Vesting of Restricted Stock Units, PDMR and TVR

RNS Number : 6052Q

Diversified Gas & Oil PLC

01 March 2021

 

1 March 2021

Diversified Gas & Oil PLC

("DGO" or the "Company")

Vesting of Restricted Stock Units, PDMR Share Dealings and Total Voting Rights

Diversified Gas & Oil PLC (LSE: DGOC) announces the vesting of Restricted Stock Units ("RSUs") issued under its equity incentive plan (the "Plan") to members of DGO's executive management team, including 78,351 RSUs for Rusty Hutson, CEO and 64,524 RSUs for Brad Gray, COO. The Company has therefore issued and allotted an aggregate of 114,700 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of withholding tax).

DGO has applied for the New Shares to be admitted to the Premium Listing Segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange PLC, and expects admission to occur on or around 4 March 2021. The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

Mr Hutson and Mr Gray now hold 20,922,899 and 2,369,782 Ordinary Shares, respectively, in the Company, representing 2.96% and 0.33%, respectively, of the Company's issued share capital.

Including the New Shares, the Company has 707,524,818 Ordinary Shares in issue and holds no Ordinary Shares in treasury. Shareholders may use 707,524,818 as the denominator in calculations to determine if they must notify the Company of their interest in, or a change to their invested interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Diversified Gas & Oil PLC	[phone]
Teresa Odom, Vice President, Investor Relations
www.dgoc.com
[e-mail]
Buchanan	[phone]
Financial Public Relations
Ben Romney
Chris Judd
Kelsey Traynor
James Husband
[e-mail]

About Diversified Gas & Oil PLC

Diversified Gas & Oil PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.

NOTIFICATION AND 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	Robert R. ("Rusty") Hutson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Diversified Gas & Oil PLC
b)	LEI	213800YR9TFRVHPGOS67
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	Restricted stock units constituting a right to acquire Ordinary Shares of 1p each
	Identification code	GB00BYX7JT74
b)	Nature of the transaction	Vesting of restricted stock units under the Company's equity incentive plan
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£Nil	62,899
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	1 March 2021
f)	Place of the transaction	Outside a trading venue (XOFF)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bradley Gray
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Diversified Gas & Oil PLC
b)	LEI	213800YR9TFRVHPGOS67
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	Restricted stock units constituting a right to acquire Ordinary Shares of 1p each
	Identification code	GB00BYX7JT74
b)	Nature of the transaction	Vesting of restricted stock units under the Company's equity incentive plan
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£Nil	51,801
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	1 March 2021
f)	Place of the transaction	Outside a trading venue (XOFF)

 

END

 

 

MSCMZGZZGRZGMZZ