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Directors' Shareholdings

16 Dec 2015

Victoria Oil & Gas Plc, announces that on 8 December 2015, it received notification that H J Resources Ltd has exercised options over 1,506,812 ordinary shares of 0.5p each in the capital of the Company (“Ordinary Shares”) that were granted between 2006 and 2011 by the Victoria Oil & Gas ESOP Trust ("Trust"). Mr Kevin Foo, Executive Chairman of the Company and members of his family are potential beneficiaries of a discretionary trust that owns H J Resources Ltd. The Trust has not subscribed for any new Ordinary Shares in the Company in order to settle this exercise.

Accordingly, following this exercise, Mr Foo is now interested in 2,232,638 ordinary shares representing approximately 2.04% of the Company's issued share capital.

The table below sets out a summary of all options that have been granted to Directors and former Directors by the Trust, which have not previously been disclosed, and options which have subsequently been exercised, since the Trust’s inception in 2006:

Director/Company

Date of Grant

Exercise Price

Options granted over Ordinary Shares*

Options exercised

Outstanding Options over Ordinary Shares

Outstanding Options over Deferred  Shares**

H J Resources Ltd

26-Apr-06

0.5p

19,312

19,312

-

-

H J Resources Ltd

09-Jan-08

0.5p

43,750

43,750

-

-

H J Resources Ltd

04-Apr-08

0.5p

43,750

43,750

-

-

H J Resources Ltd

20-Nov-09

0.5p

150,000

150,000

-

-

H J Resources Ltd

14-Jan-11

0.5p

625,000

625,000

-

-

H J Resources Ltd

25-Nov-11

0.5p

625,000

625,000

-

-

Kevin Foo

08-Mar-13

0.5p

500,000

-

500,000

500,000              

Total HJ Resources/Kevin Foo

 

 

2,006,812

1,506,812

500,000

500,000

Grant Manheim

26-Apr-06

0.5p

19,312

19,312

-

-

 

09-Jan-08

0.5p

25,000

25,000

-

-

 

04-Apr-08

0.5p

37,500

37,500

-

-

 

20-Nov-09

0.5p

75,000

57,500

17,500

17,500

 

14-Jan-11

0.5p

87,500

-

87,500

87,500

 

25-Nov-11

0.5p

125,000

-

125,000

125,000

 

08-Mar-13

0.5p

100,000

-

100,000

100,000

Total Grant Manheim

 

 

469,312

139,312

330,000

330,000

Robert Palmer

26-Apr-06

0.5p

19,312

-

19,312

19,312

 

09-Jan-08

0.5p

25,000

-

25,000

25,000

 

04-Apr-08

0.5p

37,500

-

37,500

37,500

 

20-Nov-09

0.5p

75,000

-

75,000

75,000

 

14-Jan-11

0.5p

87,500

-

87,500

87,500

 

25-Nov-11

0.5p

125,000

-

125,000

125,000

 

08-Mar-13

0.5p

100,000

-

100,000

100,000

Total Robert Palmer

 

 

469,312

-

469,312

469,312

Former Directors

09-Jan-08

0.5p

25,000

25,000

-

-

 

04-Apr-08

0.5p

25,000

25,000

-

-

 

20-Nov-09

0.5p

100,000

100,000

-

-

 

20-Nov-09

0.5p

25,000

25,000

-

-

 

20-Nov-09

0.5p

12,500

12,500

-

-

 

14-Jan-11

0.5p

87,500

87,500

-

-

 

14-Jan-11

0.5p

175,000

175,000

-

-

 

25-Nov-11

0.5p

125,000

125,000

-

-

 

25-Nov-11

0.5p

175,000

175,000

-

-

 

08-Mar-13

0.5p

250,000

250,000

-

-

Total Former Directors

 

 

1,000,000

1,000,000

-

-

Total

 

 

3,945,436

2,646,124

1,299,312

1,299,312

* represents the number of options post the consolidation completed in November 2014

** the options over deferred shares were created as a result of the consolidation and have an exercise price of 19.5p. As set out in the circular to shareholders dated 31 October 2014, the deferred shares have very limited rights and are therefore of negligble value.

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Directors' Shareholdings469.42 KB