Diversified Gas & Oil PLC Issue of Equity and Total Voting Rights (1598F)

TIDMDGOC

RNS Number : 1598F

Diversified Gas & Oil PLC

11 July 2019

11 July 2019

Diversified Gas & Oil PLC

(the "Company")

Issue of Equity and Total Voting Rights

Diversified Gas & Oil PLC (AIM: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announced on 2 November 2017 the award of Restricted Stock Units ("RSUs") issued under the Company's equity incentive plan (the "Plan") to certain of the Company's senior management.

In accordance with the terms of the Plan, the balance of the RSU's held by Eric Williams, Chief Financial Officer and PDMR, have now vested and the Company has therefore allotted 38,857 new ordinary shares of 1 pence each in the Company (the "RSU Shares") to Eric Williams. Mr Williams' interest in the Company now comprises 77,712 ordinary shares of 1 pence each ("Ordinary Shares"), representing 0.01% of the Company's issued share capital, plus share options over 2,505,000 Ordinary Shares.

Application has been made for the RSU Shares to be admitted to trading on AIM which is expected to occur on 17 July 2019. The RSU Shares rank pari passu in all respects with the existing Ordinary Shares.

Following the issue of the RSU Shares, the Company will have 680,476,436 Ordinary Shares in issue (including treasury shares). The Company currently holds 4,796,627 Ordinary Shares in treasury. Therefore, the total voting rights in DGO will be 675,679,808. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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

 
 Diversified Gas & Oil PLC 
  Rusty Hutson Jr., Chief Executive Officer 
  Brad Gray, Chief Operating Officer & Finance 
  Director 
  Eric Williams, Chief Financial Officer 
  www.dgoc.com 
  [e-mail]                                     + 1 [phone] 
 Cenkos Securities plc 
  (Nominated Adviser) 
  Russell Cook 
  Katy Birkin 
  Ben Jeynes                                      [phone] 
 Mirabaud Securities Limited 
  (Joint Broker) 
  Peter Krens 
  Edward Haig-Thomas                              [phone] 
 Stifel Nicolaus Europe Limited 
  (Joint Broker) 
  Callum Stewart 
  Nicholas Rhodes 
  Ashton Clanfield                                [phone] 
 Buchanan 
  (Financial Public Relations) 
  Ben Romney 
  Chris Judd 
  James Husband 
  [e-mail]                              [phone] 
 

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                                      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 constituting 
        instrument, type of instrument            a right to acquire ordinary 
                                                  shares of 1p each 
      ----------------------------------------  --------------------------------------- 
       Identification code                       GB00BYX7JT74 
      ----------------------------------------  --------------------------------------- 
 b)    Nature of the transaction                 Vesting of restricted stock 
                                                  units under the Company's equity 
                                                  incentive plan 
      ----------------------------------------  --------------------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)             Volume(s) 
      ----------------------------------------  -------------------  ------------------ 
                                                               GBP0              38,857 
  -----------------------------------------------------------------  ------------------ 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  --------------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  -------------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  -------------------------------------------- 
 e)    Date of the transaction                   10 July 2019 
      ----------------------------------------  --------------------------------------- 
 f)    Place of the transaction                  London Stock Exchange (XLON) 
      ----------------------------------------  --------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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July 11, 2019 02:00 ET (06:00 GMT)