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DGOC Diversified Gas & Oil Plc

120.80
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Diversified Gas & Oil PLC Restricted Stock Unit Awards (3231V)

02/11/2017 7:00am

UK Regulatory


Diversified Gas & Oil (LSE:DGOC)
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TIDMDGOC

RNS Number : 3231V

Diversified Gas & Oil PLC

02 November 2017

2 November 2017

Diversified Gas & Oil PLC

("DGO", the "Company" or the "Group")

Restricted Stock Unit Awards

Diversified Gas & Oil PLC, the US based gas and oil producer, is pleased to announce that on 1 November 2017, the following restricted stock units, to be settled upon vesting in ordinary shares of 1p each in the Company ("Restricted Stock Units"), were granted to certain of the Company's senior management pursuant to individual restricted stock unit award agreements (the "Award Agreements") under the Company's equity incentive plan (the "Plan"). Restricted stock units are a customary form of equity award in the United States and are similar to share options in the United Kingdom, but without the payment of an exercise price.

 
                                                   Number 
                                            of Restricted       Vesting date(s) 
                                              Stock Units           (vesting in 
 Employee         Position                        granted    equal instalments) 
---------------  -----------------------  ---------------  -------------------- 
 Bob Cayton       Senior Vice President           150,000             Nov 2018, 
                   of Operations                                   Nov 2019 and 
                                                                       Nov 2020 
---------------  -----------------------  ---------------  -------------------- 
 Eric Williams    Chief Financial                 110,000             July 2018 
                   Officer                                        and July 2019 
---------------  -----------------------  ---------------  -------------------- 
 Jack Crook       Senior Vice President            85,002             Nov 2018, 
                   of Environmental,                               Nov 2019 and 
                   Health and Safety                                   Nov 2020 
---------------  -----------------------  ---------------  -------------------- 
 Drew Adamo       Vice President                   75,000             Nov 2018, 
                   of Operations (North                            Nov 2019 and 
                   Pennsylvania)                                       Nov 2020 
---------------  -----------------------  ---------------  -------------------- 
 Rusty Hutson,    Vice President                   75,000             Nov 2018, 
  Sr               of Operations (West                             Nov 2019 and 
                   Virginia & South                                    Nov 2020 
                   Ohio) 
---------------  -----------------------  ---------------  -------------------- 
 Rich Palya       Vice President                   75,000             Nov 2018, 
                   of Operations (South                            Nov 2019 and 
                   Pennsylvania)                                       Nov 2020 
---------------  -----------------------  ---------------  -------------------- 
 Thomas           Vice President                   75,000             Nov 2018, 
  Vosick           of Operations (North                            Nov 2019 and 
                   Ohio)                                               Nov 2020 
---------------  -----------------------  ---------------  -------------------- 
 Total                                            645,002 
----------------------------------------  ---------------  -------------------- 
 

Under the terms of the Award Agreements, the Restricted Stock Units are scheduled to vest in one or more instalments upon the completion of a specified period of continuous service to the Company or a subsidiary of the Company. In the event that the individual's service to the Company or a subsidiary terminates prior to the vesting of the Restricted Stock Units (subject to certain exceptions), such Restricted Stock Units shall be automatically forfeited to the Company upon such termination. Promptly following the vesting date, the Company will issue to the individual a number of ordinary shares in the Company equal to the number of vested Restricted Stock Units upon payment by the Company of the aggregate nominal value of the ordinary shares.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ----------------------------------------------------------------- 
 a)    Name                              Bob Cayton 
----  --------------------------------  ------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------- 
 a)    Position/status 
                                           Senior Vice President 
                                           of Operations/PDMR 
----  --------------------------------  ------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)         Volume(s) 
----  --------------------------------  ---------------  -------------- 
                                                   GBP0         150,000 
  -----------------------------------------------------  -------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  ------------------------------------ 
  Price                             N/A single transaction 
 --------------------------------  ------------------------------------ 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                              Eric Williams 
----  --------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status 
                                           Chief Financial Officer/PDMR 
----  --------------------------------  ---------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ---------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ---------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)          Volume(s) 
----  --------------------------------  ----------------  ---------------- 
                                                    GBP0           110,000 
  ------------------------------------------------------  ---------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ---------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  --------------------------------------- 
  Price                             N/A single transaction 
 --------------------------------  --------------------------------------- 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ---------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ---------------------------------- 
 
