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)

 

+44 (0) 20 7036 1400

finnCap Ltd

Christopher Raggett / Simon Hicks

 

+44 (0) 20 7220 0500

Peel Hunt LLP

Richard Crichton / David McKeown

+44 (0) 20 7418 8900

 


Vigo Consulting

Patrick d'Ancona / Finlay Thomson

 

+44 (0) 20 7390 0230

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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