TIDMDGO

RNS Number : 0554V

Dragon Oil PLC

22 October 2014

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.

All relevant boxes should be completed in block capital letters.

 
      Name of the Issuer                   Name of person discharging 
                                            managerial responsibilities 
 
 1     Dragon Oil plc                 2     Abdul Jaleel Al Khalifa 
---  ------------------------------  ---  ---------------------------------- 
      State whether notification           Indicate whether the notification 
       relates to a person                  is in respect of a holding 
       closely associated                   of the person referred 
       with a person discharging            to in 2 or 3 above or 
       managerial responsibilities          in respect of a non-beneficial 
       named in 2 and identify              interest 
       the connected person 
                                            Notification is in respect 
 3     No                             4     of Abdul Jaleel Al Khalifa 
---  ------------------------------  ---  ---------------------------------- 
                                           Name of registered shareholder(s) 
                                            and, if more than one, 
                                            number of shares or derivatives 
                                            or other financial instruments 
      Description of shares                 linked to them, held by 
       or derivatives or other              each shareholder 
       financial instruments 
       linked to them                       Abdul Jaleel Al Khalifa: 
                                            440,000 options over Ordinary 
                                            Shares 
       ordinary shares of 
       EUR0.10 each in the                  Dragon Oil Employee Share 
       capital of Dragon Oil                Purchase Plan: 6,126 Ordinary 
 5     Plc                            6     shares 
---  ------------------------------  ---  ---------------------------------- 
      State the nature of 
       the transaction 
 
       Award in the form of                Number of shares, derivatives 
       conditional share awards             or other financial instruments 
       over ordinary shares                 linked to them acquired 
       of EUR0.10 each in 
       the capital of Dragon                Up to 103,948 conditional 
 7     Oil Plc                        8     share awards 
---  ------------------------------  ---  ---------------------------------- 
                                           Price per share or derivative 
      Number of shares, derivatives         or other financial instrument 
       or other financial                   linked to them or value 
       instruments linked                   of transaction 
       to them disposed of 
 
 9     N/A                            10    N/A 
---  ------------------------------  ---  ---------------------------------- 
      Date and place of transaction        Date issuer informed of 
                                            transaction 
       22 October 2014, Dubai, 
 11    UAE                            12    22 October 2014 
---  ------------------------------  ---  ---------------------------------- 
      Any additional information 
 
       The vesting of a conditional 
       share awards is subject 
       to the satisfaction 
       of performance conditions 
       set by the Remuneration 
       Committee of Dragon 
       Oil Plc (the "Remuneration 
       Committee"). An award 
       will normally vest 
       on the later of the 
       third anniversary of 
       grant and the determination 
       of the performance 
       conditions, subject 
       to continued service. 
       At the vesting of an 
       Award, the Remuneration 
       Committee may issue 
       and allot the relevant 
       number of Ordinary 
       Shares to the PDMR 
       or make a cash payment 
       equivalent to the market 
       value of such Ordinary 
       Shares. The cash payment 
       would be equivalent 
       to the relevant number 
       of Ordinary Shares 
       times the mid-market 
       price on the official 
       list of the London                  Name of contact and telephone 
       Stock Exchange of the                number for queries 
       Ordinary Shares on 
       the date of vesting                  Julian Hicks + 971 4 305 
 13    of such award.                 14    3651 
---  ------------------------------  ---  ---------------------------------- 
 
        Person authorised on behalf of the issuer responsible 
        for making the notification 
 
        Julian Hicks 
 
        Date of notification 
---  ----------------------------------------------------------------------- 
 

Information required under Irish Stock Exchange Listing Rule 6.10

The following additional information is required to be disclosed under ISE Listing Rule 6.10 in respect of interests in securities of a director or secretary or their connected persons. An issuer is not being required to submit the information below to the Central Bank in respect of any PDMR who is also a director/secretary/connected persons.

 
                                       State whether the notification 
                                        relates to a single 
      Name of director or               transaction being notified 
       secretary (if not                in accordance with the 
       required to be stated            Market Abuse Rules and 
       in box 2)                        ISE LR 6.10 
 
 15    Abdul Jaleel Al Khalifa    16    Single Transaction 
---  --------------------------  ---  ------------------------------- 
                                       Percentage of issued class 
      Description of class              acquired (treasury shares 
       of share                         of that class should not 
                                        be taken into account 
                                        when calculating percentage) 
       Ordinary shares of 
 17    EUR0.10 each               18    <0.01% 
---  --------------------------  ---  ------------------------------- 
                                       Total holding following 
                                        notification and total 
                                        percentage holding following 
                                        notification (any treasury 
                                        shares should not be taken 
                                        into account when calculating 
                                        percentage) 
 
                                        Abdul Jaleel Al Khalifa: 
                                        440,000 options over Ordinary 
                                        Shares 
 
