Director/PDMR Shareholding

RNS Number : 3620Z

United Oil & Gas PLC

21 May 2021

 

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

21 May 2021

United Oil & Gas PLC

("United" or the "Company")

Director / PDMR Shareholding

United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announces that further to the "Exercise of Warrants and Total Voting Rights, Significant Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021 :

-  Following Admission the shareholding of Mr Larkin, the Company's CEO, increased by 9,755,690 ordinary shares. Mr Larkin subsequently sold 3,312,012 ordinary shares at £0.0425 per share   to fund the subscription of the warrants and accordingly he now has an interest in 16,199,369 ordinary shares representing approximately 2.51% of the Company's enlarged issued share capital; and

-    Following Admission  the shareholding of Mr Leather, the Company's COO,  increased by 4,877,810 ordinary shares. Mr Leather subsequently sold 1,655,994 ordinary shares at £0.0425 per share to fund the subscription price of the warrants and accordingly he  now has an interest in 8,099,626 ordinary shares representing approximately 1.26% of the Company's enlarged issued share capital.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as given to them in the "Exercise of Warrants and Total Voting Rights, Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021.

The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 ("MAR") as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

United Oil & Gas Plc (Company)
Brian Larkin, CEO	[e-mail]
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish and Felicity Geidt	[phone]
Optiva Securities Limited (Broker)
Christian Dennis	[phone]
Murray (PR Advisor)	[phone]
Joe Heron	[e-mail]
Camarco (Financial PR/IR)
Billy Clegg Georgia Edmonds James Crothers	[phone] [e-mail]

Notes to Editors

United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production and development assets across Egypt, UK, Italy and a high impact exploration licence in Jamaica.

The Company is led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players and well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit https://www.uogplc.com/  

Appendix 1 - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1	Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Brian Larkin
2	Reason for notification
a)	Position / status	CEO
b)	I nitial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	United Oil & Gas Plc
b)	LEI	213800WZWERBFYBQ9J17
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 I d e ntification code	Ordinary Shares of £0.01 each ISIN: GB00BYX0MB92
	Nature of the transaction	(a) exercise of 9,755,690 warrants at £0.0142857 per warrant share (b) sale of 3,312,012 ordinary shares at £0.0425 per ordinary share
	Price(s) and volumes(s)	Price(s) Volumes(s) (a) £0.0142857 9,755,690 (b) £0.0425 3,312,012
d)	Aggregated information	N/A
e)	Date of the transaction	2021-05-20
f)	Place of the transaction	Outside a trading venue

1	Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Jonathan Leather
2	Reason for notification
a)	Position / status	COO
b)	I nitial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	United Oil & Gas Plc
b)	LEI	213800WZWERBFYBQ9J17
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 I d e ntification code	Ordinary Shares of £0.01 each ISIN: GB00BYX0MB92
	Nature of the transaction	(a) exercise of warrants 4,877,810 at £0.0142857 per warrant share (b) sale of 1,655,994 ordinary shares at £0.0425 per ordinary share
	Price(s) and volumes(s)	Price(s) Volumes(s) (a) £0.0142857 4,877,810 (b) £0.0425 1,655,994
d)	Aggregated information	N/A
e)	Date of the transaction	2021-05-20
f)	Place of the transaction	Outside a trading venue

 

END

 

 

DSHBIGDUSXDDGBG