Issue of Options and Director/PDMR Shareholding

RNS Number : 2383D

United Oil & Gas PLC

27 October 2020

 

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

United Oil & Gas Plc

 ('United' or 'the Company') 

Issue of Share Options

Director/PDMR Shareholding

27 October 2020

The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, the growing oil and gas company with a portfolio of production, development and exploration assets , has awarded the following options (the "Share Options") to Non-Executive Director, Iman Hill:

Director / PDMR	Position	Options Awarded	Total Options Held
Iman Hill	Non-Executive Director	1,481,481	1,481,481

The Share Options relate to a contractual award on commencement of employment and were granted on 29 September 2020; but the issuance has been delayed due to closed periods primarily relating to the financial results of the Company.

The Share Options are awarded with the following terms and conditions:

(a)  an exercise price of 2.7 pence;

(b)  a vesting period of three years from the date of grant;

(c)  an expiry date of 28 September 2030.

The total options in issue post the award of Share Options outlined above will be 46,767,691 or 7.48% of the issued share capital of 625,153,969 shares. 

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

**ENDS**

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerialresponsibilities/ person  closely associated
a)	Name	Iman Hill
2	Reason for notification
a)	Position / status	Non-Executive Director
b)	I nitial notification /Amendment	Initial
3	Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)	Name	United Oil & Gas plc
b)	LEI	213800WZWERBFY
4	Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted
a)	Description of the financial instrument, type ofinstrument I d e ntification code	Options over ordinary shares of 1 pence each in United Oil & Gas plc with vesting for three years from date of grant, and expiry date of 28 September 2030 ISIN GB00BYX0MB92
	Nature of the transaction	Award of options pursuant to contract of employment
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Exercise price of 2.7 pence 1,481,481
d)	Aggregated information	n/a
e)	Date of the transaction	27th October 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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