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NUOG Nu-oil And Gas Plc

0.0275
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nu-oil And Gas Plc LSE:NUOG London Ordinary Share GB00B29T9605 ORD 0.0001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0275 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Nu-Oil and Gas PLC Disclosure re Share Subscription by Directors (2028Z)

13/03/2017 7:01am

UK Regulatory


Nu-oil And Gas (LSE:NUOG)
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TIDMNUOG

RNS Number : 2028Z

Nu-Oil and Gas PLC

13 March 2017

NU-OIL AND GAS PLC

AIM ticker: 'NUOG'

13 March 2017

NU-Oil and Gas plc

("NU-Oil" or "the Company")

Share Subscription by Directors

Further to the news release by NU-Oil on 28(th) February 2017 regarding the subscription of 11 million new ordinary shares of 0.1p each in the Company at a price of 0.5p per new Ordinary Share by Alan Minty, Chairman, Dr. Nigel Burton, Chief Executive Officer and Frank Jackson, Non-executive director, please see below the corresponding disclosure forms, which were submitted online to the FCA on 2(nd) March 2017 in relation to these transactions.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                             Alan Minty 
---  -------------------------------  ----------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------- 
 a)   Position/status                  Director 
---  -------------------------------  ----------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ----------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------- 
 a)   Name                             Nu Oil and Gas Plc 
---  -------------------------------  ----------------------- 
 b)   LEI 
---  -------------------------------  ----------------------- 
 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                Shares 
       Financial instrument, 
       type of instrument 
---  -------------------------------  ----------------------- 
      Identification code 
---  -------------------------------  ----------------------- 
 b)   Nature of the Transaction        Purchase of Shares 
---  -------------------------------  ----------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         0.5p       5,000,000 
                                        ---------  ---------- 
---  -------------------------------  ----------------------- 
 d)   Aggregated information            GBP25,000.00 
       Aggregated volume 
       Price 
---  -------------------------------  ----------------------- 
 e)   Date of the transaction          28(th) February 2017 
---  -------------------------------  ----------------------- 
 f)   Place of the transaction         UK 
---  -------------------------------  ----------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                             Nigel Burton 
---  -------------------------------  ----------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------- 
 a)   Position/status                  Director 
---  -------------------------------  ----------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ----------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------- 
 a)   Name                             Nu Oil and Gas Plc 
---  -------------------------------  ----------------------- 
 b)   LEI 
---  -------------------------------  ----------------------- 
 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                Shares 
       Financial instrument, 
       type of instrument 
---  -------------------------------  ----------------------- 
      Identification code 
---  -------------------------------  ----------------------- 
 b)   Nature of the Transaction        Purchase of Shares 
---  -------------------------------  ----------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         0.5p       4,000,000 
                                        ---------  ---------- 
---  -------------------------------  ----------------------- 
 d)   Aggregated information            GBP20,000.00 
       Aggregated volume 
       Price 
---  -------------------------------  ----------------------- 
 e)   Date of the transaction          28(th) February 2017 
---  -------------------------------  ----------------------- 
 f)   Place of the transaction         UK 
---  -------------------------------  ----------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                             Frank Jackson 
---  -------------------------------  ----------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------- 
 a)   Position/status                  Director 
---  -------------------------------  ----------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ----------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------- 
 a)   Name                             Nu Oil and Gas Plc 
---  -------------------------------  ----------------------- 
 b)   LEI 
---  -------------------------------  ----------------------- 
 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                Shares 
       Financial instrument, 
       type of instrument 
---  -------------------------------  ----------------------- 
      Identification code 
---  -------------------------------  ----------------------- 
 b)   Nature of the Transaction        Purchase of Shares 
---  -------------------------------  ----------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         0.5p       2,000,000 
                                        ---------  ---------- 
---  -------------------------------  ----------------------- 
 d)   Aggregated information            GBP10,000.00 
       Aggregated volume 
       Price 
---  -------------------------------  ----------------------- 
 e)   Date of the transaction          28(th) February 2017 
---  -------------------------------  ----------------------- 
 f)   Place of the transaction         UK 
---  -------------------------------  ----------------------- 
 

Enquiries:

NU-Oil and Gas plc

   Alan Minty, Executive Chairman              Tel: +44 161 817 7460 
   Nigel Burton, CEO                                           Tel: +44 7785 234447 

Strand Hanson Limited

   Rory Murphy/Ritchie Balmer                     Tel: +44 20 7409 3494 
   Beaufort Securities Limited                         Tel: +44 20 7382 8300 

Jon Belliss

Elliot Hance

   St Brides Partners Limited                            Tel: +44 20 7236 1177 

Elisabeth Cowell

Lottie Brocklehurst

www.nu-oilandgas.com

Note to Editors:

 
 NU-Oil and Gas plc is an independent oil and gas 
  company whose strategy is to build a diverse portfolio 
  of assets with a strong emphasis on acquiring interests 
  in stranded and marginal fields. 
  These fields are low risk highly-appraised projects 
  and consequently the Company's entry cost will 
  be low. NU-Oil will look to develop these assets 
  utilising solutions delivered by Marginal Field 
  Development Company (MFDevCo) and the MFD Consortium, 
  which can significantly improve the development 
  economics of a project. This is also expected to 
  enable the early booking of reserves. 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSFUFWSFWSEFD

(END) Dow Jones Newswires

March 13, 2017 03:01 ET (07:01 GMT)

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