Lansdowne Oil & Gas plc Director Dealing (1344D)
17 Febbraio 2020 - 8:05AM
UK Regulatory
TIDMLOGP
RNS Number : 1344D
Lansdowne Oil & Gas plc
17 February 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain. If you have any queries on this, then please contact
Steve Boldy, the Chief Executive Officer of the Company
(responsible for arranging release of this announcement).
17 February 2020
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Director's Dealing
Further to the placing announced earlier today, Lansdowne Oil
& Gas plc is pleased to confirm that Tim Torrington,
Non-Executive Chairman of Lansdowne, has now subscribed for a total
of 2,000,000 new ordinary shares ("Director Subscription Shares")
in the share capital of the Company on the same terms as placees
being a price of 0.6 pence per share (the "Director
Subscription").
Tim Torrington will also be granted warrants to subscribe for
2,000,000 new ordinary shares in the Company at a price of 1.2
pence per share, with an expiry of 31 December 2020. The issue of
these warrants will be subject to shareholder approval and they
will be exercisable from the date of such approval.
Total Voting Rights
Following admission of the Placing Shares and the Initial Loan
Shares, as announced earlier today, and the Director Subscription
Shares, the Company will have in issue 798,419,845 ordinary shares
of 0.1 pence each. No ordinary shares are held in treasury.
Therefore, the total number of voting rights in the Company will be
798,419,845.
The above total current voting rights number is the figure which
may be used by shareholders as the denominator for the calculation
by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
Related Party Transaction
As Tim Torrington is a director of the Company, he is considered
a "related party", as defined in the AIM Rules for Companies and
the Director Subscription and issue of related warrants is a
related party transaction for the purposes of Rule 13 the AIM Rules
("Related Party Transaction").
Steve Boldy, John Aldersey-Williams and Jeffrey Auld, being the
independent directors for the purposes of the Related Party
Transaction, consider, having consulted with the Company's
nominated adviser, SP Angel Corporate Finance LLP, that the terms
and conditions of the Director Subscription and issue of warrants
are fair and reasonable insofar as the shareholders of the Company
are concerned.
For further information please contact:
Lansdowne Oil & Gas plc +353 1 963 1760
Steve Boldy
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Richard Hail
Stephen Wong
Brandon Hill Capital +44 (0) 20 3463 5061
Joint Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused,
oil and gas exploration and appraisal company quoted on the AIM
market and head quartered in Dublin.
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com .
PDMR Notification
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Tim Torrington
----------------------------------------- -----------------------------------------
2. Reason for notification
------------------------------------------------------------------------------------
(b) Position/status Independent Non-Executive
Chairman
----------------------------------------- -----------------------------------------
(c) Initial notification/ Amendment Initial notification
----------------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
(d) Name of entity Lansdowne Oil & Gas plc
----------------------------------------- -----------------------------------------
(e) LEI 213800V994AL9RVAHG27
----------------------------------------- -----------------------------------------
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, i. Ordinary shares of 0.1
type of instrument pence each in the Company
ii. Warrants to subscribe
for ordinary shares of 0.1
pence per share
----------------------------------------- -----------------------------------------
(b) Identification code GB00B1250X28
----------------------------------------- -----------------------------------------
(c) Nature of the transaction i. Subscription for ordinary
shares
ii.Issue of warrants
----------------------------------------- -----------------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
i. 0.6 pence i. 2,000,000
ii.1.2 pence ii.2,000,000
--------------
----------------------------------------- -----------------------------------------
(e) Aggregated information: Single transaction as in
- Aggregated volume 4(d) above Prices(s) Volume(s)
- Price i. 0.6 pence i. 2,000,000
ii. 1.2 pence ii.2,000,000
--------------
----------------------------------------- -----------------------------------------
(f) Date of transaction 17 February 2020
----------------------------------------- -----------------------------------------
(g) Place of transaction i. London, UK
ii.Outside a trading venue
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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.
END
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February 17, 2020 02:05 ET (07:05 GMT)
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