Europa Oil & Gas (Holdings) Plc Grant of options

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
13 June 2017 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
                               Grant of options 
 
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, 
development and production company focused on Europe, announces that it has 
today awarded a total of 6,500,000 options ("Options") over ordinary shares of 
1p each in the Company ("Ordinary Shares") to Directors and staff. The Options, 
representing 2.2% of the current issued share capital, have been granted in 
recognition of the continuing 20% salary cuts taken by the Board and office 
based staff while oil prices have been depressed. Prior to this award the 
Company had 15,365,000 options outstanding, therefore there are now a total of 
21,865,000 options outstanding, representing approximately 7.3% of the 
Company's current issued share capital. 
 
                                       Options Awarded   Percentage of current 
                                                          issued share capital 
 
Hugh Mackay                                  3,500,000                    1.2% 
 
Phil Greenhalgh                              1,500,000                    0.5% 
 
Roderick Corrie                                300,000                    0.1% 
 
Other staff                                  1,200,000                    0.4% 
 
Total                                        6,500,000                    2.2% 
 
All of the Options have an exercise price of 8 pence per Ordinary Shares (a 33% 
premium to the price at which Ordinary Shares were issued in the Placing and 
Open Offer announced on 24 May 2017) and expire on 12 June 2027. The Options 
only vest if the closing mid-market price of an Ordinary Share is above 10 
pence per Ordinary Share for 30 calendar days. 
 
Notification and public disclosure of transactions by persons discharging 
managerial responsibilities and persons closely associated with them 
 
         Details of the person discharging managerial responsibilities / 
         person closely associated 
 
a)       Name                    Roderick James Hugh McLeod Corrie 
 
         Reason for the Notification 
 
a)       Position/status         Director 
 
b)       Initial notification/   Initial notification 
         Amendment 
 
         Details of the issuer, emission allowance market participant, auction 
         platform, auctioneer or auction monitor 
 
a)       Name                    Europa Oil & Gas (Holdings) plc 
 
b)       LEI                     213800JWTCW7TN3WRC06 
 
         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      Ordinary shares of 1p 
         Financial instrument, 
         type of instrument 
 
         Identification code     GB00B03CJS30 
 
b)       Nature of the           Issue of Options 
         transaction 
 
c)       Price(s) and volume(s)  Price(s)              Volume(s) 
 
                                 n/a                   300,000 
 
d)       Aggregated information: Issue of options over 300,000 Ordinary 
                                 Shares, exercisable at 8 pence per Ordinary 
                                 Share 
 
e)       Date of the transaction 13 June 2017 
 
f)       Place of the            Off market transaction 
         transaction 
 
Notification and public disclosure of transactions by persons discharging 
managerial responsibilities and persons closely associated with them 
 
         Details of the person discharging managerial responsibilities / 
         person closely associated 
 
a)       Name                    Hugh George Dunbar Mackay 
 
         Reason for the Notification 
 
a)       Position/status         Director 
 
b)       Initial notification/   Initial notification 
         Amendment 
 
         Details of the issuer, emission allowance market participant, auction 
         platform, auctioneer or auction monitor 
 
a)       Name                    Europa Oil & Gas (Holdings) plc 
 
b)       LEI                     213800JWTCW7TN3WRC06 
 
         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      Ordinary shares of 1p 
         Financial instrument, 
         type of instrument 
 
         Identification code     GB00B03CJS30 
 
b)       Nature of the           Issue of Options 
         transaction 
 
c)       Price(s) and volume(s)  Price(s)              Volume(s) 
 
                                 n/a                   3,500,000 
 
d)       Aggregated information: Issue of options over 3,500,000 Ordinary 
                                 Shares, exercisable at 8 pence per Ordinary 
                                 Share 
 
e)       Date of the transaction 13 June 2017 
 
f)       Place of the            Off market transaction 
         transaction 
 
Notification and public disclosure of transactions by persons discharging 
managerial responsibilities and persons closely associated with them 
 
         Details of the person discharging managerial responsibilities / 
         person closely associated 
 
a)       Name                    Philip Greenhalgh 
 
         Reason for the Notification 
 
a)       Position/status         Director 
 
b)       Initial notification/   Initial notification 
         Amendment 
 
         Details of the issuer, emission allowance market participant, auction 
         platform, auctioneer or auction monitor 
 
a)       Name                    Europa Oil & Gas (Holdings) plc 
 
b)       LEI                     213800JWTCW7TN3WRC06 
 
         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      Ordinary shares of 1p 
         Financial instrument, 
         type of instrument 
 
         Identification code     GB00B03CJS30 
 
b)       Nature of the           Issue of Options 
         transaction 
 
c)       Price(s) and volume(s)  Price(s)              Volume(s) 
 
                                 n/a                   1,500,000 
 
d)       Aggregated information: Issue of options over 1,500,000 Ordinary 
                                 Shares, exercisable at 8 pence per Ordinary 
                                 Share 
 
e)       Date of the transaction 13 July 2016 
 
f)       Place of the            Off market transaction 
         transaction 
 
                                 * * ENDS * * 
 
For further information please visit http://www.europaoil.com/ or contact: 
 
Hugh Mackay          Europa                              + 44 (0) 20 7224 3770 
 
Phil Greenhalgh      Europa                              + 44 (0) 20 7224 3770 
 
Matt Goode           finnCap Ltd                         + 44 (0) 20 7220 0500 
 
Simon Hicks          finnCap Ltd                         + 44 (0) 20 7220 0500 
 
Frank Buhagiar       St Brides Partners Ltd              + 44 (0) 20 7236 1177 
 
Susie Geliher        St Brides Partners Ltd              + 44 (0) 20 7236 1177 
 
Notes 
 
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage 
hydrocarbon assets that includes production, exploration and development 
interests, in countries that are politically stable, have transparent licensing 
processes, and offer attractive terms. Its highly prospective exploration 
projects include the Wressle oil development in the UK and seven licences 
offshore Ireland with the potential to host gross mean un-risked prospective 
resources of more than 4 billion barrels oil equivalent and 1.5 TCF gas across 
all seven licences. In H1 2017 Europa produced 115 boepd from its portfolio of 
onshore UK licences. 
 
 
 
END 
 

(END) Dow Jones Newswires

June 13, 2017 04:24 ET (08:24 GMT)