                                        Dragon Oil Employee Share 
      Percentage of issued              Purchase Plan: 6,126 Ordinary 
       class disposed (treasury         shares 
       shares of that class 
       should not be taken              Abdul Jaleel Al Khalifa: 
       into account when                103,948 conditional share 
       calculating percentage)          awards (Dragon Oil Plc 
                                        2014 Long Term Incentive 
 19    N/A                        20    Plan) 
---  --------------------------  ---  ------------------------------- 
 

If a person whose interests are required to be disclosed under ISE Listing Rule 6.10 has been granted options by the issuer, please complete the following boxes:

 
                                      Period during which or 
                                       date on which it can be 
                                       exercised 
 
 21     N/A                      22    N/A 
---  -------------------------  ---  ----------------------------- 
      Total amount paid 
       (if any) for grant             Description of shares 
       of the option                   involved (class and number) 
 23    N/A                       24    N/A 
---  -------------------------  ---  ----------------------------- 
      Exercise price (if 
       fixed at time of grant) 
       or indication that 
       the price is to be             Total number of shares 
       fixed at the time               over which options are 
       of exercise                     held following notification 
 25    N/A                       26    N/A 
---  -------------------------  ---  ----------------------------- 
 
   Name and signature of duly designated officer of 
   issuer responsible for making notification 
 
   Julian Hicks 
 
   Date of notification 22 October 2014 
------------------------------------------------------------------ 
 

The duly designated officer of the issuer responsible for making this notification acknowledges and confirms that he/she is aware that the information as has been provided in response to the questions 15 to 26 above is not information which has been required by or which has been requested by the Central Bank, and is information which is required to be provided to the Irish Stock Exchange only.

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.

All relevant boxes should be completed in block capital letters.

 
      Name of the Issuer                   Name of person discharging 
                                            managerial responsibilities 
 
 1     Dragon Oil plc                 2     Emad Buhulaigah 
---  ------------------------------  ---  ---------------------------------- 
      State whether notification           Indicate whether the notification 
       relates to a person                  is in respect of a holding 
       closely associated                   of the person referred 
       with a person discharging            to in 2 or 3 above or 
       managerial responsibilities          in respect of a non-beneficial 
       named in 2 and identify              interest 
       the connected person 
                                            Notification is in respect 
 3     NO                             4     of Emad Buhulaigah 
---  ------------------------------  ---  ---------------------------------- 
                                           Name of registered shareholder(s) 
                                            and, if more than one, 
                                            number of shares or derivatives 
                                            or other financial instruments 
      Description of shares                 linked to them, held by 
       or derivatives or other              each shareholder 
       financial instruments 
       linked to them                       Emad Buhulaigah: 300,000 
                                            options over Ordinary 
                                            Shares 
       ordinary shares of 
       EUR0.10 each in the                  Dragon Oil Employee Share 
       capital of Dragon Oil                Purchase Plan: 6,328 Ordinary 
 5     Plc                            6     shares 
---  ------------------------------  ---  ---------------------------------- 
      State the nature of 
       the transaction 
 
       Award in the form of                Number of shares, derivatives 
       conditional share awards             or other financial instruments 
       over ordinary shares                 linked to them acquired 
       of EUR0.10 each in 
       the capital of Dragon                Up to 43,257 conditional 
 7     Oil Plc                        8     share awards 
---  ------------------------------  ---  ---------------------------------- 
                                           Price per share or derivative 
      Number of shares, derivatives         or other financial instrument 
       or other financial                   linked to them or value 
       instruments linked                   of transaction 
       to them disposed of 
 
 9     N/A                            10    N/A 
---  ------------------------------  ---  ---------------------------------- 
      Date and place of transaction        Date issuer informed of 
                                            transaction 
       22 October 2014, Dubai, 
 11    UAE                            12    22 October 2014 
---  ------------------------------  ---  ---------------------------------- 
      Any additional information 
 
       The vesting of a conditional 
       share awards is subject 
       to the satisfaction 
       of performance conditions 
       set by the Remuneration 
       Committee of Dragon 
       Oil Plc (the "Remuneration 
       Committee"). An award 
       will normally vest 
       on the later of the 
       third anniversary of 
       grant and the determination 
       of the performance 
       conditions, subject 
       to continued service. 
       At the vesting of an 
       Award, the Remuneration 
       Committee may issue 
       and allot the relevant 
       number of Ordinary 
       Shares to the PDMR 
       or make a cash payment 
       equivalent to the market 
       value of such Ordinary 
       Shares. The cash payment 
       would be equivalent 
       to the relevant number 
       of Ordinary Shares 
       times the mid-market 
       price on the official 
       list of the London                  Name of contact and telephone 
       Stock Exchange of the                number for queries 
       Ordinary Shares on 
       the date of vesting                  Julian Hicks + 971 4 305 
 13    of such award.                 14    3651 
---  ------------------------------  ---  ---------------------------------- 
 
        Person authorised on behalf of the issuer responsible 
        for making the notification 
 
        Julian Hicks 
 
        Date of notification 
---  ----------------------------------------------------------------------- 
 

Information required under Irish Stock Exchange Listing Rule 6.10

The following additional information is required to be disclosed under ISE Listing Rule 6.10 in respect of interests in securities of a director or secretary or their connected persons. An issuer is not being required to submit the information below to the Central Bank in respect of any PDMR who is also a director/secretary/connected persons.

