Director/PDMR Shareholding

RNS Number : 4103T

IOG PLC

17 March 2023

 

17 March 2023

IOG plc

Director/PDMR Dealings

IOG plc ("IOG", or "the Company"), (AIM: IOG.L), announces that certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company have purchased in the market a total of 744,180 ordinary shares of 1p each ("Ordinary Shares") at an average price of 4.525p per Ordinary Share, equating to aggregate value of £33,671.32, 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
Rupert Newall	CEO	300,000	5,253,921	1.00%
Dougie Scott	COO	220,355	412,644	0.08%
John Arthur	CFO	223,825	325,255	0.06%

Following these share purchases, current IOG directors and employees own in aggregate 1.88% of the Company's Issued Share Capital.

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	Rupert Newall
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	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)
		4.574p 4.58p	175,000 125,000
d)	Aggregated information	Purchase of 300,000 Ordinary Shares at an average price of 4.577p per Ordinary Share
e)	Date of the transactions	17 March 2023
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	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	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)
		4.50p 4.56p	110,968 109,387
d)	Aggregated information	Purchase of 220,355 Ordinary Shares at an average price of 4.53p per Ordinary Share
e)	Date of the transactions	17 March 2023
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	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	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)
		4.45p	223,825
d)	Aggregated information	Purchase of 223,825 Ordinary Shares at a price of 4.45p per Ordinary Share
e)	Date of the transactions	17 March 2023
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

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 UK developer and producer of indigenous offshore gas. The Company began producing gas in March 2022 via its offshore and onshore Saturn Banks production infrastructure. In addition to its production assets, IOG operates several UK Southern North Sea licences containing gas discoveries and prospects which, subject to future investment decisions, may be commercialised through the Saturn Banks infrastructure. All its assets are co-owned 50:50 with its joint venture partner CalEnergy Resources (UK) Limited. Further details of its portfolio can be found at www.iog.co.uk .

 

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