanings as those given to them in the Circular posted by the Company on 15 August 2018, unless the context otherwise requires.

Directors' Dealings

As described in the announcement dated 13 September 2018, the Company has undertaken an open offer involving the issue of an aggregate total of 52,439,328 New Ordinary Shares of 0.2 pence each in the Company and raising approximately £1.2 million.

The Company reports that the Directors applied to participate in the Open Offer, as set out in the table below. Directors participation totalled 11,777,086 shares (£264,884) representing 22.5% of the open offer.

Director

Existing holding of shares

Existing Options

Total Open Offer Shares applied for under Basic Entitlement

Total Open Offer Shares applied for under Excess Application Facility

Total number of Open Offer Shares subscribed for (separate to Basic Entitlement or Excess Application Facility)

Total number of Ordinary Shares held

% of issued share capital

Alastair Ferguson

12,380,953

-

634,921

-

3,809,523

16,825,397

2.66%

Daniel Maling

7,110,847

3,250,000

-

-

790,000

11,150,847

1.77%

Jon Fitzpatrick

21,666,001*

2,500,000

1,875,975

2,666,667

-

28,708,641

4.54%

Donald Strang

1,891,111

2,000,000

-

-

2,000,000

5,891,111

0.93%

* includes indirect interest of 916,624 shares held by Carolyn Fitzpatrick

For further information:

Solo Oil plc

Dan Maling

+44 (0) 20 7440 0642



Beaumont Cornish Limited

Nominated Adviser

Roland Cornish/Rosalind Abrahams/Felicity Geidt

+44 (0) 20 7628 3396

 

Shore Capital

Broker

Jerry Keen

 

Buchanan (PR)

Ben Romney / Chris Judd / Henry Wilson

 

+44 (0) 20 7408 4090

 

 

 

+44 (0) 20 7466 5000

 

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the MAR

Alasdair Ferguson

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Alastair Ferguson

2

Reason for notification

a)

Position / status

Director

 

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Solo Oil plc

 

b)

LEI

213800Z1HYXM02FSDM70

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 0.20 pence each in Solo Oil plc

 

 

ISIN GB00BFIBK408

 

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volumes(s)

Price: 2.25 pence per share

Volume: 4,444,444 shares

d)

Aggregated information

n/a

e)

Date of the transactions

13  September 2018

f)

Place of the transactions

London

 

Daniel Maling

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Daniel Maling

2

Reason for notification

a)

Position / status

Director

 

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Solo Oil plc

 

b)

LEI

213800Z1HYXM02FSDM70

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 0.20 pence each in Solo Oil plc

 

 

ISIN GB00BFIBK408

 

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volumes(s)

Price: 2.25 pence per share

Volume: 790,000 shares

d)

Aggregated information

n/a

e)

Date of the transactions

13 September 2018

f)

Place of the transactions

London

 

Jon Fitzpatrick

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Jon Fitzpatrick

2

Reason for notification

a)

Position / status

Director

 

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Solo Oil plc

 

b)

LEI

213800Z1HYXM02FSDM70

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 0.20 pence each in Solo Oil plc

 

 

ISIN GB00BFIBK408

 

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volumes(s)

Price: 2.25 pence per share

Volume: 4,542,642

d)

Aggregated information

n/a

e)

Date of the transactions

13 September 2018

f)

Place of the transactions

London

 

Donald Strang

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Donald Strang

2

Reason for notification

a)

Position / status

Director

 

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Solo Oil plc

 

b)

LEI

213800Z1HYXM02FSDM70

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 0.20 pence each in Solo Oil plc

 

 

ISIN GB00BFIBK408

 

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volumes(s)

Price: 2.25 pence per share

Volume: 2,000,000 shares

d)

Aggregated information

n/a

e)

Date of the transactions

13 September 2018

f)

Place of the transactions

London

 


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