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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Diversified Gas & Oil Plc | LSE:DGOC | London | Ordinary Share | GB00BYX7JT74 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 120.80 | 120.20 | 120.40 | 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
TIDMDGOC
RNS Number : 8040V
Diversified Gas & Oil PLC
26 July 2018
26 July 2018
Diversified Gas & Oil PLC
("DGO" or the "Company")
Grant of Share Options
Diversified Gas & Oil PLC (AIM: DGOC), a leading US based gas and oil producer, announced the acquisition of EQT entities holding certain gas and oil assets and the accompanying share placing on 29 June 2018. The announcement set out the recommendation of the Remuneration Committee that options over 15,450,000 DGO ordinary shares of 1p each be granted to a total of 17 executive Directors and senior employees (the "Share Options").
The award of Share Options has been confirmed by the board at the recommendation of the Remuneration Committee and the Company announces that it has granted the Share Options to the following executive Directors and persons discharging managerial responsibilities ("PDMRs"), pursuant to the Company's Share Option Scheme (the "Scheme"):
Hot Features
Premium
Total
share
options
% of % of
existing Existing Total issued
Existing share options New Options options share
share-holding capital held(1) granted held capital
==================== ============== ========= ======== =========== ========= ========
Executive Directors
==================== ============== ========= ======== =========== ========= ========
Robert "Rusty"
Hutson Jr 20,000,000 3.95% 0 6,000,000 6,000,000 1.18%
==================== ============== ========= ======== =========== ========= ========
Bradley Gray 2,210,481 0.44% 0 2,750,000 2,750,000 0.54%
==================== ============== ========= ======== =========== ========= ========
PDMR
==================== ============== ========= ======== =========== ========= ========
Eric Williams 0 - 110,000 1,750,000 1,860,000 0.37%
==================== ============== ========= ======== =========== ========= ========
Michael Garrett 0 - 75,000 750,000 825,000 0.16%
==================== ============== ========= ======== =========== ========= ========
Bryan Berry 0 - 0 750,000 750,000 0.15%
==================== ============== ========= ======== =========== ========= ========
(1) Options granted in the form of Restricted Stock Units
In summary the terms of the Share Options are:
-- The Shares Options granted to the executive Directors and PDMRs will be exercisable at a price of 84 pence per share;
-- The Share Options will vest in three equal tranches following publication of the Annual Report & Accounts in respect of the years ending 31 December 2020, 31 December 2021 and 31 December 2022;
-- One third of the Share Options will be exercisable without performance-based vesting conditions;
-- The remaining two thirds of the Share Options will be exercisable subject to the satisfaction of certain performance-based vesting conditions.
Following the above grants, the Company has a total of 16,245,002 ordinary shares currently under option, representing approximately 3.21 per cent of the Company's issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief
Executive Officer
Brad Gray, Chief Operating
Officer and Finance Director
Eric Williams, Chief Financial
Officer + 1 (205) 408
www.dgoc.com 0909
Smith & Williamson Corporate
Finance Limited
(Nominated Adviser)
Russell Cook
Katy Birkin +44 (0)20 7131
Ben Jeynes 4000
Mirabaud Securities Limited
(Joint Broker)
Peter Krens +44 (0)20 3167
Edward Haig-Thomas 7221
Stifel Nicolaus Europe Limited
(Joint Broker)
Callum Stewart
Nicholas Rhodes +44 (0)20 7710
Ashton Clanfield 7600
Buchanan
(Financial Public Relations)
Ben Romney
Chris Judd
Henry Wilson +44 (0)20 7466
dgo@buchanan.uk.com 5000
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------
a) Name Robert "Rusty" Russell Hutson Jr
--- ------------------------------- ---------------------------------
2 Reason for Notification
--- ------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------
a) Name Diversified Gas & Oil plc
--- ------------------------------- ---------------------------------
b) LEI 213800YR9TFRVHPGOS67
--- ------------------------------- ---------------------------------
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 Options over Ordinary Shares of
of the financial 1 pence each
instrument,
type of instrument ISIN: GB00BYX7JT74
Identification
code
--- ------------------------------- ---------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
84.0P 6,000,000
--------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated
information
* Aggregated volume
* Price
--- ------------------------------- ---------------------------------
e) Date of the 25 July 2018
transaction
--- ------------------------------- ---------------------------------
f) Place of the XOFF
transaction
--- ------------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------------
a) Name Bradley Grafton Gray
--- ------------------------------- ----------------------------------------
