We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Prospex Oil And Gas Plc | LSE:PXOG | London | Ordinary Share | GB00BMFZVZ53 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.525 | 1.30 | 1.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPXOG
RNS Number : 2534W
Prospex Oil and Gas PLC
13 November 2017
Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas
13 November 2017
Prospex Oil and Gas Plc
("Prospex" or the "Company")
Award of Share Options
Prospex Oil and Gas Plc, the AIM quoted investment company, announces that it has today awarded a total of 71,226,149 options to members of the Board and other staff over new Ordinary Shares in the Company (the 'Options'). This follows the recent investments in the Podere Gallina permit in the Po Valley, Italy and the Suceava Concession in Romania, as a result of which Prospex will be participating in the drilling of two wells in Q4 2017.
The Options have been awarded with a strike price of 0.52p per ordinary share, being a 21% premium to the price at which the Company completed its recent Placing as announced on 31 October 2017 and a 2% premium to the mid-market closing share price of the Company's Ordinary Shares on 10 November 2017. The Options will vest immediately and are exercisable for a period of 3 years.
The options issued to the Directors of the Company are set out below:
Hot Features
Premium
Options Awarded Total options
With exercise price now held
of 0.52p per share
----------------------- --------------------- --------------
Edward Dawson 16,940,273 24,322,148
----------------------- --------------------- --------------
Richard Mays 10,395,168* 14,720,508
----------------------- --------------------- --------------
James Smith 10,395,168 11,831,168
----------------------- --------------------- --------------
William Smith 10,395,168 14,720,508
----------------------- --------------------- --------------
Other staff/personnel
(non-PDMR) 23,100,372 29,989,88
----------------------- --------------------- --------------
Total 71,226,149 95,584,220
----------------------- --------------------- --------------
*The options awarded to Richard Mays will be held in the name of Sallork Limited, a company he owns and controls.
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").
* *S * *
For further information visit www.prospexoilandgas.com or contact the following:
Edward Dawson Prospex Oil and Gas Tel: +44 (0) 20
Plc 3766 0325
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20
Ritchie Balmer 7409 3494
Jack Botros
Jon Belliss Beaufort Securities Tel: +44 (0) 20
Limited 7382 8300
Duncan Vasey Peterhouse Corporate Tel: +44 (0) 20
Finance 7469 0932
Frank Buhagiar St Brides Partners Tel: +44 (0) 20
Charlotte Page Ltd 7236 1177
Notes
Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's management is looking to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects.
PDMR Notifications
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Edward Dawson
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -----------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Prospex Oil and Gas Plc
--- ------------------------------- -----------------------------
b) LEI 213800NY9RH8O1B72D27
--- ------------------------------- -----------------------------
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 Ordinary shares of 0.1p each
Financial instrument, in the share capital of the
type of instrument Prospex Oil & Gas plc
--- ------------------------------- -----------------------------
Identification code GB00BW4NPC58
--- ------------------------------- -----------------------------
b) Nature of the Transaction Issue of options to acquire
Ordinary Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- -----------
0.52p pence 16,940,273
------------- -----------
--- ------------------------------- -----------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------
e) Date of the transaction 13 November 2017
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Richard Mays
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -----------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Prospex Oil and Gas Plc
--- ------------------------------- -----------------------------
b) LEI 213800NY9RH8O1B72D27
--- ------------------------------- -----------------------------
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 Ordinary shares of 0.1p each
Financial instrument, in the share capital of the
type of instrument Prospex Oil & Gas plc
--- ------------------------------- -----------------------------
Identification code GB00BW4NPC58
--- ------------------------------- -----------------------------
b) Nature of the Transaction Issue of options to acquire
Ordinary Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- -----------
0.52p pence 10,395,168
------------- -----------
--- ------------------------------- -----------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------
e) Date of the transaction 13 November 2017
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name James Smith
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -----------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Prospex Oil and Gas Plc
--- ------------------------------- -----------------------------
b) LEI 213800NY9RH8O1B72D27
--- ------------------------------- -----------------------------
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 Ordinary shares of 0.1p each
Financial instrument, in the share capital of the
type of instrument Prospex Oil & Gas plc
--- ------------------------------- -----------------------------
Identification code GB00BW4NPC58
--- ------------------------------- -----------------------------
b) Nature of the Transaction Issue of options to acquire
Ordinary Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- -----------
0.52p pence 10,395,168
------------- -----------
--- ------------------------------- -----------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------
e) Date of the transaction 13 November 2017
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name William Smith
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -----------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Prospex Oil and Gas Plc
--- ------------------------------- -----------------------------
b) LEI 213800NY9RH8O1B72D27
--- ------------------------------- -----------------------------
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 Ordinary shares of 0.1p each
Financial instrument, in the share capital of the
type of instrument Prospex Oil & Gas plc
--- ------------------------------- -----------------------------
Identification code GB00BW4NPC58
--- ------------------------------- -----------------------------
b) Nature of the Transaction Issue of options to acquire
Ordinary Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- -----------
0.52p pence 10,395,168
------------- -----------
--- ------------------------------- -----------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------
e) Date of the transaction 13 November 2017
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUOURRBVAAARA
(END) Dow Jones Newswires
November 13, 2017 02:01 ET (07:01 GMT)
1 Year Prospex Oil And Gas Chart |
1 Month Prospex Oil And 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
