PDMR Dealing

RNS Number : 0565G

Lekoil Limited

19 July 2019

 

19 July 2019

LEKOIL Limited

("LEKOIL" or the "Company")

PDMR Dealing

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that it has received notifications that:

• Mr. Olalekan Akinyanmi, the Chief Executive Officer of the Company, purchased 915,950 ordinary shares of USD0.00005 par value each in the Company ("Ordinary Shares") at an average price of 4.2 pence per Ordinary Share on 16 July 2019.  Following the transaction, Mr. Akinyanmi now has a total shareholding in LEKOIL of 40,248,501 Ordinary Shares representing approximately 7.5 per cent of the issued ordinary share capital of the Company.

• Mr. Gregory Eckersley, the Interim Chief Financial Officer of the Company, purchased 150,000 ordinary shares of USD0.00005 par value each in the Company at an average price of 4.0 pence per Ordinary Share on 16 July 2019.  Following the transaction, Mr. Eckersley now has a total shareholding in LEKOIL of 3,153,050 Ordinary Shares representing approximately 0.6 per cent of the issued ordinary share capital of the Company. 

• Mr. Samuel Olotu, the Chief Technical Officer of the Company, purchased 235,130 ordinary shares of USD 0.00005 par value each in the Company at an average price of 4.0 pence per Ordinary Share on 16 July 2019.  Following the transaction, Mr. Olotu now has a total shareholding in LEKOIL of 299,260 Ordinary Shares representing approximately 0.1 per cent of the issued ordinary share capital of the Company. 

For further information, please visit www.lekoil.com or contact:

Lekoil Limited Alfred Castaneda, Investor Relations	[phone]
Strand Hanson Limited (Financial & Nominated Adviser) James Spinney / Ritchie Balmer / Eric Allan	[phone]
Mirabaud Securities Limited (Joint Broker) Peter Krens / Edward Haig-Thomas	[phone] / [phone]
Numis Securities (Joint Broker) John Prior / Emily Morris	[phone]
Tavistock (Financial PR) Simon Hudson / Barney Hayward / Charles Vivian	[phone]

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

1		Details of the person discharging managerial responsibilities / person closely associated
a)		OLALEKAN AKINYANMI
2		Reason for the notification
a)		Position/status	CHIEF EXECUTIVE OFFICER
b)		Initial notification /Amendment	INITIAL
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name	LEKOIL
b)		LEI	LEK LN (LEKOF)
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	ORDINARY SHARES
		Identification code
b)		Nature of the transaction	PURCHASE
c)		Price(s) and volume(s)
				Price(s)	Volume(s)
				4.2 pence	915,950
d)		Aggregated information
		- Aggregated volume	915,950
		- Price	4.2 pence
e)		Date of the transaction	16 JULY 2019
f)		Place of the transaction	London Stock Exchange (XLON); AIM

 

1		Details of the person discharging managerial responsibilities / person closely associated
a)		GREGORY ECKERSLEY
2		Reason for the notification
a)		Position/status	INTERIM CHIEF FINANCIAL OFFICER
b)		Initial notification /Amendment	INITIAL
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name	LEKOIL
b)		LEI	LEK LN
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	ORDINARY SHARES
		Identification code
b)		Nature of the transaction	PURCHASE
c)		Price(s) and volume(s)
				Price(s)	Volume(s)
				4.0 pence	150,000
d)		Aggregated information
		- Aggregated volume	150,000
		- Price	4.0 pence
e)		Date of the transaction	16 JULY 2019
f)		Place of the transaction	London Stock Exchange (XLON); AIM

 

1		Details of the person discharging managerial responsibilities / person closely associated
a)		SAMUEL OLOTU
2		Reason for the notification
a)		Position/status	CHIEF TECHNICAL OFFICER
b)		Initial notification /Amendment	INITIAL
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name	LEKOIL
b)		LEI	LEK LN
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	ORDINARY SHARES
		Identification code
b)		Nature of the transaction	PURCHASE
c)		Price(s) and volume(s)
				Price(s)	Volume(s)
				4.0 pence	235,130
d)		Aggregated information
		- Aggregated volume	235,130
		- Price	157,000 at 4.0 pence
			78,130 at 3.9 pence
e)		Date of the transaction	16 JULY 2019
f)		Place of the transaction	London Stock Exchange (XLON); AIM

 

END

 

 

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