TIDMVOG

RNS Number : 5162F

Victoria Oil & Gas PLC

16 July 2021

16 July 2021

VICTORIA OIL & GAS PLC

PDMR Dealing

Grant of Options

Issue of Shares

Total Voting Rights

Victoria Oil & Gas Plc (AIM: VOG), an extractor and distributor of gas in Cameroon, announces that it has today formally granted the following options over ordinary shares of GBP0.005 each in the Company (Ordinary Shares) to three of the directors of the Company. All the options have an exercise period of 5 years from the date of grant and an exercise price of 14p.

 
 Director                  Number of Options        Vesting Date 
 Roy Kelly, CEO            4,000,000 (LTIP)         15 July 2021 
 Robert Collins, CFO       2,000,000 (LTIP)         15 July 2021 
 Roger Kennedy, Chairman   1,000,000 (Unapproved)   15July 2022 (333,333) 
                                                     15 July 2023 (333,333) 
                                                     15 July 2024 (333,334) 
 

Further, the Company has awarded bonuses to two members of staff which will be settled through the issue of 2,325,301 Ordinary Shares (Bonus Shares). Application has been made for the admission of the Bonus Shares to trading on AIM (Admission). Admission is expected to become effective and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 22 July 2021 .

The total number of Ordinary Shares in issue at the date of Admission will be 259,392,519 with each share carrying the right to one vote. The Company does not hold any shares in treasury. Therefore, the number of Ordinary Shares with voting rights on Admission will be 259,392,519.

On Admission, the above figure may be used by shareholders as the denominator for the calculations 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 Disclosure and Transparency Rules.

For further information:

 
 Victoria Oil & Gas Plc                +44 (0)207 921 8820 
 Roy Kelly, Chief Executive 
  Robert Collins, Chief Financial 
  Officer 
 
 Strand Hanson Limited (NOMAD)          +44 (0)20 7409 3494 
 Rory Murphy 
 James Dance 
 
 Shore Capital Stockbrokers Limited 
  (Joint Broker)                       +44 (0)207 408 4090 
 Mark Percy (corporate advisory) 
  Tony Gibbs (corporate advisory) 
  Jerry Keen (corporate broking) 
 Camarco                               +44 (0)203 757 4980 
 Billy Clegg 
  Nick Hennis 
 
 
 
 
 1     Details of PDMR / person closely associated with them ("PCA") 
 (a)   Name                                  1. Roy Kelly 
                                              2. Robert Collins 
                                              3. Roger Kennedy 
      -------------------------------  --------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 (a)   Position/status                       1. Roy Kelly, CEO 
                                              2. Robert Collins, CFO 
                                              3. Roger Kennedy, Chairman 
      -------------------------------  --------------------------------------------------------- 
 (b)   Initial notification/amendment   Initial Notification 
      -------------------------------  --------------------------------------------------------- 
 3     Details of the Issuer 
      ------------------------------------------------------------------------------------------ 
 (a)   Name                             VICTORIA OIL & GAS PLC 
      -------------------------------  --------------------------------------------------------- 
 (b)   Legal Entity Identifier          213800JHNB148AXECS22 
        code 
      -------------------------------  --------------------------------------------------------- 
 4     Details of the transaction(s) 
      ------------------------------------------------------------------------------------------ 
 (a)   Description of the               Ordinary Shares in the Company of GBP0.005 
        financial instrument             each 
      -------------------------------  --------------------------------------------------------- 
 (b)   Identification Code              GB00BRWR3752 
      -------------------------------  --------------------------------------------------------- 
 (c)   Nature of the transaction        Grant of Options over Ordinary Shares 
      -------------------------------  --------------------------------------------------------- 
 (d)   Currency                         GBP 
      -------------------------------  --------------------------------------------------------- 
 (e)   Price(s) and volume(s)            Director         Exercise Price(s)   Number of Options 
                                          Roy Kelly        14p                 4,000,000 
                                                          ------------------  ------------------ 
                                          Rob Collins      14p                 2,000,000 
                                                          ------------------  ------------------ 
                                          Roger Kennedy    14p                 1,000,000 
                                                          ------------------  ------------------ 
      -------------------------------  --------------------------------------------------------- 
 (f)   Aggregated information           N/A 
      -------------------------------  --------------------------------------------------------- 
 (g)   Date of the transaction          2021/07/15 
      -------------------------------  --------------------------------------------------------- 
 (h)   Place of the transaction         Outside a trading venue 
      -------------------------------  --------------------------------------------------------- 
 

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END

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July 16, 2021 08:02 ET (12:02 GMT)

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