TIDMVOG

RNS Number : 3286J

Victoria Oil & Gas PLC

16 December 2015

Victoria Oil & Gas PLC (AIM:VOG)

16 December 2015

Victoria Oil & Gas Plc

("VOG" or "the Company")

Directors' Shareholdings

Victoria Oil & Gas Plc, announces that on 8 December 2015, it received notification that H J Resources Ltd has exercised options over 1,506,812 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares") that were granted between 2006 and 2011 by the Victoria Oil & Gas ESOP Trust ("Trust"). Mr Kevin Foo, Executive Chairman of the Company and members of his family are potential beneficiaries of a discretionary trust that owns H J Resources Ltd. The Trust has not subscribed for any new Ordinary Shares in the Company in order to settle this exercise.

Accordingly, following this exercise, Mr Foo is now interested in 2,232,638 ordinary shares representing approximately 2.04% of the Company's issued share capital.

For further information, please visit www.victoriaoilandgas.com or contact:

Victoria Oil & Gas Plc

Kevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820

Numis Securities

John Prior / Ben Stoop Tel: +44 (0) 207 260 1000

Strand Hanson Limited

Angela Hallett / Stuart Faulkner Tel: +44 (0) 20 7409 3494

Bell Pottinger

Daniel Thole / Charles Stewart / Joanna Boon Tel: +44 (0) 20 3 772 2499

The table below sets out a summary of all options that have been granted to Directors and former Directors by the Trust, which have not previously been disclosed, and options which have subsequently been exercised, since the Trust's inception in 2006:

 
                                                       Options                   Outstanding      Outstanding 
                                                       granted                       Options          Options 
                        Date of      Exercise    over Ordinary      Options    over Ordinary    over Deferred 
 Director/Company        Grant          Price          Shares*    exercised           Shares         Shares** 
 H J Resources 
  Ltd                   26-Apr-06        0.5p           19,312       19,312                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
 H J Resources 
  Ltd                   09-Jan-08        0.5p           43,750       43,750                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
 H J Resources 
  Ltd                   04-Apr-08        0.5p           43,750       43,750                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
 H J Resources 
  Ltd                   20-Nov-09        0.5p          150,000      150,000                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
 H J Resources 
  Ltd                   14-Jan-11        0.5p          625,000      625,000                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
 H J Resources 
  Ltd                   25-Nov-11        0.5p          625,000      625,000                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
 Kevin Foo              08-Mar-13        0.5p          500,000            -          500,000          500,000 
                       ===========  =========  ===============  ===========  ===============  =============== 
 Total HJ Resources/ 
  Kevin Foo                                          2,006,812    1,506,812          500,000          500,000 
                                    =========  ===============  ===========  ===============  =============== 
 Grant Manheim          26-Apr-06        0.5p           19,312       19,312                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
  09-Jan-08                              0.5p           25,000       25,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  04-Apr-08                              0.5p           37,500       37,500                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  20-Nov-09                              0.5p           75,000       57,500           17,500           17,500 
 =================================  =========  ===============  ===========  ===============  =============== 
  14-Jan-11                              0.5p           87,500            -           87,500           87,500 
 =================================  =========  ===============  ===========  ===============  =============== 
  25-Nov-11                              0.5p          125,000            -          125,000          125,000 
 =================================  =========  ===============  ===========  ===============  =============== 
  08-Mar-13                              0.5p          100,000            -          100,000          100,000 
 =================================  =========  ===============  ===========  ===============  =============== 
  Total Grant 
   Manheim                                             469,312      139,312          330,000          330,000 
                                    =========  ===============  ===========  ===============  =============== 
 Robert Palmer          26-Apr-06        0.5p           19,312            -           19,312           19,312 
                       ===========  =========  ===============  ===========  ===============  =============== 
  09-Jan-08                              0.5p           25,000            -           25,000           25,000 
 =================================  =========  ===============  ===========  ===============  =============== 
  04-Apr-08                              0.5p           37,500            -           37,500           37,500 
 =================================  =========  ===============  ===========  ===============  =============== 
  20-Nov-09                              0.5p           75,000            -           75,000           75,000 
 =================================  =========  ===============  ===========  ===============  =============== 
  14-Jan-11                              0.5p           87,500            -           87,500           87,500 
 =================================  =========  ===============  ===========  ===============  =============== 
  25-Nov-11                              0.5p          125,000            -          125,000          125,000 
 =================================  =========  ===============  ===========  ===============  =============== 
  08-Mar-13                              0.5p          100,000            -          100,000          100,000 
 =================================  =========  ===============  ===========  ===============  =============== 
  Total Robert 
   Palmer                                              469,312            -          469,312          469,312 
                                    =========  ===============  ===========  ===============  =============== 
 Former Directors       09-Jan-08        0.5p           25,000       25,000                -                - 
                       ===========  =========  ===============  ===========  ===============  =============== 
  04-Apr-08                              0.5p           25,000       25,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  20-Nov-09                              0.5p          100,000      100,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  20-Nov-09                              0.5p           25,000       25,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  20-Nov-09                              0.5p           12,500       12,500                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  14-Jan-11                              0.5p           87,500       87,500                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  14-Jan-11                              0.5p          175,000      175,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  25-Nov-11                              0.5p          125,000      125,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  25-Nov-11                              0.5p          175,000      175,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  08-Mar-13                              0.5p          250,000      250,000                -                - 
 =================================  =========  ===============  ===========  ===============  =============== 
  Total Former 
   Directors                                         1,000,000    1,000,000                -                - 
                                    =========  ===============  ===========  ===============  =============== 
  Total                                              3,945,436    2,646,124        1,299,312        1,299,312 

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