Source - RNS
RNS Number : 4752H
Victoria Oil & Gas PLC
08 June 2017
 

 

 

Victoria Oil & Gas PLC (AIM: VOG) 

8 June 2017

 

Victoria Oil & Gas Plc ("VOG" or "the Company")

PDMR Shareholding

Deferred Shares Bonus Awards

 

Victoria Oil & Gas Plc announces that on 7 June 2017, bonus awards of 880,121 ordinary shares of 0.5p in the Company ("Ordinary Shares") in aggregate were granted to the Executive Directors under the Company's Annual Bonus Plan for the year ended 31 December 2016.

 

Half of the bonus awards will vest on 1 January 2018 and the remaining half on 1 January 2019. The Ordinary Shares are to be issued in lieu of cash bonuses at 41.5p per share, the volume weighted average price for the period 1 January 2016 to 28 April 2017.

 

The below notification, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, gives further details:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

 

1.     Kevin Foo

2.     Ahmet Dik

3.     Andrew Diamond

2

 

Reason for the notification

a)

Position/status

1.  Executive Chairman

2.  Chief Executive Officer

3.  Finance Director

b)

Initial notification /Amendment

Initial notification

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

 


Transaction 1


a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 0.5p each



Identification code

GB00BRWR3752



b)

 

Nature of the transaction

 

 

Nil cost share-based awards made to the Executive Directors under the Victoria Oil & Gas plc Annual Bonus Scheme, half of which will vest on 1 January 2018 and the remaining half on 1 January 2019.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

240,964

433,735

205,422


d)

 

Aggregated information


- Aggregated volume

880,121

- Price

Nil



e)

 

Date of the transaction

 

7 June 2017

f)

 

Place of the transaction

 

Outside of a main market

 

For further information, please visit www.victoriaoilandgas.com or contact:

 

Victoria Oil & Gas Plc 

Kevin Foo / Laurence Read                                              Tel: +44 (0) 20 7921 8820

 

Strand Hanson Limited (NOMAD)

Rory Murphy / Stuart Faulkner / James Dance                   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 / David van Erp                                       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 announcement contains inside information


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