TIDMVOG

RNS Number : 3577S

Victoria Oil & Gas PLC

20 December 2016

20 December2016

Victoria Oil & Gas Plc

("Victoria Oil and Gas" or "the Company")

Director/PDMR dealing

Victoria Oil & Gas announces that yesterday Mr Ahmet Dik elected to receive part of his compensation as Chief Executive by subscribing for 697,836 new ordinary shares of 0.5p in the Company ("Ordinary Shares").

The new Ordinary Shares have been issued at 28.66p per share, being the volume weighted average share price for the 5 trading days preceding 29 January 2016, the commencement date of his service agreement. Following this share allotment, Mr Dik will have an interest in a total of 925,787 Ordinary Shares, representing a 0.84% interest in the enlarged issued share capital of the Company.

Application has been made to the London Stock Exchange for the admission of the new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 23 December 2016. Following Admission, the Company will have 110,193,098 Ordinary Shares in issue.

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)

Stuart Faulkner / Rory Murphy Tel: +44 (0) 20 7409 3494

Shore Capital Stockbrokers Limited (Joint Broker)

Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 20 7408 4090

Jerry Keen (corporate broking)

FirstEnergy Capital LLP (Joint Broker)

Jonathan Wright/David van Erp Tel: +44 (0) 20 7448 0200

Bell Pottinger

Lorna Cobbett / Charles Stewart / Zara de Belder Tel: +44 (0) 20 3772 2499

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

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                             Ahmet Dik 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  -------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  -------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ----------------------------------------------------------------------- 
 a)   Name                             Victoria Oil & Gas plc 
---  -------------------------------  -------------------------------------- 
 b)   LEI                              N/A 
---  -------------------------------  -------------------------------------- 
 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               Ordinary shares of 0.5 pence 
       Financial instrument,            each 
       type of instrument 
---  -------------------------------  -------------------------------------- 
      Identification code              GB00BRWR3752 
---  -------------------------------  -------------------------------------- 
 b)   Nature of the Transaction        Subscription of shares as 
                                        part of compensation 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)     Volume(s)   Value 
                                                                   (GBP) 
                                        -----------  ----------  ----------- 
                                         GBP0.2866    697,836     199,999.80 
                                        -----------  ----------  ----------- 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  -------------------------------------- 
 e)   Date of the transaction          19 December 2016 
---  -------------------------------  -------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
                                        Market (XLON) 
---  -------------------------------  --------------------------------------

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 20, 2016 05:05 ET (10:05 GMT)

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