Issue of Equity

RNS Number : 0801J

Diversified Gas & Oil PLC

14 August 2019

 

14 August 2019

Diversified Gas & Oil PLC

(the "Company")

Vesting of Restricted Stock Units

Diversified Gas & Oil PLC (AIM: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, has announced previously the award of Restricted Stock Units ("RSUs") issued under the Company's equity incentive plan (the "Plan") to certain of the Company's directors and senior management.  In accordance with the terms of the Plan, to satisfy RSU's awarded to a member of the management team that have now vested, the Company has issued and allotted an aggregate of 26,150 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares").

Application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to occur on or around 21 August 2019.  The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

Following the issue of the New Ordinary Shares the Company has 665,753,979 Ordinary Shares in issue.  No Ordinary Shares are held in treasury.  The figure of 665,753,979 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Bradley G. Gray, Chief Operating Officer and Finance Director Eric Williams, Chief Financial Officer www.DGOC.com	+ 1 [phone]
Cenkos Securities plc Nominated Adviser Russell Cook Katy Birkin Ben Jeynes	[phone]
Mirabaud Securities Limited Joint Broker Peter Krens Edward Haig-Thomas	[phone]
Stifel Nicolaus Europe Limited Joint Broker Callum Stewart Nicholas Rhodes Ashton Clanfield	[phone]
Buchanan Financial Public Relations Ben Romney Chris Judd James Husband [e-mail]	[phone]

 

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