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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Union Jack Oil Plc | LSE:UJO | London | Ordinary Share | GB00BLH1S316 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -0.93% | 26.50 | 26.00 | 27.00 | 27.00 | 26.50 | 26.75 | 348,098 | 16:28:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 8.51M | 3.61M | 0.0320 | 8.28 | 29.87M |
TIDMUJO
RNS Number : 0438G
Union Jack Oil PLC
19 July 2019
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
19 July 2019
Union Jack Oil plc
("Union Jack" or the "Company")
Grant of Options
Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon production, development and exploration company, announces the following grants of options:
-- 120,000,000 Share Options to David Bramhill, Executive Chairman; -- 30,000,000 Share Options to Raymond Godson, Non-Executive Director; -- 80,000,000 Share Options to Graham Bull, Non-Executive Director, and -- 30,000,000 Share Options to Matthew Small, Company Secretary.
The Share Options have an exercise price of 0.265p, being the mid-market closing price on 18 July 2019.
The vesting date is 19 July 2022 and the exercise period expires on 19 July 2029. The Share Options can only be exercised if the share price is at a 30% premium to the exercise price.
Following the grants of the Share Options, the Directors' interests in the Company are as follows:
Director Shareholding % Share options Exercise Vesting period price D Bramhill 63,929,285 0.5 120,000,000 0.09p 18.7.21-19.7.28 120,000,000 0.265p 19.7.22-18.7.29 ------------- ----- -------------- --------- ----------------- J O'Farrell 242,399,473 2.0 60,000,000 0.09p 18.7.21-18.7.28 ------------- ----- -------------- --------- ----------------- R Godson 48,411,764 0.4 30,000,000 0.11p 7.11.21-7.11.28 30,000,000 0.265p 19.7.22-18.7.29 ------------- ----- -------------- --------- ----------------- G Bull 4,000,000 0.03 30,000,000 0.11p 7.11.21-7.11.28 80,000,000 0.265p 19.7.22-18.7.29 ------------- ----- -------------- --------- -----------------
The number of Share Options being granted is 260,000,000, which is 2.1% of the number of shares currently in issue.
Related Party Transaction
The grant of the options is a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies.
Joseph O'Farrell, being an independent director, considers, having consulted the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.
PDMR Notification
1. Details of the person discharging managerial responsibilities/person closely associated (a) Full name of person Dealing Raymond George Godson ----------------------------------------- ------------------------------------------ 2. Reason for 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 of entity Union Jack Oil plc ----------------------------------------- ------------------------------------------ (b) LEI 2138005VW7IUUUPY5Q88 ----------------------------------------- ------------------------------------------ 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 instrument, Options over ordinary type of instrument shares of 0.025 pence each in the Company ----------------------------------------- ------------------------------------------ (b) Identification code GB00B814XC94 ----------------------------------------- ------------------------------------------ (c) Nature of the transaction Grant of options over ordinary shares ----------------------------------------- ------------------------------------------ (d) Price and volume Price Volume 0.265 pence 30,000,000 ----------- ----------------------------------------- ------------------------------------------ (e) Aggregated information: Single transaction - Aggregated volume as in 4(d) above Price Volume - Price 0.265 pence 30,000,000 ----------- ----------------------------------------- ------------------------------------------ (f) Date of transaction 19 July 2019 ----------------------------------------- ------------------------------------------ (g) Place of transaction Outside a trading venue ----------------------------------------- ------------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities/person closely associated (a) Full name of person Dealing Graham Bull ----------------------------------------- --------------------------------------- 2. Reason for 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 of entity Union Jack Oil plc ----------------------------------------- --------------------------------------- (b) LEI 2138005VW7IUUUPY5Q88 ----------------------------------------- --------------------------------------- 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 instrument, Options over ordinary type of instrument shares of 0.025 pence each in the Company ----------------------------------------- --------------------------------------- (b) Identification code GB00B814XC94 ----------------------------------------- --------------------------------------- (c) Nature of the transaction Grant of options over ordinary shares ----------------------------------------- --------------------------------------- (d) Price and volume Price Volume 0.265 pence 80,000,000 ----------- ----------------------------------------- --------------------------------------- (e) Aggregated information: Single transaction as - Aggregated volume in 4(d) above Price Volume - Price 0.265 pence 80,000,000 ----------- ----------------------------------------- --------------------------------------- (f) Date of transaction 19 July 2019 ----------------------------------------- --------------------------------------- (g) Place of transaction Outside a trading venue ----------------------------------------- ---------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities/person closely associated (a) Full name of person Dealing Matthew Small ----------------------------------------- ------------------------------------------ 2. Reason for notification ------------------------------------------------------------------------------------- (a) Position/status Company Secretary ----------------------------------------- ------------------------------------------ (b) Initial notification/ Amendment Initial notification ----------------------------------------- ------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------- (a) Name of entity Union Jack Oil plc ----------------------------------------- ------------------------------------------ (b) LEI 2138005VW7IUUUPY5Q88 ----------------------------------------- ------------------------------------------ 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 instrument, Options over ordinary type of instrument shares of 0.025 pence each in the Company ----------------------------------------- ------------------------------------------ (b) Identification code GB00B814XC94 ----------------------------------------- ------------------------------------------ (c) Nature of the transaction Grant of options over ordinary shares ----------------------------------------- ------------------------------------------ (d) Price and volume Price Volume 0.265 pence 30,000,000 ----------- ----------------------------------------- ------------------------------------------ (e) Aggregated information: Single transaction - Aggregated volume as in 4(d) above Price Volume - Price 0.265 pence 30,000,000 ----------- ----------------------------------------- ------------------------------------------ (f) Date of transaction 19 July 2019 ----------------------------------------- ------------------------------------------ (g) Place of transaction Outside a trading venue ----------------------------------------- ------------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities/person closely associated (a) Full name of person Dealing David Roger Bramhill ----------------------------------------- ------------------------------------------ 2. Reason for notification ------------------------------------------------------------------------------------- (a) Position/status Executive Chairman ----------------------------------------- ------------------------------------------ (b) Initial notification/ Amendment Initial notification ----------------------------------------- ------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------- (a) Name of entity Union Jack Oil plc ----------------------------------------- ------------------------------------------ (b) LEI 2138005VW7IUUUPY5Q88 ----------------------------------------- ------------------------------------------ 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 instrument, Options over ordinary type of instrument shares of 0.025 pence each in the Company ----------------------------------------- ------------------------------------------ (b) Identification code GB00B814XC94 ----------------------------------------- ------------------------------------------ (c) Nature of the transaction Grant of options over ordinary shares ----------------------------------------- ------------------------------------------ (d) Price and volume Price Volume 0.265 pence 120,000,000 ------------ ----------------------------------------- ------------------------------------------ (e) Aggregated information: Single transaction - Aggregated volume as in 4(d) above Price Volume - Price 0.265 pence 120,000,000 ------------ ----------------------------------------- ------------------------------------------ (f) Date of transaction 19 July 2019 ----------------------------------------- ------------------------------------------ (g) Place of transaction Outside a trading venue ----------------------------------------- ------------------------------------------
For further information please contact the following:
Union Jack Oil plc +44 (0)7787 160 682 David Bramhill SP Angel Corporate Finance LLP +44 (0)20 3470 0470 Nominated Adviser Lindsay Mair Richard Hail
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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