 
       Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ----------------------------------------------------------------- 
 a)    Name                              Jack Crook 
----  --------------------------------  ------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------- 
 a)    Position/status 
                                           Senior Vice President 
                                           of Environmental, Health 
                                           and Safety/PDMR 
----  --------------------------------  ------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)         Volume(s) 
----  --------------------------------  ---------------  -------------- 
                                                   GBP0          85,002 
  -----------------------------------------------------  -------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  ------------------------------------ 
  Price                             N/A single transaction 
 --------------------------------  ------------------------------------ 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                              Rusty Hutson, Sr 
----  --------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status 
                                           Vice President of Operations 
                                           - West Virginia & South 
                                           Ohio/PDMR 
----  --------------------------------  ---------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ---------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ---------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)          Volume(s) 
----  --------------------------------  ----------------  ---------------- 
                                                    GBP0            75,000 
  ------------------------------------------------------  ---------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ---------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  --------------------------------------- 
  Price                             N/A single transaction 
 --------------------------------  --------------------------------------- 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ---------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                              Rich Palya 
----  --------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status 
                                           Vice President of Operations 
                                           - South Pennsylvania/PDMR 
----  --------------------------------  ---------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ---------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ---------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)          Volume(s) 
----  --------------------------------  ----------------  ---------------- 
                                                    GBP0            75,000 
  ------------------------------------------------------  ---------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ---------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  --------------------------------------- 
  Price                             N/A single transaction 
 --------------------------------  --------------------------------------- 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ---------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  --------------------------------------------------------------------- 
 a)    Name                              Drew Adamo 
----  --------------------------------  ----------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------------- 
 a)    Position/status 
                                           Vice President of Operations- 
                                           North Pennsylvania/PDMR 
----  --------------------------------  ----------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ----------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ----------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)           Volume(s) 
----  --------------------------------  -----------------  ---------------- 
                                                     GBP0            75,000 
  -------------------------------------------------------  ---------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ----------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  ---------------------------------------- 
  Price                             N/A single transaction 
 --------------------------------  ---------------------------------------- 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ----------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ----------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                              Thomas Vosick 
----  --------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status 
                                           Vice President of Operations 
                                           - North Ohio/PDMR 
----  --------------------------------  ---------------------------------- 
 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 of the financial      Restricted stock units 
        instrument, type of               constituting a right 
        instrument                        to acquire ordinary 
                                          shares of 1p each 
----  --------------------------------  ---------------------------------- 
       Identification code               GB00BYX7JT74 
----  --------------------------------  ---------------------------------- 
 b)    Nature of the transaction         Grant of restricted 
                                          stock units under the 
                                          Company's equity incentive 
                                          plan 
----  --------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)           Price(s)          Volume(s) 
----  --------------------------------  ----------------  ---------------- 
                                                    GBP0            75,000 
  ------------------------------------------------------  ---------------- 
 d)    Aggregated information            N/A single transaction 
----  --------------------------------  ---------------------------------- 
  Aggregated volume                 N/A single transaction 
 --------------------------------  --------------------------------------- 
  Price                             N/A single transaction 
 --------------------------------  --------------------------------------- 
 e)    Date of the transaction           1 November 2017 
----  --------------------------------  ---------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ---------------------------------- 
 
 
 Diversified Gas & Oil PLC 
  Rusty Hutson Jr., Chief Executive 
  Officer 
  Brad Gray, Finance Director/Chief 
  Operating Officer 
  Eric Williams, Chief Financial 
  Officer/ Investor Relations          +1 205 408 
  www.diversifiedgasandoil.com          0909 
 Smith & Williamson Corporate 
  Finance Limited 
  (Nominated Adviser & Joint 
  Broker)                              +44 (0)20 
  Russell Cook, Katy Birkin             7131 4000 
 Mirabaud Securities Limited 
  (Lead Broker)                        +44 (0)20 
  Peter Krens, Edward Haig-Thomas       3167 7221 
 Buchanan (Financial Public 
  Relations) 
  Ben Romney, Chris Judd, Henry 
  Wilson                               +44 (0)20 
  dgo@buchanan.uk.com                   7466 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 02, 2017 03:00 ET (07:00 GMT)

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