Director/PDMR Shareholding

RNS Number : 5684N
Energean Oil & Gas PLC
21 January 2019
 

 

 

 

Energean Oil & Gas plc

("Energean" or the "Company")

 

DIRECTOR/ PDMR Shareholding

 

London, 21 January 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג) , the London Premium Listed FTSE 250 and Tel Aviv Listed TA-90 E&P company with operations offshore Israel, Greece and the Adriatic, wishes to disclose the following transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them ("PCAs").

 

As described in the Admission Prospectus, on 30 June 2017, as part of the restructuring of the Group in preparation for Admission, the Company agreed to issue 174,138 ordinary shares to HIL Hydrocarbon Investments Limited ("HIL"), a company controlled by Efstathios Topouzoglou, and Capital Energy Investments Limited ("Capital"), a company controlled by Mathios Rigas, in consideration for the transfer of shares held by HIL and Capital, which represented the remaining 0.3% of the issued share capital of Energean E&P Holdings Limited ("the EEPHL Shares"). It was further agreed that this transaction would take place once certain security then in place over the EEPHL Shares had been discharged, with the EEPHL Shares being held on trust for the Company pending completion of the transaction.

 

The security over the EEPHL Shares has since been discharged and, accordingly, the EEPHL shares have been transferred from HIL and Capital to the Company and, on 16 January 2019, the Company duly issued 174,138 ordinary shares of 1p each as follows: 91,650 ordinary shares to HIL and 82,488 ordinary shares to Capital. Following completion of the transaction, the Company holds a direct interest in 100% of the issued share capital of EEPHL.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Capital Energy Investments Limited

2

 

Reason for the notification

 

 

a)

 

Position/status

 

 

PCA of Mathios Rigas  

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer

 

a)

 

Name

 

 

Energean Oil & Gas plc

 

b)

 

LEI

 

549300RVMKU0CYUZBB05

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 1p each 

 

 

GB00BG12Y042

b)

Nature of the transaction

 

Receipt of ordinary shares by Capital Energy Holdings Limited (a company controlled by Mathios Rigas) as consideration for13, 748 shares  of Energean E&P Holdings Limited.

 

c)

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

 

Nil

 

82,488

d)

 

Aggregated information

- Aggregated volume - Price

 

N/A

e)

 

Date of the transaction

 

 

 

2019-01-16

 

 

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

H.I.L. Hydrocarbon Investments Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

PCA of Efstathios Topouzoglou

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer

 

a)

 

Name

 

 

Energean Oil & Gas plc

 

b)

 

LEI

 

549300RVMKU0CYUZBB05

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 1p each 

 

 

GB00BG12Y042

b)

Nature of the transaction

 

Receipt of ordinary shares by HIL Hydrocarbon Investments Limited (a company controlled by Efstathios Topouzoglou) as consideration for 15,275 shares of Energean E&P Holdings Limited.

 

c)

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

 

Nil

 

91,650

d)

 

Aggregated information

- Aggregated volume - Price

 

N/A

e)

 

Date of the transaction

 

 

 

2019-01-16

 

 

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

Enquiries

Energean

Tel: 07917 608645

Kate Sloan, Head of IR

 

 

Camarco (Financial PR)

Tel: 020 3757 4980

Billy Clegg, Georgia Edmonds, Owen Roberts

 



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