 
                                       State whether the notification 
                                        relates to a single 
      Name of director or               transaction being notified 
       secretary (if not                in accordance with the 
       required to be stated            Market Abuse Rules and 
       in box 2)                        ISE LR 6.10 
 
 15    Abdul Jaleel Al Khalifa    16    Single Transaction 
---  --------------------------  ---  ------------------------------- 
                                       Percentage of issued class 
      Description of class              acquired (treasury shares 
       of share                         of that class should not 
                                        be taken into account 
                                        when calculating percentage) 
       Ordinary shares of 
 17    EUR0.10 each               18    <0.01% 
---  --------------------------  ---  ------------------------------- 
                                       Total holding following 
                                        notification and total 
                                        percentage holding following 
                                        notification (any treasury 
                                        shares should not be taken 
                                        into account when calculating 
                                        percentage) 
 
                                        Emad Buhulaigah: 300,000 
                                        options over Ordinary 
                                        Shares 
 
      Percentage of issued              Dragon Oil Employee Share 
       class disposed (treasury         Purchase Plan: 6,328 Ordinary 
       shares of that class             shares 
       should not be taken 
       into account when                Emad Buhulaigah: 43,257 
       calculating percentage)          conditional share awards 
                                        (Dragon Oil Plc 2014 Long 
 19    N/A                        20    Term Incentive Plan) 
---  --------------------------  ---  ------------------------------- 
 

If a person whose interests are required to be disclosed under ISE Listing Rule 6.10 has been granted options by the issuer, please complete the following boxes:

 
                                      Period during which or 
                                       date on which it can be 
                                       exercised 
 
 21     N/A                      22    N/A 
---  -------------------------  ---  ----------------------------- 
      Total amount paid 
       (if any) for grant             Description of shares 
       of the option                   involved (class and number) 
 23    N/A                       24    N/A 
---  -------------------------  ---  ----------------------------- 
      Exercise price (if 
       fixed at time of grant) 
       or indication that 
       the price is to be             Total number of shares 
       fixed at the time               over which options are 
       of exercise                     held following notification 
 25    N/A                       26    N/A 
---  -------------------------  ---  ----------------------------- 
 
   Name and signature of duly designated officer of 
   issuer responsible for making notification 
 
   Julian Hicks 
 
   Date of notification 22 October 2014 
------------------------------------------------------------------ 
 

The duly designated officer of the issuer responsible for making this notification acknowledges and confirms that he/she is aware that the information as has been provided in response to the questions 15 to 26 above is not information which has been required by or which has been requested by the Central Bank, and is information which is required to be provided to the Irish Stock Exchange only.

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.

All relevant boxes should be completed in block capital letters.

 
      Name of the Issuer                   Name of person discharging 
                                            managerial responsibilities 
 
 1     Dragon Oil plc                 2     Hussain Al Ansari 
---  ------------------------------  ---  ---------------------------------- 
      State whether notification           Indicate whether the notification 
       relates to a person                  is in respect of a holding 
       closely associated                   of the person referred 
       with a person discharging            to in 2 or 3 above or 
       managerial responsibilities          in respect of a non-beneficial 
       named in 2 and identify              interest 
       the connected person 
                                            Notification is in respect 
 3     NO                             4     of Hussain Al Ansari 
---  ------------------------------  ---  ---------------------------------- 
                                           Name of registered shareholder(s) 
                                            and, if more than one, 
                                            number of shares or derivatives 
                                            or other financial instruments 
      Description of shares                 linked to them, held by 
       or derivatives or other              each shareholder 
       financial instruments 
       linked to them                       Hussain Al Ansari: 281,390 
                                            options over Ordinary 
                                            Shares 
       ordinary shares of 
       EUR0.10 each in the                  Dragon Oil Employee Share 
       capital of Dragon Oil                Purchase Plan: 
 5     Plc                            6     6,209 Ordinary shares 
---  ------------------------------  ---  ---------------------------------- 
      State the nature of 
       the transaction 
 
