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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 0.32% | 155.00 | 153.00 | 157.00 | 155.00 | 154.50 | 155.00 | 46,438 | 15:45:59 |
| 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 2019 to Apr 2024
TIDMJOG
RNS Number : 1338D
Jersey Oil and Gas PLC
29 January 2018
29 January 2018
Jersey Oil and Gas plc
("Jersey Oil and Gas" or the "Company")
Grant of Share Options
Jersey Oil and Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces that it has today granted options over, in aggregate, 770,000 ordinary shares of 1p each in the share capital of the Company to its directors, senior management and employees at an exercise price of 200 pence per share (the "Options"), being the same price as the Company's last successful fundraising completed on 9 November 2017 (the "Fundraising")
As set out in the circular to shareholders of 24 October 2017 in respect of the Fundraising and further to, inter alia, the farm-out to Statoil (U.K.) Limited of an interest in, and the subsequent oil discovery at, Verbier (UK Seaward Licence P.2170, Blocks 20/5b & 21/1d), the Remuneration Committee has considered suitable grants of options to Executive Directors having regard to the Company's progress to date. These option awards were approved by the Remuneration Committee, as part of the Company's annual pay review completed in December 2017, under the Jersey Oil and Gas plc 2016 Enterprise Management Incentive and Unapproved Share Option Plan.
The Company has been in a close period with respect to dealings in its own shares for much of the time since completion of the Fundraising and the above-mentioned pay review such that today represents the first practical opportunity to grant these Options as further detailed below.
Executive Directors
The following new Options have been granted to executive directors of the Company:
Hot Features
Premium
Name Position Number Exercise Exercise Total
Of New Price Period Options
Options Per Share Held Following
Granted (pence) This Grant
------------------ ----------------- --------- ----------- --------- ----------------
Chief Executive
Andrew Benitz Officer 180,000 200 7 years 360,000
------------------ ----------------- --------- ----------- --------- ----------------
Chief Operating
Ronald Lansdell Officer 180,000 200 7 years 360,000
------------------ ----------------- --------- ----------- --------- ----------------
Scott Richardson Chief Financial
Brown Officer 120,000 200 7 years 250,000
------------------ ----------------- --------- ----------- --------- ----------------
All the Options set out in the table above for Executive Directors vest entirely on the third anniversary of their date of grant 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 Options are exercisable at any time between the third and seventh anniversaries of their date of grant and if not exercised by that date, will lapse.
Non-Executive Directors
The following new Options have been granted to non-executive directors of the Company:
Name Position Number Exercise Exercise Total Options
Of New Price Period Held Following
Options Per Share This Grant
Granted (pence)
------------- --------------- --------- ----------- --------- ----------------
Marcus Non-Executive
Stanton Chairman 40,000 200 5 years 81,570
------------- --------------- --------- ----------- --------- ----------------
Non-Executive
Frank Moxon Director 20,000 200 5 years 40,000
------------- --------------- --------- ----------- --------- ----------------
All the Options set out in the table above for such Non-Executive Directors vest entirely on the third anniversary of their date of grant, have no performance conditions and are exercisable, in whole or in part, at any time between the third and fifth anniversaries of their date of grant, and if not exercised by that date, will lapse.
The number of Options granted to each of Marcus Stanton (Non-Executive Chairman) and Frank Moxon (Non-Executive Director) has been capped, based on their respective salary levels.
Senior Management and Employees
A further 230,000 Options, in aggregate, have been granted to certain other members of senior management and employees at the same exercise price of 200 pence per share.
Enquiries:
Jersey Oil and Andrew Benitz, C/o Camarco:
Gas plc CEO Tel: 020 3757 4983
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Arden Partners Chris Hardie Tel: 020 7614 5900
plc Benjamin Cryer
BMO Capital Markets Neil Haycock Tel: 020 7236 1010
Limited Thomas Rider
Camarco Billy Clegg Tel: 020 3757 4983
Georgia Edmonds
James Crothers
Notes to Editors:
Jersey Oil & Gas is a UK E&P Company focused on building a production focused company in the North Sea. The Company owns an 18 per cent. interest in the P.2170 "Verbier" licence, Blocks 20/5b & 21/1d, Inner Moray Firth in which the operator Statoil (U.K.) Limited owns a 70% interest and CIECO V&C (UK) Limited owns a 12% interest.
The Company plans to build a production portfolio via acquisitions coinciding with the cyclical recovery in the oil price and the current opportune buying market in the North Sea. The Company is involved in multiple sales processes and intends to draw on its management team's considerable experience, knowledge and expertise to deliver shareholder value from its stated production acquisition strategy.
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 ("MAR").
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 Options over ordinary shares
Financial instrument, of 1 pence each in the Company
type of instrument
--- ------------------------------- -----------------------------------
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)
200p 180,000
--- ------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 29 January 2018
--- ------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Ronald Lansdell
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status Chief Operating 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 Options over ordinary shares
Financial instrument, of 1 pence each in the Company
type of instrument
--- ------------------------------- -----------------------------------
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)
200p 180,000
--- ------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 29 January 2018
--- ------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Scott Richardson Brown
--- ------------------------------- -----------------------------------
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 Options over ordinary shares
Financial instrument, of 1 pence each in the Company
type of instrument
--- ------------------------------- -----------------------------------
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)
200p 120,000
--- ------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 29 January 2018
--- ------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- -----------------------------------
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 Chairman (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 Options over ordinary shares
Financial instrument, of 1 pence each in the Company
type of instrument
--- ------------------------------- ----------------------------------
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)
200p 40,000
--- ------------------------------- ----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 29 January 2018
--- ------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- ----------------------------------
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 Options over ordinary shares
Financial instrument, of 1 pence each in the Company
type of instrument
--- ------------------------------- ----------------------------------
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)
200p 20,000
--- ------------------------------- ----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 29 January 2018
--- ------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHFKFDQBBKBKDB
(END) Dow Jones Newswires
January 29, 2018 02:30 ET (07:30 GMT)
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