Director/PDMR Shareholding

RNS Number : 3365Q

Independent Oil & Gas PLC

05 June 2018

 

5 June 2018

Independent Oil and Gas plc

Director/PDMR Shareholding

Independent Oil & Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, announces that it has been informed that Mark Hughes, Chief Operating Officer has today acquired a total of 178,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares").

Following this acquisition, Mr Hughes has an interest in 178,000 Ordinary Shares representing 0.14% of the issued share capital of IOG.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Mr Mark Hughes
2.	Reason for the notification
(a)	Position/status	Chief Operating Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Independent Oil and Gas 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	Independent Oil & Gas plc Ordinary Shares of 1p each
(b)	Identification code of the Financial Instrument	ISIN: GB00BF49WF64
(c)	Nature of the transaction	Acquisition
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		22.33p	178,000
(e)	Aggregated information -        Aggregated volume -        Price	-   178,000 -   22.33p
(f)	Date of the transaction	5 June 2018
(g)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

-ENDS-

Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Independent Oil and Gas plc Andrew Hockey (CEO) James Chance (CFO)	[phone]
finnCap Ltd Christopher Raggett / Anthony Adams (Corporate Finance) Emily Morris / Camille Gochez (Corporate Broking)	[phone]
Camarco Georgia Edmonds / Tom Huddart / Monique Perks	[phone]

Notes

About Independent Oil and Gas:

IOG owns substantial low risk, high value gas Reserves in the UK Southern North Sea.  The Company is targeting a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial current portfolio (2P Reserves of 303 bcf) via an efficient hub strategy.  Alongside this it continues to pursue value accretive acquisitions, to generate significant shareholder returns.  All IOG's licences are owned 100% and operated by IOG.

Further information can be found on www.independentoilandgas.com

 

END

 

 

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