Victoria Oil & Gas PLC PDMR Shareholding & Deferred Shares Bonus Awards (4752H)
June 08 2017 - 2:01AM
UK Regulatory
TIDMVOG
RNS Number : 4752H
Victoria Oil & Gas PLC
08 June 2017
Victoria Oil & Gas PLC (AIM: VOG)
8 June 2017
Victoria Oil & Gas Plc ("VOG" or "the Company")
PDMR Shareholding
Deferred Shares Bonus Awards
Victoria Oil & Gas Plc announces that on 7 June 2017, bonus
awards of 880,121 ordinary shares of 0.5p in the Company ("Ordinary
Shares") in aggregate were granted to the Executive Directors under
the Company's Annual Bonus Plan for the year ended 31 December
2016.
Half of the bonus awards will vest on 1 January 2018 and the
remaining half on 1 January 2019. The Ordinary Shares are to be
issued in lieu of cash bonuses at 41.5p per share, the volume
weighted average price for the period 1 January 2016 to 28 April
2017.
The below notification, made in accordance with the requirements
of article 19.3 of the EU Market Abuse Regulation, gives further
details:
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name 1. Kevin Foo
2. Ahmet Dik
3. Andrew Diamond
---- ------------------------- -------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status 1. Executive Chairman
2. Chief Executive Officer
3. Finance Director
---- ------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name Victoria Oil & Gas plc
---- ------------------------- -------------------------------------------
b) LEI 213800JHNB148AXECS22
---- ------------------------- -------------------------------------------
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
---- ----------------------------------------------------------------------
Transaction
1
---- ------------------------- -------------------------------------------
a) Description Ordinary shares of 0.5p each
of the financial
instrument,
type of instrument
---- ------------------------- -------------------------------------------
Identification GB00BRWR3752
code
b) Nature of Nil cost share-based awards made
the transaction to the Executive Directors under
the Victoria Oil & Gas plc Annual
Bonus Scheme, half of which will
vest on 1 January 2018 and the
remaining half on 1 January 2019.
---- ------------------------- -------------------------------------------
c) Price(s)
and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
Nil 240,964
433,735
205,422
----------------------------------------------------- --------------
d) Aggregated
information
----
- Aggregated 880,121
volume
- Price Nil
e) Date of the 7 June 2017
transaction
---- ------------------------- -------------------------------------------
f) Place of Outside of a main market
the transaction
---- ------------------------- -------------------------------------------
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Kevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820
Strand Hanson Limited (NOMAD)
Rory Murphy / Stuart Faulkner / James Dance Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / David van Erp Tel: +44 (0) 207 448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 203 757 4983
Nick Hennis Tel: +44 (0) 203 781 8330
This announcement contains inside information
This information is provided by RNS
The company news service from the London Stock Exchange
END
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