TIDMUKOG

RNS Number : 9669V

UK Oil & Gas PLC

17 December 2021

UK Oil & Gas PLC

("UKOG" or the "Company")

Director Share Purchase and Share Options issue

UK Oil & Gas PLC (London AIM: UKOG) announces that on the 16(th) December 2021 Stephen Sanderson, Chief Executive Officer, purchased 985,221 ordinary shares in the capital of the company ("Ordinary Shares") at 0.1015p per share. This purchase was carried out under the Defined Directors Share Purchase Programme ("DDSPP") announced on the 28(th) May 2021.

Mr Sanderson entered the DDSPP in December 2021 and has committed to purchase approximately 7% of his net monthly salary in Ordinary Shares each month for 12 months with the final purchase expected to occur on 18(th) November 2022.

The director has entered the DDSPP in an open period and is committed to making the monthly purchase of shares under the programme in what otherwise may be a closed period. Entering the DDSPP will not preclude the director from buying additional shares in the Company during open periods. The director will be able to enter a new DDSPP upon completion of an existing programme.

The market will be notified of share purchases under the DDSPP on the next trading day via a PDMR: Director's dealing notification.

Issue of Options

UK Oil & Gas PLC (London AIM: UKOG) announces that new options (the "Options") over a total of 15,000,000 Ordinary Shares have been granted at an exercise price of 0.10 pence per share. The Options vest immediately and will expire in five years from grant.

These options have been granted to Matthew Gormley who has recently started as the Chief Financial Officer of the Company.

The Options represent, in aggregate, approximately 0.1% of the existing Ordinary Share capital of the Company. Following the issue, the Company has a total of 291,000,000 options outstanding which have been issued to employees and the Directors of the Company, representing approximately 1.8% of the existing Ordinary Share Capital of the Company.

For further information, please contact:

 
 
   UK Oil & Gas PLC 
  Stephen Sanderson / Kiran Morzaria:    Tel01483 941493 
     WH Ireland Ltd (Nominated Adviser 
      and Broker) 
  James Joyce / Andrew de Andrade:       Tel020 7220 1666 
     Communications 
  Brian Alexander:                       Tel01483 941493 
 
 
   Notification of transaction by   Person Discharging Managerial Responsibilities ("PDMR') 
 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a.              Name                                  Stephen Sanderson 
                ------------------------------------  ------------------------------------- 
            2.   Reason for the notification 
                --------------------------------------------------------------------------- 
            a.   Position/status                       Chief Executive Officer 
                ------------------------------------  ------------------------------------- 
            b.   Initial notification                  Initial Notification 
                  /Amendment 
                ------------------------------------  ------------------------------------- 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------------- 
            a.   Name                                  UK Oil & Gas PLC 
                ------------------------------------  ------------------------------------- 
            b.   LEI                                   213800IZP9HKGVLHQ907 
                ------------------------------------  ------------------------------------- 
            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                        Ordinary shares of 0.01 pence each 
                  the financial 
                  instrument, type 
                  of instrument                         GB00B9MRZS43 
                  Identification 
                  code 
                ------------------------------------  ------------------------------------- 
            b.   Nature of the                         Purchase of shares 
                  transaction 
                ------------------------------------  ------------------------------------- 
            c.   Price(s) and volume(s)                Price(s)               Volume(s) 
                                                        GBP0.001015            985,221 
                ------------------------------------  ---------------------  -------------- 
            d.        Aggregated information 
                        *    Aggregated volume 
                                                                    985,221 
                                                                    GBP1,000 
                        *    Price 
                ------------------------------------  ------------------------------------- 
            e.   Date of the transaction               16 December 2021 
                ------------------------------------  ------------------------------------- 
            f.   Place of the transaction              London Stock Exchange 
                ------------------------------------  ------------------------------------- 
 

Following the purchase, Stephen Sanderson holds 985,221 ordinary shares in the Company which represents 0.01% of the Company's issued share capital.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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December 17, 2021 02:00 ET (07:00 GMT)

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