Director/PDMR Shareholding

RNS Number : 1272R

Solo Oil Plc

06 December 2016

 

6 December 2016

SOLO OIL PLC

 ("Solo" or the "Company")

Director/PDMR dealings

Solo was informed today that Neil Ritson, Chairman, today purchased 5,500,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") at 0.27 pence per Ordinary Share.

Accordingly Mr Ritson now holds 38,500,000 Ordinary Shares, representing a holding of 0.55% of the Company's issued share capital.

Solo was also informed today that Fergus Jenkins, Technical Director, today purchased 1,000,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") at 0.2595 pence per Ordinary Share.

Accordingly Mr Jenkins now holds 1,000,000 Ordinary Shares, representing a holding of 0.01% of the Company's issued share capital.

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

For further information:

Solo Oil plc Neil Ritson Daniel Maling	[phone]
Beaumont Cornish Limited Nominated Adviser and Joint Broker Roland Cornish	[phone]
Shore Capital Joint Broker Jerry Keen Beaufort Securities Joint Broker Jon Belliss Cassiopeia Services Ltd Investor and Media Relations Stefania Barbaglio	[phone] [phone] [phone]

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Neil Ritson
2	Reason for notification
a)	Position / status	Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Solo Oil plc
b)	LEI	Not applicable
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 Identification code	Ordinary shares of 0.01 pence each in Solo Oil plc ISIN GB00B1TYBN97
	Nature of the transaction	Purchase of  5,500,000 ordinary shares
	Price(s) and volumes(s)	Price(s) Volumes(s) 0.27p   5,500,000
d)	Aggregated information	n/a
e)	Date of the transaction	6 December 2016
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described above.  

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Fergus Jenkins
2	Reason for notification
a)	Position / status	Technical Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Solo Oil plc
b)	LEI	Not applicable
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 Identification code	Ordinary shares of 0.01 pence each in Solo Oil plc ISIN GB00B1TYBN97
	Nature of the transaction	Purchase of  1,000,000 ordinary shares
	Price(s) and volumes(s)	Price(s) Volumes(s) 0.2595p   1,000,000
d)	Aggregated information	n/a
e)	Date of the transaction	6 December 2016
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

 

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