TIDMUKOG

RNS Number : 0026L

UK Oil & Gas Investments PLC

28 September 2016

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Grant of Options

UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that options (the "Options") over a total of 65,000,000 new ordinary shares in the capital of the Company ("Ordinary Shares") were awarded yesterday at an exercise price of 1.82 pence (being the closing price of an Ordinary Share on 27 September 2016). The Options vest immediately and will expire in three years from the date of grant.

The Options represent, in aggregate, 2.6% of the existing Ordinary Share capital of the Company and have been issued to Executive Directors and consultants to the Company. Following the issue, the Company has a total of 214,166,667 options and warrants outstanding, representing approximately 8.4% of the existing Ordinary Share Capital of the Company.

Following the grant of these Options, the Directors hold the following Ordinary Shares and options.

 
 Director             New Options   Existing     Ordinary    Total        % of existing 
                       Issued        Options      shares                   Ordinary 
                                                  held                     Share Capital 
-------------------  ------------  -----------  ----------  -----------  --------------- 
 Stephen Sanderson    35,000,000    25,000,000   Nil         60,000,000   2.4% 
-------------------  ------------  -----------  ----------  -----------  --------------- 
 Jason Berry          20,000,000    10,000,000   Nil         30,000,000   1.2% 
-------------------  ------------  -----------  ----------  -----------  --------------- 
 Kiran Morzaria       Nil           Nil          4,508,178   4,508,178    0.2% 
-------------------  ------------  -----------  ----------  -----------  ---------------

For further information, please contact:

UK Oil & Gas Investments PLC

Stephen Sanderson / Jason Berry Tel: 020 7440 0640

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Bavister Tel: 020 7220 1666

Square 1 Consulting (Public Relations)

David Bick / Brian Alexander Tel: 020 7929 5599

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 28, 2016 02:00 ET (06:00 GMT)

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