Directors' Share Dealing

RNS Number : 6001Q

Egdon Resources PLC

30 November 2016

 

30 November 2016

EGDON RESOURCES PLC

("Egdon" or "the Company")

Directors' Share Dealing

The Company has been informed of the following recent transactions by Directors:

In the Open Offer Philip Stephens, Non-executive Chairman, purchased 12,890 shares; Mark Abbott, Managing Director, purchased 50,563 ordinary shares; Andrew Lodge, non-executive Director purchased 31,250 shares and Kenneth Rafcliff, non-executive Director purchased 9,984 shares; all at the Open Offer price of 13.5p.

A trust of which Walter Roberts, non-executive director and company secretary, is a trustee distributed 70,182 shares to each of the two beneficiaries thus reducing his beneficial holding although none of these shares have been sold.

Following these transactions and in order to update the percentages following the recent placing and open offer, the holdings of those Directors holding shares in the Company are as set out in the following table.

Director	Holding of Ordinary Shares	Percentage of Enlarged Share Capital
Philip Stephens	112,890	0.04%
Mark Abbott	7,864,387	3.04%
Andrew Lodge	531,250	0.21%
Kenneth Ratcliff	169,743	0.07%
Walter Roberts	974,129	0.38%

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	Philip Stevens
2	Reason for notification
a)	Position / status	PDMR/Chairman
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Egdon Resources plc
b)	LEI	NA
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 1 pence each NA
b)	Nature of the transaction	Open Offer purchase
c)	Price(s) and volumes(s)	Price Volume 13.5 pence 12,890
d)	Aggregated information Aggregated Volume Price	12,890  13.5 pence
e)	Date of the transaction	29 November 2016
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Abbott
2	Reason for notification
a)	Position / status	PDMR/Managing Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Egdon Resources plc
b)	LEI	NA
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 1 pence each NA
b)	Nature of the transaction	Open Offer purchase
c)	Price(s) and volumes(s)	Price Volume 13.5 pence 50,563
d)	Aggregated information Aggregated Volume Price	50,563  13.5 pence
e)	Date of the transaction	29 November 2016
f)	Place of the transaction	London Stock Exchange
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Lodge
2	Reason for notification
a)	Position / status	PDMR/Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Egdon Resources plc
b)	LEI	NA
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 1 pence each NA
b)	Nature of the transaction	Open Offer purchase
c)	Price(s) and volumes(s)	Price Volume 13.5 pence 31,250
d)	Aggregated information Aggregated Volume Price	31,250  13.5 pence
e)	Date of the transaction	29 November 2016
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ken Ratcliffe
2	Reason for notification
a)	Position / status	PDMR/Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Egdon Resources plc
b)	LEI	NA
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 1 pence each NA
b)	Nature of the transaction	Open Offer purchase
c)	Price(s) and volumes(s)	Price Volume 13.5 pence 9,984
d)	Aggregated information Aggregated Volume Price	9,984  13.5 pence
e)	Date of the transaction	29 November 2016
f)	Place of the transaction	London Stock Exchange

For further information please contact:

Egdon Resources plc

Mark Abbott                                                                                                             01256 702 292

Buchanan

Richard Darby, Anna Michniewicz                                                                         020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe

David Porter, Sarah Wharry (Corporate Finance)

Mark Westcott (Sales)

                                                                                                                                020 7894 7000

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking)                                                                         020 3005 5000

Andrew Raca (Corporate Finance)

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK. 

Egdon holds interests in 43 licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets.  Egdon is an approved operator in both the UK and France.

Egdon was formed in 1997 and listed on AIM in December 2004.

In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 26 years' experience.

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

 

END

 

 

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