Director/PDMR Shareholding

RNS Number : 2004N
IOG PLC
28 September 2021
 

28 September 2021

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 further to the completion of the Company's Placing and Subscription (together the "Fundraise"), IOG is pleased to confirm the participation in the Fundraise by certain Directors, persons discharging managerial responsibilities ("PDMRs") of the Company, and persons closely associated ("PCAs") with them. Their participation in the Fundraise and revised shareholdings are shown below:

 

Director/Senior manager

Role

Number of New Ordinary Shares subscribed for

Resulting number of Ordinary Shares held

Percentage of Enlarged Share Capital held on Admission (%)

Fiona MacAulay

Non-Executive Chair

20,000

220,000

0.042

Neil Hawkings

Non-Executive Director

20,000

20,000

0.004

Andrew Hockey

CEO

40,000

830,729

0.159

Rupert Newall

CFO

40,000

3,807,050

0.727

David Gibson

COO

40,000

40,000

0.008

James Chance

Head of Capital Markets & ESG

40,000

618,463

0.118

 

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

 

Enquiries:

 

IOG plc

Andrew Hockey (CEO)

Rupert Newall (CFO)

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 / Chris McMahon / Oliver Clark

 

+44 (0) 20 7390 0230

About IOG:

 

IOG's Saturn Banks Project targets a gross peak production rate of 140 mmscf/d (c. 24,000 Boe/d) from gross 2P gas reserves of 302 Bcfe¹ and management estimated 2C gas Contingent Resources of 132 Bcfe, via an efficient hub strategy based on co-owned infrastructure. In addition to its 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C contingent resources at Goddard, it has management estimated gross 2C contingent resources of 23 Bcfe at Abbeydale and gross unrisked mid-case prospective resources of 36 Bcfe at Kelham North, 42 Bcfe at Kelham Central, 58 Bcfe at Thornbridge, 31 Bcfe at Southsea, 28 Bcfe and 19 Bcfe in the two Goddard flank structures, and 21 Bcfe at Harvey. The Orrell discovery, with management estimated gross 2C contingent resources of 42 Bcfe, also lies approximately 50% on the P2442 licence held 50% by IOG.

In December 2020 IOG was also awarded a 50% operated stake in Licence P2589, containing the Panther and Grafton gas discoveries with management estimated gross mid-case contingent resources of 46 Bcfe and 35 Bcfe respectively. In addition, IOG continues to pursue value accretive acquisitions to help generate further significant shareholder returns.

¹ ERC Equipoise Competent Persons Report: October 2017, adjusted by Management to account for updated project timing and compression

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

Non-Executive 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

Ordinary shares of 1 pence each ("Ordinary Shares")

Identification code

GB00BF49WF64

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price and volume

Price (s)

Volume (s)

25.00 p

20,000

d)

Aggregated information:

Aggregated volume

Price

 

20,000

25.00 p

e)

Date of the transaction

28 September 2021

f)

Place of the transaction


London Stock Exchange, AIM Market (XLON)

 



 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Hawkings

2. 

Reason for the Notification

a)

Position/status

Non-Executive Director

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

Ordinary shares of 1 pence each ("Ordinary Shares")

Identification code

GB00BF49WF64

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price and volume

Price (s)

Volume (s)

25.00 p

20,000

d)

Aggregated information:

Aggregated volume

Price

 

20,000

25.00 p

e)

Date of the transaction

28 September 2021

f)

Place of the transaction


London Stock Exchange, AIM Market (XLON)



 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Hockey

2. 

Reason for the Notification

a)

Position/status

CEO

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

Ordinary shares of 1 pence each ("Ordinary Shares")

Identification code

GB00BF49WF64

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price and volume

Price (s)

Volume (s)

25.00 p

40,000

d)

Aggregated information:

Aggregated volume

Price

 

40,000

25.00 p

e)

Date of the transaction

28 September 2021

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

CFO

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

Ordinary shares of 1 pence each ("Ordinary Shares")

Identification code

GB00BF49WF64

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price and volume

Price (s)

Volume (s)

25.00 p

40,000

d)

Aggregated information:

Aggregated volume

Price

 

40,000

25.00 p

e)

Date of the transaction

28 September 2021

f)

Place of the transaction


London Stock Exchange, AIM Market (XLON)



 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Gibson

2. 

Reason for the Notification

a)

Position/status

COO

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

Ordinary shares of 1 pence each ("Ordinary Shares")

Identification code

GB00BF49WF64

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price and volume

Price (s)

Volume (s)

25.00 p

40,000

d)

Aggregated information:

Aggregated volume

Price

 

40,000

25.00 p

e)

Date of the transaction

28 September 2021

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

Ordinary shares of 1 pence each ("Ordinary Shares")

Identification code

GB00BF49WF64

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price (s)

Volume (s)

25.00 p

40,000

d)

Aggregated information:

Aggregated volume

Price (s)

 

40,000

25.00

e)

Date of the transaction

28 September 2021

f)

Place of the transaction


London Stock Exchange, AIM Market (XLON)

 

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