Source - LSE Regulatory
RNS Number : 5162F
Victoria Oil & Gas PLC
16 July 2021
 

16 July 2021

 

VICTORIA OIL & GAS PLC

PDMR Dealing

Grant of Options

Issue of Shares

Total Voting Rights

 

Victoria Oil & Gas Plc (AIM: VOG), an extractor and distributor of gas in Cameroon, announces that it has today formally granted the following options over ordinary shares of £0.005 each in the Company (Ordinary Shares) to three of the directors of the Company. All the options have an exercise period of 5 years from the date of grant and an exercise price of 14p.

 

Director

Number of Options

Vesting Date

Roy Kelly, CEO

4,000,000 (LTIP)

15 July 2021

Robert Collins, CFO

2,000,000 (LTIP)

15 July 2021

Roger Kennedy, Chairman

1,000,000 (Unapproved)

15July 2022 (333,333)

15 July 2023 (333,333)

15 July 2024 (333,334)

 

Further, the Company has awarded bonuses to two members of staff which will be settled through the issue of 2,325,301 Ordinary Shares (Bonus Shares).  Application has been made for the admission of the Bonus Shares to trading on AIM (Admission). Admission is expected to become effective and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 22 July 2021.

 

The total number of Ordinary Shares in issue at the date of Admission will be 259,392,519 with each share carrying the right to one vote. The Company does not hold any shares in treasury. Therefore, the number of Ordinary Shares with voting rights on Admission will be 259,392,519.

On Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA Disclosure and Transparency Rules.

 

 

For further information:

 

Victoria Oil & Gas Plc

+44 (0)207 921 8820

Roy Kelly, Chief Executive

Robert Collins, Chief Financial Officer




Strand Hanson Limited (NOMAD)

 +44 (0)20 7409 3494

Rory Murphy


James Dance

 




Shore Capital Stockbrokers Limited (Joint Broker)          

+44 (0)207 408 4090

Mark Percy (corporate advisory)

Tony Gibbs (corporate advisory)

Jerry Keen (corporate broking)

 


Camarco

+44 (0)203 757 4980

Billy Clegg

Nick Hennis

 






 

1

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

(a)

Name

1.    Roy Kelly

2.    Robert Collins

3.    Roger Kennedy

2

Reason for the notification

(a)

Position/status

1.    Roy Kelly, CEO

2.    Robert Collins, CFO

3.    Roger Kennedy, Chairman

(b)

Initial notification/amendment

Initial Notification

3

Details of the Issuer

(a)

Name

VICTORIA OIL & GAS PLC

(b)

Legal Entity Identifier code

213800JHNB148AXECS22

4

Details of the transaction(s)

(a)

Description of the financial instrument

Ordinary Shares in the Company of £0.005 each

(b)

Identification Code

GB00BRWR3752

(c)

Nature of the transaction

Grant of Options over Ordinary Shares

(d)

Currency

GBP

(e)

Price(s) and volume(s)

Director

Exercise Price(s)

Number of Options

Roy Kelly

14p

4,000,000

Rob Collins

14p

2,000,000

Roger Kennedy

14p

1,000,000

(f)

Aggregated information

 

N/A

(g)

Date of the transaction

2021/07/15

(h)

Place of the transaction

Outside a trading venue

 

 

 

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