Energean Oil & Gas PLC Director/PDMR Shareholding (5684N)

TIDMENOG

RNS Number : 5684N

Energean Oil & Gas PLC

21 January 2019

Energean Oil & Gas plc

("Energean" or the "Company")

DIRECTOR/ PDMR Shareholding

London, 21 January 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: ) , the London Premium Listed FTSE 250 and Tel Aviv Listed TA-90 E&P company with operations offshore Israel, Greece and the Adriatic, wishes to disclose the following transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them ("PCAs").

As described in the Admission Prospectus, on 30 June 2017, as part of the restructuring of the Group in preparation for Admission, the Company agreed to issue 174,138 ordinary shares to HIL Hydrocarbon Investments Limited ("HIL"), a company controlled by Efstathios Topouzoglou, and Capital Energy Investments Limited ("Capital"), a company controlled by Mathios Rigas, in consideration for the transfer of shares held by HIL and Capital, which represented the remaining 0.3% of the issued share capital of Energean E&P Holdings Limited ("the EEPHL Shares"). It was further agreed that this transaction would take place once certain security then in place over the EEPHL Shares had been discharged, with the EEPHL Shares being held on trust for the Company pending completion of the transaction.

The security over the EEPHL Shares has since been discharged and, accordingly, the EEPHL shares have been transferred from HIL and Capital to the Company and, on 16 January 2019, the Company duly issued 174,138 ordinary shares of 1p each as follows: 91,650 ordinary shares to HIL and 82,488 ordinary shares to Capital. Following completion of the transaction, the Company holds a direct interest in 100% of the issued share capital of EEPHL.

 
1 
         Details of the person discharging managerial responsibilities 
         / person closely associated 
a)     Name                               Capital Energy Investments Limited 
       ---------------------------------  ----------------------------------------------- 
2 
         Reason for the notification 
       ---------------------------------------------------------------------------------- 
 
  a)     Position/status                    PCA of Mathios Rigas 
       ---------------------------------  ----------------------------------------------- 
b)                                        Initial notification 
         Initial notification 
         /Amendment 
-----  ---------------------------------  ----------------------------------------------- 
3 
         Details of the issuer 
-----  ---------------------------------------------------------------------------------- 
a) 
         Name                               Energean Oil & Gas plc 
-----  ---------------------------------  ----------------------------------------------- 
b)                                        549300RVMKU0CYUZBB05 
         LEI 
       ---------------------------------  ----------------------------------------------- 
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)                                       Ordinary shares of 1p each 
         Description of the financial 
         instrument, type of instrument 
                                           GB00BG12Y042 
         Identification Code 
       ---------------------------------  ----------------------------------------------- 
b)     Nature of the transaction 
                                            Receipt of ordinary shares by Capital 
                                            Energy Holdings Limited (a company controlled 
                                            by Mathios Rigas) as consideration for13, 
                                            748 shares of Energean E&P Holdings Limited. 
       ---------------------------------  ----------------------------------------------- 
c)     Price(s) and volume(s)                          Volume(s) 
                                             Price(s) 
 
                                             Nil        82,488 
                                                        --------- 
       ---------------------------------  ----------------------------------------------- 
d)                                        N/A 
         Aggregated information 
         - Aggregated volume - 
         Price 
       ---------------------------------  ----------------------------------------------- 
 
 
e)       Date of the transaction            2019-01-16 
       ---------------------------------  ----------------------------------------------- 
f) 
         Place of the transaction           Outside a trading venue 
       ---------------------------------  ----------------------------------------------- 
 
 
1 
        Details of the person discharging managerial responsibilities 
        / person closely associated 
a)    Name                               H.I.L. Hydrocarbon Investments Limited 
      ---------------------------------  ----------------------------------------------- 
2 
        Reason for the notification 
      ---------------------------------------------------------------------------------- 
a)                                       PCA of Efstathios Topouzoglou 
        Position/status 
----  ---------------------------------  ----------------------------------------------- 
b)                                       Initial notification 
        Initial notification 
        /Amendment 
----  ---------------------------------  ----------------------------------------------- 
3 
        Details of the issuer 
      ---------------------------------------------------------------------------------- 
a) 
        Name                               Energean Oil & Gas plc 
      ---------------------------------  ----------------------------------------------- 
b)                                       549300RVMKU0CYUZBB05 
        LEI 
      ---------------------------------  ----------------------------------------------- 
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)                                      Ordinary shares of 1p each 
        Description of the financial 
        instrument, type of instrument 
                                          GB00BG12Y042 
        Identification Code 
      ---------------------------------  ----------------------------------------------- 
b)    Nature of the transaction 
                                           Receipt of ordinary shares by HIL Hydrocarbon 
                                           Investments Limited (a company controlled 
                                           by Efstathios Topouzoglou) as consideration 
                                           for 15,275 shares of Energean E&P Holdings 
                                           Limited. 
      ---------------------------------  ----------------------------------------------- 
c)    Price(s) and volume(s)                          Volume(s) 
                                            Price(s) 
 
                                            Nil        91,650 
                                                       --------- 
      ---------------------------------  ----------------------------------------------- 
d)                                       N/A 
        Aggregated information 
        - Aggregated volume - 
        Price 
      ---------------------------------  ----------------------------------------------- 
 
 
e)      Date of the transaction            2019-01-16 
      ---------------------------------  ----------------------------------------------- 
f) 
        Place of the transaction           Outside a trading venue 
      ---------------------------------  ----------------------------------------------- 
 

Enquiries

 
 Energean                        Tel: [phone] 
 Kate Sloan, Head of IR 
 Camarco (Financial PR)          Tel: [phone] 
 Billy Clegg, Georgia Edmonds, 
  Owen Roberts 
 
 
 
 

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January 21, 2019 02:00 ET (07:00 GMT)