TomCo Energy PLC Director/PDMR Shareholding (9178B)

TIDMTOM

RNS Number : 9178B

TomCo Energy PLC

15 January 2018

15 January 2018

TomCo Energy plc (AIM: TOM)

("TomCo" or the "Company")

Director/PDMR Shareholding

The Company announces that it was informed on 11 January 2018 that, on 13 December 2017, Mr Chris Brown, Chief Executive of the Company, acquired 3,943,200 ordinary shares of nil par value in the Company ("Ordinary Shares") at a price of 3.875 pence per Ordinary Share from Kenglo One Ltd ("Kenglo"). Mr Brown was previously an indirect beneficiary of Kenglo, being the life tenant and settlor of Kenglo's ultimate shareholder, the BBCK Settlement Trust. Accordingly, following the transfer, Mr Brown directly holds the legal and beneficial title of all of the Ordinary Shares previously held by Kenglo.

As a result of the acquisition, Mr Brown is now directly interested in, in aggregate, 19.56% of the issued share capital of the Company. Mr Brown also holds 857,200 warrants over Ordinary Shares with an exercise price of 21.25 pence and expiring on 1 September 2018. In addition, as announced on 2 January 2018, the Company has an unsecured loan of GBP100,000 outstanding to Mr Brown.

PDMR notification:

The notification below is made in accordance with the requirements of Market Abuse Regulation:

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                             Chris Brown 
---  -------------------------------  ---------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------- 
 a)   Position/status                  Director 
---  -------------------------------  ---------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ---------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                             TomCo Energy plc 
---  -------------------------------  ---------------------------- 
 b)   LEI                              213800FEW97Y1CD38B95 
---  -------------------------------  ---------------------------- 
 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               Ordinary shares of nil par 
       Financial instrument,            value 
       type of instrument 
---  -------------------------------  ---------------------------- 
      Identification code              IM00BZBXMN96 
---  -------------------------------  ---------------------------- 
 b)   Nature of the Transaction        Purchase of ordinary shares 
---  -------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)            Price(s)       Volume(s) 
                                        -------------  ---------- 
                                         3.875 pence    3,943,200 
                                        -------------  ---------- 
---  -------------------------------  ---------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  ---------------------------- 
 e)   Date of the transaction          13 December 2017 
---  -------------------------------  ---------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
                                        Market (XLON) 
---  -------------------------------  ---------------------------- 
 

Enquiries:

For further information, please visit www.tomcoenergy.uk.com or contact:

TomCo Energy plc

Contact:

   Telephone:                                          [phone] 
   Andrew Jones (Chairman)                  [e-mail] 
   Strand Hanson                                  (Nominated Adviser) 

Contact:

   James Harris / Richard Tulloch          [phone] 
   SVS Securities plc                            (Broker) 

Contact:

   Tom Curran / Ben Tadd                      [phone] 

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").

- ENDS -

This information is provided by RNS

The company news service from the London Stock Exchange

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January 15, 2018 10:00 ET (15:00 GMT)