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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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