TIDMIOG

RNS Number : 9952W

Independent Oil & Gas PLC

24 April 2019

24 April 2019

Independent Oil & Gas PLC

("IOG" or the "Company")

Director/PDMR Shareholdings

Independent Oil and Gas plc (AIM: IOG.L), the development and production focused oil and gas company, announces that further to the completion of the Company's Placing, Subscription and Open Offer (together the "Fundraising"), IOG is pleased to confirm the participation in the Fundraising by certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company. Their participation in the Fundraising and revised shareholdings are shown below:

 
 Director/Senior    Role                             Number of          Number      Resultant       Percentage 
  manager                                         Subscription         of Open      number of      of Enlarged 
                                             Shares subscribed    Offer Shares       Ordinary    Share Capital 
                                                           for        received    Shares held             held 
                    Non-Executive 
 Fiona MacAulay      Chair                             200,000               -        200,000            0.06% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
 Andrew Hockey      CEO                                100,000               -        100,000            0.03% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
 Mark Hughes        COO                                100,000          28,105        306,105            0.09% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
 James Chance       CFO (PDMR)                         100,000               -        100,000            0.03% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
                    Non-Executive 
 Esa Ikaheimonen     Director                          500,000               -        500,000            0.15% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
                    Head of Corporate 
 Rupert Newall       Finance (PDMR)                    300,000               -        300,000            0.09% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
                    Financial Controller 
 Gavin Milne         (PDMR)                            100,000               -        100,000            0.03% 
                   ----------------------  -------------------  --------------  -------------  --------------- 
 

For more information please contact:

 
 Independent Oil & Gas PLC 
  Andrew Hockey (CEO) 
  James Chance (CFO) 
  Rupert Newall (Head of Corporate Finance)                   +44 (0) 20 3879 0510 
 finnCap Ltd (Nominated Adviser and 
  Joint Bookrunner) 
  Christopher Raggett, Simon Hicks (Corporate 
  Finance) 
  Camille Gochez (Corporate Broking)                          +44 (0) 20 7220 0500 
 Peel Hunt LLP (Joint Bookrunner) 
  Richard Crichton 
  David McKeown                                               +44 (0) 20 7418 8900 
 GMP First Energy (Joint Bookrunner) 
  Jonathan Wright                                             +44 (0) 20 7448 0200 
 Vigo Communications 
  Patrick d'Ancona 
  Chris McMahon 
  Simon Woods                                                 +44 (0) 20 7390 0230 
 
 1.      Details of the person discharging managerial responsibilities/person 
          closely associated 
 (a)     Name                             Fiona MacAulay 
        -------------------------------  ---------------------------------------------- 
 2.      Reason for the notification 
        ------------------------------------------------------------------------------- 
 (a)     Position/status                  Non-Executive Chair 
        -------------------------------  ---------------------------------------------- 
 (b)     Initial notification/            Initial notification 
          Amendment 
        -------------------------------  ---------------------------------------------- 
 3.      Details of the issuer 
        ------------------------------------------------------------------------------- 
 (a)     Name                             Independent Oil and Gas plc 
        -------------------------------  ---------------------------------------------- 
 (b)     LEI                              2138005OA2NLZS2NRT74 
        -------------------------------  ---------------------------------------------- 
 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               Independent Oil & Gas plc Ordinary Shares 
          Financial Instrument             of 1p each 
        -------------------------------  ---------------------------------------------- 
 (b)     Identification code              ISIN: GB00BF49WF64 
          of the Financial 
          Instrument 
        -------------------------------  ---------------------------------------------- 
 (c)     Nature of the transaction        Subscription for Ordinary Shares 
        -------------------------------  ---------------------------------------------- 
 (d)     Price(s) and volume(s)           Price(s)             Volume(s) 
                                         -------------------  ------------------------- 
                                          10p                  200,000 
                                         -------------------  ------------------------- 
 
 (e)     Aggregated information 
           *    Aggregated volume           n/a 
 
 
          - Price 
        -------------------------------  ---------------------------------------------- 
 (f)     Date of the transaction          24 April 2019 
        -------------------------------  ---------------------------------------------- 
 (g)     Place of the transaction         London Stock Exchange, AIM Market (XLON) 
        -------------------------------  ---------------------------------------------- 
 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Andrew Hockey 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            CEO 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Subscription for Ordinary Shares 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   100,000 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Mark Hughes 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            COO 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Subscription for Ordinary Shares 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   100,000 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Mark Hughes 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            COO 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Purchase of Ordinary Shares in Open 
                                                    Offer 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   28,105 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       James Chance 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            CFO (PDMR) 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Subscription for Ordinary Shares 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   100,000 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Esa Ikaheimonen 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            Non-Executive Director 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Subscription for Ordinary Shares 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   500,000 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Rupert Newall 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            Head of Corporate Finance (PDMR) 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Subscription for Ordinary Shares 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   300,000 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Gavin Milne 
       -----------------------------------------  ------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------- 
 (a)    Position/status                            Financial Controller (PDMR) 
       -----------------------------------------  ------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------- 
 3.     Details of the issuer 
       -------------------------------------------------------------------------------------- 
 (a)    Name                                       Independent Oil and Gas plc 
       -----------------------------------------  ------------------------------------------- 
 (b)    LEI                                        2138005OA2NLZS2NRT74 
       -----------------------------------------  ------------------------------------------- 
 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                         Independent Oil & Gas plc Ordinary 
         Financial Instrument                       Shares of 1p each 
       -----------------------------------------  ------------------------------------------- 
 (b)    Identification code                        ISIN: GB00BF49WF64 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------- 
 (c)    Nature of the transaction                  Subscription for Ordinary Shares 
       -----------------------------------------  ------------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)              Volume(s) 
                                                  --------------------  --------------------- 
                                                   10p                   100,000 
                                                  --------------------  --------------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume                     n/a 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------- 
 (f)    Date of the transaction                    24 April 2019 
       -----------------------------------------  ------------------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange, AIM Market (XLON) 
       -----------------------------------------  ------------------------------------------- 
 

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END

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April 24, 2019 10:50 ET (14:50 GMT)

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