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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jersey Oil And Gas Plc | LSE:JOG | London | Ordinary Share | GB00BYN5YK77 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 0.65% | 155.00 | 154.00 | 156.00 | 155.00 | 154.00 | 154.00 | 18,606 | 11:26:14 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 0 | -3.11M | -0.0954 | -16.25 | 50.46M |
From Apr 2022 to Apr 2024
TIDMJOG
RNS Number : 9802J
Jersey Oil and Gas PLC
03 May 2022
3 May 2022
Jersey Oil and Gas plc
("Jersey Oil & Gas" or the "Company")
Grant of Share Options
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces that, on 29 April 2022, it granted options over, in aggregate, 990,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to directors, senior management and employees at an exercise price of 230 pence per Ordinary Share (the "Options"), being the middle market closing price on 29 April 2022, the latest practicable date prior to this announcement.
Accordingly, a total of 3,594,002 option awards are outstanding following these latest grants, which represents approximately 11.0 per cent. of the Company's existing issued share capital of 32,554,293 Ordinary Shares.
Executive Directors
The following new Options have been granted to Executive Directors and/or Officers of the Company:
Hot Features
Premium
Name Position Number Exercise Exercise Total Options
of New Price Per Period Held Following
Options Ordinary This Grant
Granted Share (pence)
Chief Executive
Andrew Benitz Officer 290,000 230 7 years 650,000
------------------ --------- --------------- --------- ----------------
Chief Financial
Graham Forbes Officer 150,000 230 7 years 500,000
------------------ --------- --------------- --------- ----------------
Chief Commercial
Richard Smith Officer 150,000 230 7 years 500,000
------------------ --------- --------------- --------- ----------------
The new Options set out in the table above for Executive Directors and/or Officer's all vest in three equal tranches (one, two and three years from the date of grant) and are subject to the satisfaction of certain performance conditions to be determined and interpreted at the discretion of the Remuneration Committee. Subject to vesting and such performance conditions being met, the new Options are exercisable for up to seven years from their date of grant and will lapse if not exercised by such date.
Non-Executive Directors
The following new Options have been granted to Non-Executive Directors of the Company:
Name Position Number of Exercise Exercise Total Options
New Options Price Per Period Held Following
Granted Ordinary This Grant
Share (pence)
Non-Executive
Les Thomas Chairman 75,000 230 5 years 75,000
--------------- ------------- --------------- --------- ----------------
Non-Executive
Marcus Stanton Director 30,000 230 5 years 110,000
--------------- ------------- --------------- --------- ----------------
Non-Executive
Frank Moxon Director 30,000 230 5 years 80,000
--------------- ------------- --------------- --------- ----------------
The new Options set out in the table above for Non-Executive Directors all vest in three equal tranches (one, two and three years from the date of grant) and have no performance conditions. Subject to vesting, the new Options are exercisable for up to five years from their date of grant and will lapse if not exercised by such date.
Senior Management and Employees
A further 265,000 new Options, in aggregate, have been granted to certain other members of senior management and employees at the same exercise price of 230 pence per Ordinary Share.
Enquiries :
Jersey Oil and Gas Andrew Benitz, CEO C/o Camarco:
plc Tel: 020 3757 4983
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Arden Partners plc Paul Shackleton Tel: 020 7614 5900
finnCap Ltd Christopher Raggett Tel: 020 7220 0500
Tim Redfern
Camarco Billy Clegg Tel: 020 3757 4983
James Crothers
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
PDMR Notification Forms :
The notifications below are made in accordance with the requirements of MAR.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Benitz
-------------------------------- --------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer (Director)
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Jersey Oil & Gas plc
-------------------------------- --------------------------------------
b) LEI 213800RIR1SZC1734G32
-------------------------------- --------------------------------------
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 Options over ordinary shares of 1
instrument, type of instrument pence each in the Company
-------------------------------- --------------------------------------
Identification code GB00BYN5YK77
-------------------------------- --------------------------------------
b) Nature of the Transaction Grant of Options over ordinary shares
of 1 pence each in the Company
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
230p 290,000
-------------------------------- --------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- --------------------------------------
e) Date of the transaction 29 April 2022
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Les Thomas
-------------------------------- --------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Chairman
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Jersey Oil & Gas plc
-------------------------------- --------------------------------------
b) LEI 213800RIR1SZC1734G32
-------------------------------- --------------------------------------
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 Options over ordinary shares of 1
instrument, type of instrument pence each in the Company
-------------------------------- --------------------------------------
Identification code GB00BYN5YK77
-------------------------------- --------------------------------------
b) Nature of the Transaction Grant of Options over ordinary shares
of 1 pence each in the Company
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
230p 75,000
-------------------------------- --------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- --------------------------------------
e) Date of the transaction 29 April 2022
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Marcus Stanton
-------------------------------- --------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Non-Executive (Director)
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Jersey Oil & Gas plc
-------------------------------- --------------------------------------
b) LEI 213800RIR1SZC1734G32
-------------------------------- --------------------------------------
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 Options over ordinary shares of 1
instrument, type of instrument pence each in the Company
-------------------------------- --------------------------------------
Identification code GB00BYN5YK77
-------------------------------- --------------------------------------
b) Nature of the Transaction Grant of Options over ordinary shares
of 1 pence each in the Company
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
230p 30,000
-------------------------------- --------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- --------------------------------------
e) Date of the transaction 29 April 2022
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Frank Moxon
-------------------------------- --------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Non-Executive Director (Director)
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Jersey Oil & Gas plc
-------------------------------- --------------------------------------
b) LEI 213800RIR1SZC1734G32
-------------------------------- --------------------------------------
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 Options over ordinary shares of 1
instrument, type of instrument pence each in the Company
-------------------------------- --------------------------------------
Identification code GB00BYN5YK77
-------------------------------- --------------------------------------
b) Nature of the Transaction Grant of Options over ordinary shares
of 1 pence each in the Company
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
230p 30,000
-------------------------------- --------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- --------------------------------------
e) Date of the transaction 29 April 2022
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Graham Forbes
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Chief Financial Officer (Director)
-------------------------------- -----------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Jersey Oil & Gas plc
-------------------------------- -----------------------------------
b) LEI 213800RIR1SZC1734G32
-------------------------------- -----------------------------------
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 Options over ordinary shares
instrument, type of instrument of 1 penny each in the Company
-------------------------------- -----------------------------------
Identification code GB00BYN5YK77
-------------------------------- -----------------------------------
b) Nature of the Transaction Grant of Options over ordinary
shares of 1 penny each in the
Company
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
230p 150,000
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------
e) Date of the transaction 29 April 2022
-------------------------------- -----------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Smith
--------------------------------- --------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Commercial Officer
--------------------------------- --------------------------------
b) Initial notification/amendment Initial notification
--------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Jersey Oil & Gas plc
--------------------------------- --------------------------------
b) LEI 213800RIR1SZC1734G32
--------------------------------- --------------------------------
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 Options over ordinary shares
instrument, type of instrument of 1 penny each in the Company
--------------------------------- --------------------------------
Identification code GB00BYN5YK77
--------------------------------- --------------------------------
b) Nature of the Transaction Grant of Options over ordinary
shares of 1 penny each in the
Company
--------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
230p 150,000
--------------------------------- --------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
--------------------------------- --------------------------------
e) Date of the transaction 29 April 2022
--------------------------------- --------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- --------------------------------
END
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END
DSHSSSFUEEESELI
(END) Dow Jones Newswires
May 03, 2022 02:01 ET (06:01 GMT)
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