PDMR Dealing

RNS Number : 4417H
Independent Oil & Gas PLC
31 July 2019
 

 

31 July 2019

Independent Oil and Gas plc

 

PDMR Dealing

 

Independent Oil and Gas plc ('IOG' or the 'Company) (AIM: IOG.L), the development and production focused oil and gas company, announces that Rupert Newall, a PDMR of the Company, has today transferred 94,911 Ordinary Shares to his wife, Annabel Newall, for nil consideration (the "Transfer').

Following the Transfer, Mr Newall will directly hold 300,000 shares, with no change to his total beneficial holding, including those held by his wife as a person closely associated, of 394,911 shares.

 

 

Enquiries:

Independent Oil and Gas plc

Andrew Hockey (CEO)

James Chance (CFO)

+44 (0) 20 3879 0510

finnCap Ltd

Christopher Raggett

Anthony Adams

+44 (0) 20 7220 0500

Peel Hunt LLP

Richard Crichton

David McKeown

+44 (0) 20 7418 8900

Vigo Communications

Patrick d'Ancona

+44 (0) 20 7390 0230

 

 

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 of 114 MMCF/d (c. 20,000 Boe/d) from its substantial Core Project (2P gas Reserves of 302 BCF) via an efficient hub strategy.  In addition to the independently verified 2P reserves, IOG now has independently verified 2C contingent gas resources of 108 BCF in Goddard and best estimate unrisked prospective gas resources of 202 BCF in Harvey and Goddard.  Alongside this IOG continues to pursue value accretive acquisitions to generate significant shareholder returns.  All IOG's licences and the Thames Pipeline are owned 100% and operated by IOG.

 

Further information can be found on www.independentoilandgas.com



 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Rupert Newall       

2.

Reason for the notification

(a)

Position/status

Head of Corporate Finance (PDMR)

(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

Transfer of shares to spouse

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



0p

94,911




(e)

Aggregated information

-        Aggregated volume

-        Price

 

n/a

(f)

Date of the transaction

31 July 2019

(g)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Annabel Newall       

2.

Reason for the notification

(a)

Position/status

Person closely associated with Rupert Newall, Head of Corporate Finance (PDMR)

(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

Transfer of shares to spouse

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



0p

94,911




(e)

Aggregated information

-        Aggregated volume

-        Price

 

n/a

(f)

Date of the transaction

31 July 2019

(g)

Place of the transaction

Outside a trading venue

 


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