       Award in the form of                Number of shares, derivatives 
       conditional share awards             or other financial instruments 
       over ordinary shares                 linked to them acquired 
       of EUR0.10 each in 
       the capital of Dragon                Up to 52,056 conditional 
 7     Oil Plc                        8     share awards 
---  ------------------------------  ---  ---------------------------------- 
                                           Price per share or derivative 
      Number of shares, derivatives         or other financial instrument 
       or other financial                   linked to them or value 
       instruments linked                   of transaction 
       to them disposed of 
 
 9     N/A                            10    N/A 
---  ------------------------------  ---  ---------------------------------- 
      Date and place of transaction        Date issuer informed of 
                                            transaction 
       22 October 2014, Dubai, 
 11    UAE                            12    22 October 2014 
---  ------------------------------  ---  ---------------------------------- 
      Any additional information 
 
       The vesting of a conditional 
       share awards is subject 
       to the satisfaction 
       of performance conditions 
       set by the Remuneration 
       Committee of Dragon 
       Oil Plc (the "Remuneration 
       Committee"). An award 
       will normally vest 
       on the later of the 
       third anniversary of 
       grant and the determination 
       of the performance 
       conditions, subject 
       to continued service. 
       At the vesting of an 
       Award, the Remuneration 
       Committee may issue 
       and allot the relevant 
       number of Ordinary 
       Shares to the PDMR 
       or make a cash payment 
       equivalent to the market 
       value of such Ordinary 
       Shares. The cash payment 
       would be equivalent 
       to the relevant number 
       of Ordinary Shares 
       times the mid-market 
       price on the official 
       list of the London                  Name of contact and telephone 
       Stock Exchange of the                number for queries 
       Ordinary Shares on 
       the date of vesting                  Julian Hicks + 971 4 305 
 13    of such award.                 14    3651 
---  ------------------------------  ---  ---------------------------------- 
 
        Person authorised on behalf of the issuer responsible 
        for making the notification 
 
        Julian Hicks 
 
        Date of notification 
---  ----------------------------------------------------------------------- 
 

Information required under Irish Stock Exchange Listing Rule 6.10

The following additional information is required to be disclosed under ISE Listing Rule 6.10 in respect of interests in securities of a director or secretary or their connected persons. An issuer is not being required to submit the information below to the Central Bank in respect of any PDMR who is also a director/secretary/connected persons.

 
                                       State whether the notification 
                                        relates to a single 
      Name of director or               transaction being notified 
       secretary (if not                in accordance with the 
       required to be stated            Market Abuse Rules and 
       in box 2)                        ISE LR 6.10 
 
 15    Abdul Jaleel Al Khalifa    16    Single Transaction 
---  --------------------------  ---  ------------------------------- 
                                       Percentage of issued class 
      Description of class              acquired (treasury shares 
       of share                         of that class should not 
                                        be taken into account 
                                        when calculating percentage) 
       Ordinary shares of 
 17    EUR0.10 each               18    <0.01% 
---  --------------------------  ---  ------------------------------- 
                                       Total holding following 
                                        notification and total 
                                        percentage holding following 
                                        notification (any treasury 
                                        shares should not be taken 
                                        into account when calculating 
                                        percentage) 
 
                                        Hussain Al Ansari: 281,390 
                                        options over Ordinary 
                                        Shares 
 
      Percentage of issued              Dragon Oil Employee Share 
       class disposed (treasury         Purchase Plan: 
       shares of that class             6,209 Ordinary shares 
       should not be taken 
       into account when                Hussain Al Ansari: 52,056 
       calculating percentage)          conditional share awards 
                                        (Dragon Oil Plc 2014 Long 
 19    N/A                        20    Term Incentive Plan) 
---  --------------------------  ---  ------------------------------- 
 

If a person whose interests are required to be disclosed under ISE Listing Rule 6.10 has been granted options by the issuer, please complete the following boxes:

 
                                      Period during which or 
                                       date on which it can be 
                                       exercised 
 
 21     N/A                      22    N/A 
---  -------------------------  ---  ----------------------------- 
      Total amount paid 
       (if any) for grant             Description of shares 
       of the option                   involved (class and number) 
 23    N/A                       24    N/A 
---  -------------------------  ---  ----------------------------- 
      Exercise price (if 
       fixed at time of grant) 
       or indication that 
       the price is to be             Total number of shares 
       fixed at the time               over which options are 
       of exercise                     held following notification 
 25    N/A                       26    N/A 
---  -------------------------  ---  ----------------------------- 
 
   Name and signature of duly designated officer of 
   issuer responsible for making notification 
 
   Julian Hicks 
 
   Date of notification 22 October 2014 
------------------------------------------------------------------ 
 

The duly designated officer of the issuer responsible for making this notification acknowledges and confirms that he/she is aware that the information as has been provided in response to the questions 15 to 26 above is not information which has been required by or which has been requested by the Central Bank, and is information which is required to be provided to the Irish Stock Exchange only.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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