Europa Oil & Gas (Holdings) Plc Grant of options
June 13 2017 - 4:24AM
UK Regulatory
TIDMEOG
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
13 June 2017
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Grant of options
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration,
development and production company focused on Europe, announces that it has
today awarded a total of 6,500,000 options ("Options") over ordinary shares of
1p each in the Company ("Ordinary Shares") to Directors and staff. The Options,
representing 2.2% of the current issued share capital, have been granted in
recognition of the continuing 20% salary cuts taken by the Board and office
based staff while oil prices have been depressed. Prior to this award the
Company had 15,365,000 options outstanding, therefore there are now a total of
21,865,000 options outstanding, representing approximately 7.3% of the
Company's current issued share capital.
Options Awarded Percentage of current
issued share capital
Hugh Mackay 3,500,000 1.2%
Phil Greenhalgh 1,500,000 0.5%
Roderick Corrie 300,000 0.1%
Other staff 1,200,000 0.4%
Total 6,500,000 2.2%
All of the Options have an exercise price of 8 pence per Ordinary Shares (a 33%
premium to the price at which Ordinary Shares were issued in the Placing and
Open Offer announced on 24 May 2017) and expire on 12 June 2027. The Options
only vest if the closing mid-market price of an Ordinary Share is above 10
pence per Ordinary Share for 30 calendar days.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities /
person closely associated
a) Name Roderick James Hugh McLeod Corrie
Reason for the Notification
a) Position/status Director
b) Initial notification/ Initial notification
Amendment
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Europa Oil & Gas (Holdings) plc
b) LEI 213800JWTCW7TN3WRC06
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 1p
Financial instrument,
type of instrument
Identification code GB00B03CJS30
b) Nature of the Issue of Options
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 300,000
d) Aggregated information: Issue of options over 300,000 Ordinary
Shares, exercisable at 8 pence per Ordinary
Share
e) Date of the transaction 13 June 2017
f) Place of the Off market transaction
transaction
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities /
person closely associated
a) Name Hugh George Dunbar Mackay
Reason for the Notification
a) Position/status Director
b) Initial notification/ Initial notification
Amendment
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Europa Oil & Gas (Holdings) plc
b) LEI 213800JWTCW7TN3WRC06
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 1p
Financial instrument,
type of instrument
Identification code GB00B03CJS30
b) Nature of the Issue of Options
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 3,500,000
d) Aggregated information: Issue of options over 3,500,000 Ordinary
Shares, exercisable at 8 pence per Ordinary
Share
e) Date of the transaction 13 June 2017
f) Place of the Off market transaction
transaction
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities /
person closely associated
a) Name Philip Greenhalgh
Reason for the Notification
a) Position/status Director
b) Initial notification/ Initial notification
Amendment
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Europa Oil & Gas (Holdings) plc
b) LEI 213800JWTCW7TN3WRC06
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 1p
Financial instrument,
type of instrument
Identification code GB00B03CJS30
b) Nature of the Issue of Options
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 1,500,000
d) Aggregated information: Issue of options over 1,500,000 Ordinary
Shares, exercisable at 8 pence per Ordinary
Share
e) Date of the transaction 13 July 2016
f) Place of the Off market transaction
transaction
* * ENDS * *
For further information please visit http://www.europaoil.com/ or contact:
Hugh Mackay Europa + 44 (0) 20 7224 3770
Phil Greenhalgh Europa + 44 (0) 20 7224 3770
Matt Goode finnCap Ltd + 44 (0) 20 7220 0500
Simon Hicks finnCap Ltd + 44 (0) 20 7220 0500
Frank Buhagiar St Brides Partners Ltd + 44 (0) 20 7236 1177
Susie Geliher St Brides Partners Ltd + 44 (0) 20 7236 1177
Notes
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon assets that includes production, exploration and development
interests, in countries that are politically stable, have transparent licensing
processes, and offer attractive terms. Its highly prospective exploration
projects include the Wressle oil development in the UK and seven licences
offshore Ireland with the potential to host gross mean un-risked prospective
resources of more than 4 billion barrels oil equivalent and 1.5 TCF gas across
all seven licences. In H1 2017 Europa produced 115 boepd from its portfolio of
onshore UK licences.
END
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