Issue of Equity, Director Dealing & TVR

RNS Number : 3308V

Nostra Terra Oil & Gas Company PLC

05 April 2019

 

5 April 2019

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Issue of Equity, Director Dealing & TVR

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that, further to its announcement of 25 October 2018, it has issued 1,304,628 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to Trey Resources, Inc (the "Trey Shares") at a price of 2.65 pence per share (the "Issue Price"). The Issue Price and number of Trey Shares has been calculated based on the average closing price of Nostra Terra's Ordinary Shares on AIM over the last 10 days of each month from October 2018 to February 2019 and the quantum of each monthly invoice submitted by Trey.

In addition, the Company announces that it has issued 704,389 new Ordinary Shares to Mr Ewen Ainsworth, Non-Executive Chairman of Nostra Terra, for the period from March 2018 to March 2019 (the "Fee Shares"). As previously announced, Mr Ainsworth is entitled to receive 40 per cent of his annual director's and consultancy fee in share-based payments. 469,581 of such Fee Shares have been issued to Discovery Energy Limited, a company controlled by Mr Ainsworth, with 234,808 Fee Shares issued directly to Mr Ainsworth.

The number of Fee Shares was calculated on the basis of the closing price for each calendar month during the thirteen-month period to March 2019. This results in a weighted average issue price for the Fee Shares of 3.08 pence per share.

Application will be made to the London Stock Exchange for admission of the Trey Shares and the Fee Shares to trading on AIM ("Admission") and it is expected that Admission will take place, and that trading will commence, on AIM on 10 April 2019.

Following Admission, the Company will have 197,131,903 Ordinary Shares in issue and allotted, with each share carrying the right to one vote. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 197,131,903. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following Admission, Mr Ainsworth's aggregate direct and indirect shareholding in the Company will comprise 3,783,656 Ordinary Shares, representing 1.92% of the Company's issued and allotted share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO	Tel:	[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros	Tel:	[phone]
Shard Capital Stockbrokers (Joint Broker) Damon Heath / Erik Woolgar	Tel:	[phone]
Smaller  Company Capital Limited (Joint Broker) Rupert Williams / Jeremy Woodgate	Tel:	[phone]

PDMR Notification

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ewen Ainsworth
2.	Reason for the Notification
a)	Position/status	Director of the Company
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	NOSTRA TERRA OIL AND GAS COMPANY PLC
b)	LEI	213800JO9A4LO19YJ129
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 0.1p each in the share capital of Nostra Terra Oil & Gas Company plc
	Identification code	GB00BZ76F335
b)	Nature of the Transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.0308 704,389
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	5 April 2019
f)	Place of the transaction	Outside a trading venue

 

END

 

 

MSCUGUWCCUPBGWA