17:01 Fri 29 May 2020
United Oil & Gas PLC - Issue of Share Options
('United' or 'the Company')
Issue of Share Options
The Board of Directors of
| Director / PDMR | Position | Options Awarded | Total Options Held |
| | Chief Financial Officer | 3,666,667 | 3,666,667 |
The Share Options relate to a contractual award on commencement of employment, but the issuance of the options has been delayed due to closed periods primarily relating to the financial results of the Company and the suspension of trading in the Company's shares during the second half of 2019, as a result of the Rockhopper Egypt acquisition. The Share Options are awarded with the following terms and conditions:
(a) an exercise price of
(b) a vesting period of three years from the date of granting; and
(c) an expiry date of ten years from the date of award.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).
**ENDS**
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | |
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| 2 | Reason for notification | |||||
| a) | Position / status | Chief Financial Officer
| ||||
| b) | Initial notification /Amendment | Initial | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | |
| ||||
| b) | LEI | 213800WZWERBFY | ||||
| 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
Identification code | Options over ordinary shares of
ISIN GB00BYX0MB92 | ||||
| | Nature of the transaction | Award of options pursuant to contract of employment
| ||||
| c) | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
For more information please visit the Company's website at www.uogplc.com or contact:
| | |
| | |
| Beaumont Cornish Limited (Nominated Adviser) | |
| | +44 (0) 20 7628 3396 |
| | |
| | +44 (0) 20 3137 1902 |
| Cenkos Securities Plc (Joint Broker) | |
| | +44 (0) 20 7397 8900 +44 (0) 131 220 6939 |
| Murray (PR Advisor) | +353 (0) 87 6909735 |
| | |
| | |
| St Brides Partners (Financial PR/IR) | |
| | +44 (0) 207 236 1177 |
This information is provided by RNS, the news service of the
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