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Director/PDMR dealing

20 Dec 2016

Victoria Oil & Gas announces that yesterday Mr Ahmet Dik elected to receive part of his compensation as Chief Executive by subscribing for 697,836 new ordinary shares of 0.5p in the Company (“Ordinary Shares”).

The new Ordinary Shares have been issued at 28.66p per share, being the volume weighted average share price for the 5 trading days preceding 29 January 2016, the commencement date of his service agreement. Following this share allotment, Mr Dik will have an interest in a total of 925,787 Ordinary Shares, representing a 0.84% interest in the enlarged issued share capital of the Company.

Application has been made to the London Stock Exchange for the admission of the new Ordinary Shares to trading on AIM (“Admission”). Admission is expected to become effective and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 23 December 2016. Following Admission, the Company will have 110,193,098 Ordinary Shares in issue.

 

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

Victoria Oil & Gas Plc

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

 

Strand Hanson Limited (NOMAD)

Stuart Faulkner / Rory Murphy                                                                                     Tel: +44 (0) 20 7409 3494

 

Shore Capital Stockbrokers Limited (Joint Broker)

Mark Percy / Toby Gibbs (corporate finance)                                                            Tel: +44 (0) 20 7408 4090

Jerry Keen (corporate broking)

 

FirstEnergy Capital LLP (Joint Broker)                                                                                                                 

Jonathan Wright/David van Erp                                                                                    Tel:  +44 (0) 20 7448 0200

  

Bell Pottinger

Lorna Cobbett / Charles Stewart / Zara de Belder                                                       Tel: +44 (0) 20 3772 2499

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 



1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ahmet Dik

2.

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Victoria Oil & 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 the Financial instrument, type of instrument

Ordinary shares of 0.5 pence each

Identification code

GB00BRWR3752

b)

Nature of the Transaction

Subscription of shares as part of compensation

c)

Price(s) and volume(s)



Price(s)

Volume(s)

Value (£)

£0.2866

697,836

199,999.80



 

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

19 December 2016

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

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Director dealing103.87 KB