Independent Oil & Gas PLC Issue of New Shares (6143G)

TIDMIOG

RNS Number : 6143G

Independent Oil & Gas PLC

31 May 2017

31 May 2017

Independent Oil and Gas plc

Issue of New Shares

Independent Oil and Gas plc ("IOG" or the "Company") (AIM: IOG.L), the development and production focused Oil and Gas Company, has today issued a total of 148,113 ordinary shares ("New Ordinary Shares") in the capital of the Company.

On 26 May 2017, Martin Ruscoe a Non-Executive director of the Company submitted a notice to exercise all of his current 1p options over Ordinary Shares awarded to him, pursuant the option agreements dated 1 September 2016 and 1 March 2017.

The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM ("Admission"). Admission is expected to occur on 2 June 2017. Following Admission there will be 109,416,276 Ordinary Shares in issue. Accordingly, this number 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's Disclosure and Transparency Rules.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------- 
 a)   Name                             Martin Ruscoe 
---  -------------------------------  ---------------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------------- 
 a)   Position/status                  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                             Independent Oil and Gas plc 
---  -------------------------------  ---------------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  ---------------------------------- 
 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                   Exercise of options over ordinary 
       the Financial                    shares 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00BF49WF64 
       code 
---  -------------------------------  ---------------------------------- 
 b)   Nature of the                    Exercise of options 
       transaction 
---  -------------------------------  ---------------------------------- 
 c)   Price(s) and                      Price(s)   Volume(s) 
       volume(s)                        ---------  ---------- 
                                         1p         148,113 
                                        ---------  ---------- 
---  -------------------------------  ---------------------------------- 
 d)   Aggregated information:          n/a 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------------  ---------------------------------- 
 e)   Date of the transaction          26 May 2017 
---  -------------------------------  ---------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ---------------------------------- 
 

-ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

 
 Independent Oil and Gas plc 
  Mark Routh (CEO)                 [phone] 
  Hywel John (CFO)                  0510 
 finnCap Ltd 
  Christopher Raggett / Anthony 
  Adams                            [phone] 
  (Corporate Finance)               0500 
 Camarco                           [phone] 
  Georgia Edmonds / Tom Huddart     4980 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAKSEDFLXEFF

(END) Dow Jones Newswires

May 31, 2017 02:00 ET (06:00 GMT)