Victoria Oil & Gas PLC PDMR Shareholding & Deferred Shares Bonus Awards (4752H)

TIDMVOG

RNS Number : 4752H

Victoria Oil & Gas PLC

08 June 2017

Victoria Oil & Gas PLC (AIM: VOG)

8 June 2017

Victoria Oil & Gas Plc ("VOG" or "the Company")

PDMR Shareholding

Deferred Shares Bonus Awards

Victoria Oil & Gas Plc announces that on 7 June 2017, bonus awards of 880,121 ordinary shares of 0.5p in the Company ("Ordinary Shares") in aggregate were granted to the Executive Directors under the Company's Annual Bonus Plan for the year ended 31 December 2016.

Half of the bonus awards will vest on 1 January 2018 and the remaining half on 1 January 2019. The Ordinary Shares are to be issued in lieu of cash bonuses at 41.5p per share, the volume weighted average price for the period 1 January 2016 to 28 April 2017.

The below notification, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, gives further details:

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                       1. Kevin Foo 
                                   2. Ahmet Dik 
                                   3. Andrew Diamond 
----  -------------------------  ------------------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status            1. Executive Chairman 
                                   2. Chief Executive Officer 
                                   3. Finance Director 
----  -------------------------  ------------------------------------------- 
 b)    Initial notification       Initial notification 
        /Amendment 
----  -------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                       Victoria Oil & Gas plc 
----  -------------------------  ------------------------------------------- 
 b)    LEI                        213800JHNB148AXECS22 
----  -------------------------  ------------------------------------------- 
 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 
----  ---------------------------------------------------------------------- 
       Transaction 
        1 
----  -------------------------  ------------------------------------------- 
 a)    Description                Ordinary shares of 0.5p each 
        of the financial 
        instrument, 
        type of instrument 
----  -------------------------  ------------------------------------------- 
 
       Identification             GB00BRWR3752 
        code 
 
 b)    Nature of                  Nil cost share-based awards made 
        the transaction            to the Executive Directors under 
                                   the Victoria Oil & Gas plc Annual 
                                   Bonus Scheme, half of which will 
                                   vest on 1 January 2018 and the 
                                   remaining half on 1 January 2019. 
----  -------------------------  ------------------------------------------- 
 c)    Price(s) 
        and volume(s) 
----                                     ---------------  -------------- 
                                          Price(s)         Volume(s) 
----                                     ---------------  -------------- 
                                          Nil              240,964 
                                                            433,735 
                                                            205,422 
   -----------------------------------------------------  -------------- 
 d)    Aggregated 
        information 
---- 
  - Aggregated               880,121 
   volume 
 
  - Price                    Nil 
 
 e)    Date of the                7 June 2017 
        transaction 
----  -------------------------  ------------------------------------------- 
 f)    Place of                   Outside of a main market 
        the transaction 
----  -------------------------  ------------------------------------------- 
 

For further information, please visit www.victoriaoilandgas.com or contact:

Victoria Oil & Gas Plc

   Kevin Foo / Laurence Read                                              Tel: [phone] 

Strand Hanson Limited (NOMAD)

   Rory Murphy / Stuart Faulkner / James Dance                   Tel: [phone] 

Shore Capital Stockbrokers Limited (Joint Broker)

   Mark Percy / Toby Gibbs (corporate finance)                     Tel: [phone] 

Jerry Keen (corporate broking)

FirstEnergy Capital LLP (Joint Broker)

   Jonathan Wright / David van Erp                                       Tel: [phone] 

Camarco (Financial PR)

Billy Clegg Tel: [phone]

Nick Hennis Tel: [phone]

This announcement contains inside information

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 08, 2017 02:01 ET (06:01 GMT)