Egdon Resources PLC Directors? Share Dealing (3069M)

TIDMEDR

RNS Number : 3069M

Egdon Resources PLC

27 April 2018

27 April 2018

EGDON RESOURCES PLC

("Egdon" or "the Company")

Directors' Share Dealing

The Company has been informed of the following recent transaction by a Director:

Mark Abbott, Managing Director, purchased 325,000 ordinary shares via his SIPP at an average price of 6.8 p.

Following this transaction Mark Abbott holds interests in 8,089,387 ordinary shares representing 3.11% of the share capital of the Company.

The issued share capital of Egdon Resources plc consists of 259,984,822 ordinary shares of 1 pence each with voting rights. No Shares are held in treasury. Therefore, the total number of voting rights in the Company is 259,984,822.

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                                   Mark Abbott 
--------  -------------------------------------  ------------------------------------- 
      2         Reason for notification 
--------  ---------------------------------------------------------------------------- 
      a)        Position / status                      PDMR/Managing Director 
--------  -------------------------------------  ------------------------------------- 
      b)        Initial notification/Amendment         Initial notification 
--------  -------------------------------------  ------------------------------------- 
      3         Details of the issuer, emission allowance 
                 market participant, auction platform, auctioneer 
                 or auction monitor 
--------  ---------------------------------------------------------------------------- 
      a)        Name                                   Egdon Resources plc 
--------  -------------------------------------  ------------------------------------- 
      b)        LEI                                    NA 
--------  -------------------------------------  ------------------------------------- 
      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            Ordinary Shares of 1 pence 
                 instrument, type of instrument          each 
 
                 Identification code 
                                                         NA 
--------  -------------------------------------  ------------------------------------- 
      b)        Nature of the transaction              Purchase of shares via market 
--------  -------------------------------------  ------------------------------------- 
      c)        Price(s) and volumes(s)                    Price             Volume 
                                                       ----------------  ------------- 
                                                            6.3 pence         100,000 
                                                             6.7 pence         125,000 
                                                             7.5 pence         100,000 
                                                       ----------------  ------------- 
--------  -------------------------------------  ------------------------------------- 
      d)        Aggregated information 
                 Aggregated Volume 
                 Price                                   275,000 
                                                          6.8 pence 
--------  -------------------------------------  ------------------------------------- 
      e)        Date of the transaction                24, 25 and 26 April 2018 
--------  -------------------------------------  ------------------------------------- 
      f)        Place of the transaction               London Stock Exchange 
--------  -------------------------------------  ------------------------------------- 
 
 

For further information please contact:

Egdon Resources plc

   Mark Abbott                                                             01256 702 292 

Buchanan

   Ben Romney, Anna Michniewicz                            020 7466 5000 

Nominated Adviser and Broker - Cantor Fitzgerald Europe

   David Porter / Nick Tulloch (Corporate Finance)     020 7894 7000 

Caspar Shand Kydd / Alex Pollen (Sales)

Joint Broker - VSA Capital Limited

   Andrew Monk (Corporate Broking)                         020 3005 5000 

Andrew Raca (Corporate Finance)

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK.

Egdon holds interests in 43 licences in the UK and has an active programme of exploration, appraisal and development within its portfolio of oil and gas assets. Egdon is an approved operator in the UK. Egdon was formed in 1997 and listed on AIM in December 2004.

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"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 27, 2018 02:01 ET (06:01 GMT)