Director & PDMR Dealings

RNS Number : 6371D

IOG PLC

21 October 2022

 

21 October 2022

IOG plc

Director & PDMR Dealings

IOG plc ("IOG", or "the Company"), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, announces that certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company have purchased in the market a total of 1,050,423 ordinary shares of 1p each ("Ordinary Shares") at an average price of 9.60p per Ordinary Share, equating to aggregate value of £100,792 as follows:

Director/PDMR	Role	Number of Ordinary Shares purchased	Resultant number of Ordinary Shares beneficially held	Resultant percentage of issued share capital beneficially held
Fiona MacAulay	Chair	49,178	269,218	0.05%
Rupert Newall	CEO	600,000	4,407,050	0.84%
Dougie Scott	COO	192,289	192,289	0.04%
John Arthur	CFO	101,430	101,430	0.02%
James Chance	Head of Capital Markets & ESG	107,526	939,725	0.18%

In addition, Andrew Hockey (former CEO of the Company) purchased 506,535 Ordinary Shares. His resultant beneficial shareholding is 1,427,264 Ordinary Shares, representing 0.27% of the issued share capital.

Other IOG employees have purchased 81,000 Ordinary Shares.

The total number of Ordinary Shares purchased by IOG personnel was therefore 1,637,958 Ordinary Shares.

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	Fiona MacAulay
2	Reason for the notification
a)	Position/status	Chair
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IOG plc
b)	LEI	2138005OA2NLZS2NRT74
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	IOG plc Ordinary Shares of 1p each
	Identification code	ISIN: GB00BF49WF64
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10.10p 10.19p	18,223 30,955
d)	Aggregated information	Purchase of 49,178 Ordinary Shares at an average price of 10.15p per Ordinary Share
e)	Date of the transactions	20 October 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rupert Newall
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IOG plc
b)	LEI	2138005OA2NLZS2NRT74
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	IOG plc Ordinary Shares of 1p each
	Identification code	ISIN: GB00BF49WF64
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		9.40p 9.34p 9.40p 9.40p 9.19p 9.20p 9.30p 9.40p	50,000 50,000 100,000 50,000 100,000 100,000 100,000 50,000
d)	Aggregated information	Purchase of 600,000 Ordinary Shares at an average price of 9.31p per Ordinary Share
e)	Date of the transactions	20 October 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dougie Scott
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IOG plc
b)	LEI	2138005OA2NLZS2NRT74
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	IOG plc Ordinary Shares of 1p each
	Identification code	ISIN: GB00BF49WF64
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10.10p 10.10p 10.39p 10.44p 10.48p 10.48p	19,473 19,473 48,065 47,847 47,675 9,486
d)	Aggregated information	Purchase of 192,289 Ordinary Shares at an average price of 10.37p per Ordinary Share
e)	Date of the transactions	20 October 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Arthur
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IOG plc
b)	LEI	2138005OA2NLZS2NRT74
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	IOG plc Ordinary Shares of 1p each
	Identification code	ISIN: GB00BF49WF64
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		9.86p	101,430
d)	Aggregated information	Purchase of 101,430 Ordinary Shares at an average price of 9.86p per Ordinary Share
e)	Date of the transactions	20 October 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Chance
2	Reason for the notification
a)	Position/status	Head of Capital Markets & ESG
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IOG plc
b)	LEI	2138005OA2NLZS2NRT74
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	IOG plc Ordinary Shares of 1p each
	Identification code	ISIN: GB00BF49WF64
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		9.30p	107,526
d)	Aggregated information	Purchase of 107,526 Ordinary Shares at an average price of 9.30p per Ordinary Share
e)	Date of the transactions	20 October 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

Enquiries:

IOG plc Rupert Newall (CEO) James Chance (Head of Capital Markets & ESG)	[phone]
finnCap Ltd Christopher Raggett / Simon Hicks	[phone]
Peel Hunt LLP Richard Crichton / David McKeown	[phone]
Vigo Consulting Patrick d'Ancona / Finlay Thomson	[phone]

About IOG:

IOG is a Net Zero UK gas and infrastructure operator focused on high-return projects. The Company's operations are currently concentrated around its offshore and onshore Saturn Banks infrastructure in the UK Southern North Sea. Phase 1 of its Saturn Banks Project, which started production in March 2022, entails the commercialisation of the Blythe, Elgood and Southwark gas fields through this infrastructure. Phase 2 of the Saturn Banks Project entails the Nailsworth, Goddard and Elland gas discoveries, which are subject to future investment decisions and expected to be commercialised through the same export infrastructure. The Company also holds further licences with additional resources including the Abbeydale, Panther and Grafton gas discoveries, the Kelham North, Kelham Central, Thornbridge and Thornbridge Deep prospects, and part of the Orrell gas discovery. Currently, all IOG's licences are held 50:50 with its joint venture partner CalEnergy Resources (UK) Limited and operated by IOG. In addition, the Company continually evaluates further opportunities for accretive portfolio additions to help generate additional shareholder returns. Further details are available at www.iog.co.uk .

 

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