United Oil & Gas PLC Issue of options (3799K)

TIDMUOG

RNS Number : 3799K

United Oil & Gas PLC

04 January 2021

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

United Oil & Gas Plc

('United' or 'the Company')

Issue of Share Options

Director/PDMR Shareholding

4 January 2021

The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, the growing oil and gas company with a portfolio of production, development and exploration assets, has awarded the following options (the "Share Options") to Non-Executive Director, Tom Hickey :

 
 Director / PDMR    Position         Options Awarded   Total Options 
                                                                Held 
                    Non-Executive 
 Tom Hickey          Director              1,342,282       1,342,282 
                   ---------------  ----------------  -------------- 
 

The Share Options relate to a contractual award on commencement of employment.

The Share Options are awarded with the following terms and conditions:

(a) an exercise price of 2.98 pence;

(b) a vesting period of three years from the date of grant;

   (c)   an expiry date of 3 January September 2031. 

The total options in issue post the award of Share Options outlined above will be 48,109,973 or 7.70% of the issued share capital of 625,153,969 shares.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).

**ENDS**

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of t he p erson disc harging managerial responsibilities 
       / p erson closely associated 
 a)   Name                         Tom Hickey 
     ---------------------------  -------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Non-Executive Director 
     ---------------------------  -------------------------------------- 
 b)   I nitial notification        Initial 
       /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           Options over ordinary shares of 1 
       financial instrument,        pence each in United Oil & Gas plc 
       t ype of instrument          with vesting for three years from 
                                    date of grant, and expiry date of 
                                    3 January 2031 
       I d e ntification 
       code 
                                    ISIN GB00BYX0MB92 
     ---------------------------  -------------------------------------- 
      Nature of the transaction    Award of options pursuant to contract 
                                    of employment 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volumes(s)        Price(s)          Volumes(s) 
                                      Exercise price 
                                       of 2.98 pence    1,342,282 
                                                       ----------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information       n/a 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      4(th) January 2021 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  -------------------------------------- 
 

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END

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January 04, 2021 02:00 ET (07:00 GMT)