Independent Oil & Gas PLC Issue of New Shares (6143G)
May 31 2017 - 2:00AM
UK Regulatory
TIDMIOG
RNS Number : 6143G
Independent Oil & Gas PLC
31 May 2017
31 May 2017
Independent Oil and Gas plc
Issue of New Shares
Independent Oil and Gas plc ("IOG" or the "Company") (AIM:
IOG.L), the development and production focused Oil and Gas Company,
has today issued a total of 148,113 ordinary shares ("New Ordinary
Shares") in the capital of the Company.
On 26 May 2017, Martin Ruscoe a Non-Executive director of the
Company submitted a notice to exercise all of his current 1p
options over Ordinary Shares awarded to him, pursuant the option
agreements dated 1 September 2016 and 1 March 2017.
The Company has applied to the London Stock Exchange for
admission of the New Ordinary Shares to trading on AIM
("Admission"). Admission is expected to occur on 2 June 2017.
Following Admission there will be 109,416,276 Ordinary Shares in
issue. Accordingly, this number may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure and Transparency
Rules.
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Martin Ruscoe
--- ------------------------------- ----------------------------------
2. Reason for the Notification
--- -------------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Independent Oil and 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 Exercise of options over ordinary
the Financial shares
instrument, type
of instrument
---
Identification GB00BF49WF64
code
--- ------------------------------- ----------------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
1p 148,113
--------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 26 May 2017
--- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ----------------------------------
-ENDS-
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
Independent Oil and Gas plc
Mark Routh (CEO) +44 (0) 20 3879
Hywel John (CFO) 0510
finnCap Ltd
Christopher Raggett / Anthony
Adams +44 (0) 20 7220
(Corporate Finance) 0500
Camarco +44 (0) 20 3757
Georgia Edmonds / Tom Huddart 4980
This information is provided by RNS
The company news service from the London Stock Exchange
END
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