Source - RNS
RNS Number : 3345O
Volga Gas PLC
29 January 2019
 

29 January 2019

Volga Gas plc

("Volga Gas", the "Company" or the "Group")

Shareholding of director and person closely associated with a director

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, announces that it was notified that on 25 January 2019, Vlarenhill Limited ("Vlarenhill"), a company beneficially owned by Vladimir Koshcheev, a non-executive director of Volga Gas, and Efim Zadov, a person closely associated with Vladimir Koshcheev, transferred 269,210 ordinary shares of 1p each ("Ordinary Shares") representing approximately 0.32 per cent of the outstanding share capital of the Company, to Vladimir Koshcheev, and 280,790 Ordinary Shares representing approximately 0.35 per cent of the outstanding share capital of the Company  to Efim Zadov. As a result of the transfers, Vlarenhill no longer has any interest in the Ordinary Shares.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares.

**ENDS**

1 

Details of PDMR/person closely associated with them ('PCA')

 

a)

Name

Vlarenhill Ltd

2

Reason for the notification

a)

Position/status

PCA of Vladimir Koshcheev, a director of the Company

b)

Initial notification /Amendment

Initial Notification

3

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

a) 

Name

Volga Gas plc

b) 

LEI  

2138005MSA4Q6W8E1R48

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 

Ordinary shares of 1 p each 

Identification code

GB00B1VN4809

b) 

Nature of the transaction

Transfer of ordinary shares to beneficial owners

c)

 

Price(s) and volume(s) 

 

 

Price(s)

Volume(s)

Nil

 550,000

 

d)

 

Aggregated information

 

 - Aggregated volume

 

 - Price

 

 

 

550,000 

 

nil 

e)

 

Date of the transaction

25 January 2019

f)

 

Place of the transaction 

Outside a trading venue.

 

1 

Details of PDMR/person closely associated with them ('PCA')

 

a)

Name

Vladimir Koshcheev

2

Reason for the notification

a)

Position/status

PDMR - non-executive director

b)

Initial notification /Amendment

Initial Notification

3

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

a) 

Name

Volga Gas plc

b) 

LEI  

2138005MSA4Q6W8E1R48

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 

Ordinary shares of 1 p each 

Identification code

GB00B1VN4809

b) 

Nature of the transaction

Transfer of ordinary shares to beneficial owners

c)

 

Price(s) and volume(s) 

 

 

Price(s)

Volume(s)

Nil

 269,210

 

d)

 

Aggregated information

 

 - Aggregated volume

 

 - Price

 

 

 

269,210

 

 

nil 

e)

 

Date of the transaction

25 January 2019

f)

 

Place of the transaction 

Outside a trading venue.

 

 




1 

Details of PDMR/person closely associated with them ('PCA')

 

 

a)

Name

Efim Zadov

 

2

Reason for the notification

 

a)

Position/status

PCA of Vladimir Koshcheev, a director of the Company

 

b)

Initial notification /Amendment

Initial Notification

 

3

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

 

a) 

Name

Volga Gas plc

 

b) 

LEI  

2138005MSA4Q6W8E1R48

 

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 

Ordinary shares of 1 p each 

 

Identification code

GB00B1VN4809

 

b) 

Nature of the transaction

Transfer of ordinary shares to beneficial owners

 

c)

 

Price(s) and volume(s) 

 

 

Price(s)

Volume(s)

Nil

 280,790

 

 

d)

 

Aggregated information

 

 - Aggregated volume

 

 - Price

 

 

 

280,790

 

 

nil 

 

e)

 

Date of the transaction

25 January 2019

 

f)

 

Place of the transaction 

Outside a trading venue.

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHUWURRKWAAUUR