Source - RNS
RNS Number : 5841T
Nostrum Oil & Gas PLC
13 October 2017
 

 

 

 

Amsterdam, 13 October 2017

 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS

 

DISCHARGING MANAGERIAL

 

RESPONSIBILITIES AND CONNECTED PERSONS

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulation.

On 10 October 2017, the following awards under, or subject to the terms of, the new Nostrum Oil & Gas PLC Long Term Incentive Plan 2017 (the "LTIP") were made to certain PDMR of the Company:

PDMR

No. of shares under award

Kai-Uwe Kessel

332,706

Tom Richardson

122,495

Thomas Hartnett

107,020

Sergey Khafizov

51,139

Arkadi Epifanov

37,396

Heinz Wendel

64,937

Zhomart Darkeev

24,368

Mark Martin

19,095

Kaat van Hecke

19,095

Sir Christopher Codrington, Bt.

19,095

Atul Gupta

46,544

The awards are structured as options with an exercise price of 1 pence per share over ordinary shares of nominal value of 1 pence each except for awards to participants based where the awards are structured as Cash Conditional Awards over notional shares.

The awards will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. 

Details of the full notifications received by the Company are set out below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kai-Uwe Kessel

2

Reason for Notification

a)

Position/status

Chief Executive Officer (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1 pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

332,706

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tom Richardson

2

Reason for Notification

a)

Position/status

Chief Financial Officer (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1 pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

122,495

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Hartnett

2

Reason for Notification

a)

Position/status

Chief Legal Officer and Company Secretary (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

107,020

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sergey Khafizov

2

Reason for Notification

a)

Position/status

Chief Business Development Officer (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of a Cash Conditional Award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

51,139

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Arkadi Epifanov

2

Reason for Notification

a)

Position/status

Chief Commercial Officer (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

37,396

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Heinz Wendel

2

Reason for Notification

a)

Position/status

Chief Operating Officer (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

64,937

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Zhomart Darkeev

2

Reason for Notification

a)

Position/status

General Director, Zhaikmunai LLP (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award under the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

24,368

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Martin

2

Reason for Notification

a)

Position/status

Independent Non-Executive Director (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award subject to the terms of the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

19,095

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kaat Van Hecke

2

Reason for Notification

a)

Position/status

Independent Non-Executive Director (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award subject to the terms of the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

19,095

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sir Christopher Codrington, Bt.

2

Reason for Notification

a)

Position/status

Independent Non-Executive Director (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award subject to the terms of the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

19,095

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Atul Gupta

2

Reason for Notification

a)

Position/status

Chairman (PDMR)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nostrum Oil & Gas PLC

b)

LEI

2138007VWEP4MM3J8B29

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

Ordinary Shares of 1pence each in Nostrum Oil & Gas PLC

GB00BGP6Q951

b)

Nature of the transaction

Grant of an award subject to the terms of the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisable as from the later of the third anniversary of the grant date and the date on which the Company determines whether the performance condition has been wholly or partly satisfied, subject to the grantee's continued service and the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

46,544

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

10 October 2017

f)

Place of the transaction

Outside a trading venue

 

LEI: 2138007VWEP4MM3J8B29

 

Further information:

 

For further information please visit www.nog.co.uk 

 

Further enquiries:

 

Nostrum Oil & Gas PLC - Investor Relations

Kirsty Hamilton-Smith

Amy Barlow

[email protected]                                                                                                        

+ 44 (0) 203 740 7430

 

Instinctif Partners - UK

David Simonson

+ 44 (0) 207 457 2020

 

Promo Group Communications - Kazakhstan

Asel Karaulova                                                                                   

+ 7 (727) 264 67 37

 

About Nostrum

Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum is the Chinarevskoye field, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

 

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Group or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

 

No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the Listing Rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

 


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