2 Reason for Notification
--- -------------------------------------------------------------------------
a) Position/status Finance Director and US Chief Operating
Officer
--- ------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -------------------------------------------------------------------------
a) Name Diversified Gas & Oil plc
--- ------------------------------- ----------------------------------------
b) LEI 213800YR9TFRVHPGOS67
--- ------------------------------- ----------------------------------------
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 Options over Ordinary Shares of
of the financial 1 pence each
instrument,
type of instrument ISIN: GB00BYX7JT74
Identification
code
--- ------------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
84.0P 2,750,000
--------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated
information
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------
e) Date of the 25 July 2018
transaction
--- ------------------------------- ----------------------------------------
f) Place of the XOFF
transaction
--- ------------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Eric Michael Williams
--- ------------------------------- --------------------------------
2 Reason for Notification
--- -----------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- --------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -----------------------------------------------------------------
a) Name Diversified Gas & Oil plc
--- ------------------------------- --------------------------------
b) LEI 213800YR9TFRVHPGOS67
--- ------------------------------- --------------------------------
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 Options over Ordinary Shares of
of the financial 1 pence each
instrument,
type of instrument ISIN: GB00BYX7JT74
Identification
code
--- ------------------------------- --------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
84.0P 1,750,000
--------- ----------
--- ------------------------------- --------------------------------
d) Aggregated
information
* Aggregated volume
* Price
--- ------------------------------- --------------------------------
e) Date of the 25 July 2018
transaction
--- ------------------------------- --------------------------------
f) Place of the XOFF
transaction
--- ------------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------
a) Name Michael Walton Garrett
--- ------------------------------- ---------------------------------
2 Reason for Notification
--- ------------------------------------------------------------------
a) Position/status Vice President of Accounting and
Controller
--- ------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------
a) Name Diversified Gas & Oil plc
--- ------------------------------- ---------------------------------
b) LEI 213800YR9TFRVHPGOS67
--- ------------------------------- ---------------------------------
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 Options over Ordinary Shares of
of the financial 1 pence each
instrument,
type of instrument ISIN: GB00BYX7JT74
Identification
code
--- ------------------------------- ---------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
84.0P 750,000
--------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated
information
* Aggregated volume
* Price
--- ------------------------------- ---------------------------------
e) Date of the 25 July 2018
transaction
--- ------------------------------- ---------------------------------
f) Place of the XOFF
transaction
--- ------------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Bryan Keith Berry
--- ------------------------------- --------------------------------
2 Reason for Notification
--- -----------------------------------------------------------------
a) Position/status Vice President of Finance
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- --------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -----------------------------------------------------------------
a) Name Diversified Gas & Oil plc
--- ------------------------------- --------------------------------
b) LEI 213800YR9TFRVHPGOS67
--- ------------------------------- --------------------------------
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 Options over Ordinary Shares of
of the financial 1 pence each
instrument,
type of instrument ISIN: GB00BYX7JT74
Identification
code
--- ------------------------------- --------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
84.0P 750,000
--------- ----------
--- ------------------------------- --------------------------------
d) Aggregated
information
* Aggregated volume
* Price
--- ------------------------------- --------------------------------
e) Date of the 25 July 2018
transaction
--- ------------------------------- --------------------------------
f) Place of the XOFF
transaction
--- ------------------------------- --------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHDXGDRSGDBGIU
(END) Dow Jones Newswires
July 26, 2018 02:02 ET (06:02 GMT)
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