Source - RNS
RNS Number : 0026L
UK Oil & Gas Investments PLC
28 September 2016
 

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Grant of Options

UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that options (the "Options") over a total of 65,000,000 new ordinary shares in the capital of the Company ("Ordinary Shares") were awarded yesterday at an exercise price of 1.82 pence (being the closing price of an Ordinary Share on 27 September 2016). The Options vest immediately and will expire in three years from the date of grant.

The Options represent, in aggregate, 2.6% of the existing Ordinary Share capital of the Company and have been issued to Executive Directors and consultants to the Company. Following the issue, the Company has a total of 214,166,667 options and warrants outstanding, representing approximately 8.4% of the existing Ordinary Share Capital of the Company.

Following the grant of these Options, the Directors hold the following Ordinary Shares and options.

Director

New Options Issued

Existing Options

Ordinary shares held

Total

% of existing Ordinary Share Capital

Stephen Sanderson

35,000,000

25,000,000

Nil

60,000,000

2.4%

Jason Berry

20,000,000

10,000,000

Nil

30,000,000

1.2%

Kiran Morzaria

Nil

Nil

4,508,178

4,508,178

0.2%

 

For further information, please contact:

UK Oil & Gas Investments PLC

Stephen Sanderson / Jason Berry                                                                                     Tel: 020 7440 0640

 

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Bavister                                                                                            Tel: 020 7220 1666

 

Square 1 Consulting (Public Relations)

David Bick / Brian Alexander                                                                                             Tel: 020 7929 5599

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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