Holding(s) in Company

RNS Number : 9846L

Nostrum Oil & Gas PLC

01 May 2015

 



Nostrum Oil & Gas plc

1 May 2015

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITIES AND CONNECTED PERSONS

NOTIFICATION OF MAJOR INTEREST IN SHARES

Nostrum Oil & Gas plc (the ÒCompanyÓ and together with its subsidiaries, the ÒGroupÓ), an independent oil and gas exploration and production company with assets in North-Western Kazakhstan, announces that on 30 April 2015 the Company received notification of  transactions by a director/person discharging managerial responsibilities  and notification of a major shareholding as follows:

Name of director /person discharging managerial responsibilities	Description and number of securities	Type of Transaction	Price per share or value of transaction	Date and place of transaction
Frank Monstrey (Director)	3,310,636 ordinary shares (1.8% of the total issued ordinary shares)	Grant by Claremont Holdings Limited, a connected person, of a call option on such shares.  The option is exercisable at any time up to 1 April 2017.	Market value per share determined at the date of exercise of the option.	28 April 2015, London
Frank Monstrey (Director)	5,191,491 ordinary shares (2.8% of the total issued ordinary shares)	Receipt by Claremont Holdings Limited, a connected person, of a call option on such shares.  The option is exercisable at any time up to 1 April 2017.	US$9.03 per ordinary share.	28 April 2015, London

The transactions disclosed above entered into by Claremont Holdings Limited do not result in any change in the voting rights in the Company of either Frank Monstrey and his spouse Petra Noe or of Claremont Holdings Limited.  All voting rights relating to the ordinary shares of the Company owned by Claremont Holdings Limited are held by Claremont Holdings C.V., a connected person of Frank Monstrey.  Frank Monstrey and his spouse Petra Noe currently indirectly hold through their controlled undertakings voting rights attaching to 32,533,142 ordinary shares of the Company, representing 17.29% of the CompanyÕs ordinary shares.

In the event that Claremont Holdings Limited exercises in full the above-mentioned call option granted to it, then Frank Monstrey and his spouse Petra Noe would indirectly hold through their controlled undertakings voting rights attaching to 37,724,633 ordinary shares of the Company, representing 20.05% of the CompanyÕs ordinary shares.

This notification is made in accordance with DTR 3.1.4(1)(a) in respect of transactions notified in accordance with DTR 3.1.2R and is made in accordance with DTR 5.8.12R in respect of transactions notified in accordance with DTR 5.1.2R.

For and on behalf of Nostrum Oil & Gas PLC

Further information

For further information please visit www.nog.co.uk

Further enquiries:

Nostrum Oil & Gas plcÐ Investor Relations

Kirsty Hamilton-Smith

Bruno G. Meere

[e-mail]                                                                                                          

+ 44 (0) 203 740 7430

Instinctif Partners - UK

Tony Friend

David Simonson

Anca Spiridon

Catherine Wickman

+ 44 (0) 207 457 2020

Promo Group Communications - Kazakhstan

Asel Karaulova                                                                          

+ 7 (727) 264 67 37

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Group or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the Listing Rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

 

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