United Oil & Gas PLC Director/PDMR Shareholding (3620Z)

TIDMUOG

RNS Number : 3620Z

United Oil & Gas PLC

21 May 2021

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

21 May 2021

United Oil & Gas PLC

("United" or the "Company")

Director / PDMR Shareholding

United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announces that further to the "Exercise of Warrants and Total Voting Rights, Significant Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021 :

- Following Admission the shareholding of Mr Larkin, the Company's CEO, increased by 9,755,690 ordinary shares. Mr Larkin subsequently sold 3,312,012 ordinary shares at GBP0.0425 per share to fund the subscription of the warrants and accordingly he now has an interest in 16,199,369 ordinary shares representing approximately 2.51% of the Company's enlarged issued share capital; and

- Following Admission the shareholding of Mr Leather, the Company's COO, increased by 4,877,810 ordinary shares. Mr Leather subsequently sold 1,655,994 ordinary shares at GBP0.0425 per share to fund the subscription price of the warrants and accordingly he now has an interest in 8,099,626 ordinary shares representing approximately 1.26% of the Company's enlarged issued share capital.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as given to them in the "Exercise of Warrants and Total Voting Rights, Shareholding increases for Executive Directors Brian Larkin and Jonathan Leather" announcement of 17 May 2021.

The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 ("MAR") as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

 
United Oil & Gas Plc (Company) 
Brian Larkin, CEO                            [e-mail] 
Beaumont Cornish Limited (Nominated 
 Adviser) 
Roland Cornish and Felicity Geidt            [phone] 
Optiva Securities Limited (Broker) 
Christian Dennis                             [phone] 
Murray (PR Advisor)                          [phone] 
Joe Heron                                    [e-mail] 
Camarco (Financial PR/IR) 
Billy Clegg                                  [phone] 
 Georgia Edmonds                              [e-mail] 
 James Crothers 
 

Notes to Editors

United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production and development assets across Egypt, UK, Italy and a high impact exploration licence in Jamaica.

The Company is led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players and well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit https://www.uogplc.com/

Appendix 1 - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                        Brian Larkin 
     --------------------------  --------------------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------------------- 
 a)   Position / status           CEO 
     --------------------------  --------------------------------------------------- 
 b)   I nitial notification       Initial notification 
       /Amendment 
     --------------------------  --------------------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ion plat for m, au ction eer or auc tion monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                        United Oil & Gas Plc 
     --------------------------  --------------------------------------------------- 
 b)   LEI                         213800WZWERBFYBQ9J17 
     --------------------------  --------------------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type of instr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ------------------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of GBP0.01 each 
       financial instrument, 
       t ype of instrument         ISIN: GB00BYX0MB92 
       I d e ntification 
       code 
     --------------------------  --------------------------------------------------- 
      Nature of the transaction   (a) exercise of 9,755,690 warrants at GBP0.0142857 
                                   per warrant share 
                                   (b) sale of 3,312,012 ordinary shares at 
                                   GBP0.0425 per ordinary share 
     --------------------------  --------------------------------------------------- 
      Price(s) and volumes(s)             Price(s)        Volumes(s) 
                                    (a)    GBP0.0142857    9,755,690 
                                          --------------  ----------- 
                                    (b)    GBP0.0425       3,312,012 
                                          --------------  ----------- 
     --------------------------  --------------------------------------------------- 
 d)   Aggregated information      N/A 
     --------------------------  --------------------------------------------------- 
 e)   Date of the transaction     2021-05-20 
     --------------------------  --------------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------------- 
 
 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                        Jonathan Leather 
     --------------------------  --------------------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------------------- 
 a)   Position / status           COO 
     --------------------------  --------------------------------------------------- 
 b)   I nitial notification       Initial notification 
       /Amendment 
     --------------------------  --------------------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ion plat for m, au ction eer or auc tion monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                        United Oil & Gas Plc 
     --------------------------  --------------------------------------------------- 
 b)   LEI                         213800WZWERBFYBQ9J17 
     --------------------------  --------------------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type of instr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ------------------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of GBP0.01 each 
       financial instrument, 
       t ype of instrument         ISIN: GB00BYX0MB92 
       I d e ntification 
       code 
     --------------------------  --------------------------------------------------- 
      Nature of the transaction   (a) exercise of warrants 4,877,810 at GBP0.0142857 
                                   per warrant share 
                                   (b) sale of 1,655,994 ordinary shares at 
                                   GBP0.0425 per ordinary share 
     --------------------------  --------------------------------------------------- 
      Price(s) and volumes(s)             Price(s)        Volumes(s) 
                                    (a)    GBP0.0142857    4,877,810 
                                          --------------  ----------- 
                                    (b)    GBP0.0425       1,655,994 
                                          --------------  ----------- 
     --------------------------  --------------------------------------------------- 
 d)   Aggregated information      N/A 
     --------------------------  --------------------------------------------------- 
 e)   Date of the transaction     2021-05-20 
     --------------------------  --------------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------------- 
 

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May 21, 2021 02:00 ET (06:00 GMT)