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Prospex Oil and Gas (PXEN)

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Tuesday 07 August, 2018

Prospex Oil and Gas

Director/PDMR Shareholding

RNS Number : 9780W
Prospex Oil and Gas PLC
07 August 2018
 

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

7 August 2018

Prospex Oil and Gas Plc

('Prospex' or the 'Company')

Director/PDMR Notification

 

Prospex Oil and Gas Plc, the AIM quoted investment company, announces that James Smith, Non-Executive Director of the Company, yesterday purchased 3,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.36 pence per Ordinary Share.

 

Following the abovementioned purchase, Mr Smith is interested in 10,000,000 Ordinary Shares, representing approximately 0.82 per cent. of the Company's issued share capital.

 

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

 

* * ENDS * *

 

For further information visit www.prospexoilandgas.com or contact the following:

 

Edward Dawson

Prospex Oil and Gas Plc

Tel: +44 (0) 20 3766 0325

Rory Murphy
Ritchie Balmer
Jack Botros

 

Strand Hanson Limited

 

Tel: +44 (0) 20 7409 3494


Duncan Vasey

Peterhouse Corporate Finance

 

Tel: +44 (0) 20 7469 0932

Frank Buhagiar

Charlotte Page

 

St Brides Partners Ltd

 

Tel: +44 (0) 20 7236 1177     

 

Notes

Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects. 

 

PDMR Notification

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Smith

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

Prospex Oil and Gas Plc

b)

LEI

213800NY9RH8O1B72D27

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 the Prospex Oil & Gas plc

Identification code

GB00BW4NPC58

b)

Nature of the Transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.36 pence

 

3,000,000

 

d)

Aggregated information

Aggregated volume Price

3,000,000

0.36 pence

e)

Date of the transaction

6 August 2018

f)

Place of the transaction

AIMX

 

 

 


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