Victoria Oil & Gas PLC Grant of Options to Directors and employees (8226H)
05 Agosto 2019 - 8:00AM
UK Regulatory
TIDMVOG
RNS Number : 8226H
Victoria Oil & Gas PLC
05 August 2019
5 August 2019
Victoria Oil & Gas Plc ("VOG" or "the Company")
Grant of Options to Directors and employees
Victoria Oil & Gas Plc announces that further to the
Company's circular to shareholders dated 11 March 2019, a long-term
incentive programme ("LTIP") for Directors, management and
employees has been adopted by the Board on 31 July 2019 ('Date of
Grant"). As conveyed to the shareholder circular dated 11 March
2019, the Annual Report and Accounts to 31 December 2019, and in
our Pre-AGM Trading Update dated 27 June 2019, the options
programme has been implemented to enable us to reduce Executive and
Non-Executive Directors fees and align the interests of all of our
Directors and employees to those of our shareholders.
On the Date of Grant, options totalling 13 million Ordinary
Shares (or 5.1% of issued share capital of the Company) have been
granted at a price of 14p. All share options have exercise periods
of 5 years following vesting dates. The share options have been
granted to the Executive Directors and employees pursuant to the
LTIP. Share options to the Non-Executive Directors have been
granted as per individual Option Agreements.
The following notification has been made to the FCA in
accordance with the requirements of article 19.3 of the EU Market
Abuse Regulation:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Roger Kennedy
2. Dostan Investments Limited *
3. Andrew Diamond
4. John Knight
5. John Daniel
------- -------------------------------------------------------
2 Reason for the notification:
Allotment of shares options to Directors/PDMR
----------------------------------------------------------------
a) Position/status 1. Executive Chairman
2. Person Closely Associated with Ahmet Dik
- Chief Executive Officer *
3. Finance Director
4. Non-Executive Director
5. Non-Executive Director
------------------------------ ------------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------------
a) Name Victoria Oil & Gas plc
------------------------------ ------------------------------------------------------------------
b) LEI 213800JHNB148AXECS22
------------------------------ ------------------------------------------------------------------
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 Ordinary shares of 0.5p each
of the financial
instrument,
type of instrument
----- ------------------------------ ------------------------------------------------------------------
Identification GB00BRWR3752
code
b) Nature of the Grant of Options made to the Executive Directors,
transaction employees and Non-Executive Directors under
the Victoria Oil & Gas Plc Long Term Incentive
Plan
------------------------------ ------------------------------------------------------------------
c) Price(s) and Director Name Price Number of
volume(s) share options
-------------------------- ---------------- ------------------
1. Roger Kennedy 1. 14 pence 1. 3,500,000
2. Ahmet Dik * 2. 14 pence 2. 4,000,000
3. Andrew Diamond 3. 14 pence 3. 2,000,000
4. John Knight 4. 14 pence 4. 1,000,000
5. John Daniel 5. 14 Pence 5. 1,000,000
------------------------------ -------------------------- ---------------- ------------------
d) Aggregated information
N/A
e) Date of the
transactions 31 July 2019
------------------------------ ------------------------------------------------------------------
f) Place of the Outside of a main market
transaction
------------------------------ ------------------------------------------------------------------
* Share Options awarded to Dostan Investments Limited, a company
owned and controlled by Ahmet Dik (Chief Executive Officer)
Furthermore, the Company announces that Dostan Investments
Limited, a company owned and controlled by Ahmet Dik (Chief
Executive Officer) has elected to exercise its options awarded as
part of the Annual Bonus Plan of 2016. A total of 433,735 new
ordinary shares ("Ordinary Shares") of 0.5p each in the Company
have been issued pursuant to the exercise of these options.
An application has been made to the London Stock Exchange for
the admission of the new Ordinary 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 9 August 2019. Following Admission, the Company will
have 256,861,796 Ordinary Shares in issue.
The following notification has been made to the FCA in respect
of the exercise of options by Mr Dik in accordance with the
requirements of article 19.3 of the EU Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dostan Investments Limited *
----------------------------------- ------------------------------------------------------
2 Reason for the notification:
Exercise of share options by a Director/PDMR
-------------------------------------------------------------------------------------------
a) Position/status Person closely Associated with Ahmet Dik
- 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 Victoria Oil & Gas plc
----------------------------------- -----------------------------------------------------
b) LEI 213800JHNB148AXECS22
----------------------------------- -----------------------------------------------------
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 Ordinary shares of 0.5p each
of the financial
instrument,
type of instrument
----- ----------------------------------- -----------------------------------------------------
Identification GB00BRWR3752
code
b) Nature of the Exercise of Options
transaction
----------------------------------- -----------------------------------------------------
c) Price(s) and Director Name Price Number of
volume(s) share options
------------------- --------- ---------------------
Ahmet Dik * Nil 433,735
----------------------------------- ------------------- -------------- ---------------------
d) Aggregated information N/A
e) Date of the 1 August 2019
transactions
----------------------------------- -----------------------------------------------------
f) Place of the Outside of a main market
transaction
----------------------------------- -----------------------------------------------------
* Share issued to Dostan Investments Limited, a company owned
and controlled by Ahmet Dik (Chief Executive Officer)
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Ahmet Dik Tel: +44 (0) 20 7921 8820
Kate Baldwin
Strand Hanson Limited (Nominated and Financial Adviser)
Rory Murphy / James Dance / Jack Botros Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / Hugh Sanderson Tel: +44 (0) 207 448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 203 757 4983
Nick Hennis Tel: +44 (0) 203 781 8330
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
DSHUSAARKSAWRUR
(END) Dow Jones Newswires
August 05, 2019 02:00 ET (06:00 GMT)
Grafico Azioni Victoria Oil & Gas (LSE:VOG)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Victoria Oil & Gas (LSE:VOG)
Storico
Da Apr 2023 a Apr 2024
