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UJO Union Jack Oil Plc

26.50
-0.25 (-0.93%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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

Union Jack Oil PLC Grant of Options (0438G)

19/07/2019 7:00am

UK Regulatory


Union Jack Oil (LSE:UJO)
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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.

END

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July 19, 2019 02:00 ET (06:00 GMT)

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