We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hardy Oil & Gas Plc | LSE:HDY | London | Ordinary Share | GB00B09MB366 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.00 | 5.00 | 6.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHDY
RNS Number : 9338S
Hardy Oil & Gas plc
22 March 2016
22 March 2016
Hardy Oil and Gas plc
("Hardy", "the Company")
Issue of Restricted Shares
Hardy Oil and Gas plc (LSE: HDY), in accordance with the Company's Remuneration Policy the Non-Executive Directors and Chairman received an annual Restricted Share award on 21 March 2016. The aggregate award amounted to 432,693 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares")
The Ordinary Shares are issued in consideration for services rendered in 2015 at a price of 13.0 pence per Ordinary Share, being the closing price on the day prior to issue, as per the rules of the Remuneration Policy. Set out below is a table showing the number of Ordinary Shares of Hardy issued to Directors:
Percentage of Number of Ordinary the issued share Shares beneficially capital beneficially Number of interested in interested in Ordinary Shares following the following the Name Issued issue issue --------------------------- ----------------- --------------------- ---------------------- Alasdair Locke (Chairman) 221,154 1,385,523 1.58% Peter Milne 115,385 418,087 0.57% Pradip Shah 96,154 919,682 1.25%
Hardy's Remuneration Policy provides for all Non-Executive Directors to be issued Ordinary Shares equivalent to 25 per cent of their annual cash fee on an annual basis. The Ordinary Shares are in addition to their cash fees and are subject to a Restricted Shares Agreement whereby such Ordinary Shares will be restricted for a period of three years from the date of issue and, save in certain circumstances, will be released if the Non-Executive Director remains a director throughout the three year period.
Application will be made to the UK Listing Authority and to the London Stock Exchange for the new Ordinary Shares, to be admitted to the Official List maintained by the UK Listing Authority, and to be admitted to trading by the London Stock Exchange on its market for listed securities.
Immediately following admission, the total number of ordinary shares in issue with voting rights in the Company is 73,764,035 and may be used by shareholders as the denominator to determine if they are required to notify their interest in, or a change to their interest in, Hardy under the FSA's Disclosure and Transparency Rules. The Company holds no shares in treasury.
For further information please visit www.hardyoil.com or contact:
Hardy Oil and Gas plc 012 2461 2900 Ian MacKenzie, Chief Executive Officer Richard Galvin, Treasurer & Corporate Affairs Executive Arden Partners plc 020 7614 5917 Steve Douglas James Felix Tavistock Communications 020 7920 3150 Simon Hudson
NOTES TO THE EDITORS
Hardy Oil and Gas plc is an upstream oil and gas company focused in India. Its portfolio includes a blend of exploration, appraisal, and production assets. Hardy's goal is to evaluate and exploit its asset base with a view to creating significant value for its shareholders.
Hardy Oil and Gas plc is the operator of the PY-3 oil field (shut-in July 2011) located offshore India's east coast in the Cauvery basin. Hardy also has interests in two offshore exploration blocks in India's Saurashtra and Cauvery basins.
Hardy is incorporated under the laws of the Isle of Man and headquartered in Aberdeen, UK. Ordinary shares of Hardy were admitted to the Official List and the London Stock Exchange's market for listed securities effective 20 February 2008 under the symbol HDY.
The Company's Indian assets are held through the wholly owned subsidiary Hardy Exploration & Production (India) Inc, located in Chennai, India.
For further information please refer to our website at www.hardyoil.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUUUSRNWAOUAR
(END) Dow Jones Newswires
March 22, 2016 10:40 ET (14:40 GMT)
1 Year Hardy Oil & Gas Chart |
1 Month Hardy Oil & Gas Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions