Vesting of RSUs, PDMR dealing and TVR

RNS Number : 2212H
Diversified Gas & Oil PLC
30 July 2019
 

30 July 2019

 

Diversified Gas & Oil PLC

(the "Company")

 

Vesting of Restricted Stock Units, PDMR share dealing and Total Voting Rights

 

Diversified Gas & Oil PLC (AIM: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells and as well as midstream assets, announced on 2 November 2017 and 26 July 2018 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, 32,486 RSU's have vested and the Company has therefore issued and allotted an aggregate of 32,486 new ordinary shares of 1 pence each in the Company (the "New Shares") to two members of the management team. 

 

Application has been made for the New Shares to be admitted to trading on AIM which is expected to occur on or around 5 August 2019.  The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

 

Of the New Shares, Michael Garrett, Controller and PDMR, has received 16,337 of the New Shares (net of withholding tax).  Mr Garrett's interest in the Company now comprises 16,337 Ordinary Shares, representing 0.002% of the Company's issued share capital. Mr Garrett also holds 950,000 options over Ordinary Shares and RSUs over a further 50,000 Ordinary Shares.

 

Following the issue of the New Shares the Company has 669,678,613 Ordinary Shares in issue.  No Ordinary Shares are held in treasury.  The figure of 669,678,613 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 (205) 408 0909

 

Cenkos Securities plc

Nominated Adviser

Russell Cook

Katy Birkin

Ben Jeynes

 

+44 (0)20 7397 8900

 

Mirabaud Securities Limited

Joint Broker

Peter Krens

Edward Haig-Thomas

 

+44 (0)20 3167 7221

 

Stifel Nicolaus Europe Limited

Joint Broker

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

 

+44 (0)20 7710 7600

Buchanan

Financial Public Relations

Ben Romney

Chris Judd

James Husband

dgo@buchanan.uk.com

 

+44 (0)20 7466 5000

 

 

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

Michael Garrett

 

2

Reason for the notification

 

a)

Position/status

PDMR (Controller)

 

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)

£0

16,337

 

d)

Aggregated information

N/A single transaction

 


Aggregated volume

N/A single transaction

 


Price

N/A single transaction

 

e)

Date of the transaction

29 July 2019

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 


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