Diversified Gas & Oil PLC Restricted Stock Unit Awards (3231V)
02 November 2017 - 6:00PM
UK Regulatory
TIDMDGOC
RNS Number : 3231V
Diversified Gas & Oil PLC
02 November 2017
2 November 2017
Diversified Gas & Oil PLC
("DGO", the "Company" or the "Group")
Restricted Stock Unit Awards
Diversified Gas & Oil PLC, the US based gas and oil
producer, is pleased to announce that on 1 November 2017, the
following restricted stock units, to be settled upon vesting in
ordinary shares of 1p each in the Company ("Restricted Stock
Units"), were granted to certain of the Company's senior management
pursuant to individual restricted stock unit award agreements (the
"Award Agreements") under the Company's equity incentive plan (the
"Plan"). Restricted stock units are a customary form of equity
award in the United States and are similar to share options in the
United Kingdom, but without the payment of an exercise price.
Number
of Restricted Vesting date(s)
Stock Units (vesting in
Employee Position granted equal instalments)
--------------- ----------------------- --------------- --------------------
Bob Cayton Senior Vice President 150,000 Nov 2018,
of Operations Nov 2019 and
Nov 2020
--------------- ----------------------- --------------- --------------------
Eric Williams Chief Financial 110,000 July 2018
Officer and July 2019
--------------- ----------------------- --------------- --------------------
Jack Crook Senior Vice President 85,002 Nov 2018,
of Environmental, Nov 2019 and
Health and Safety Nov 2020
--------------- ----------------------- --------------- --------------------
Drew Adamo Vice President 75,000 Nov 2018,
of Operations (North Nov 2019 and
Pennsylvania) Nov 2020
--------------- ----------------------- --------------- --------------------
Rusty Hutson, Vice President 75,000 Nov 2018,
Sr of Operations (West Nov 2019 and
Virginia & South Nov 2020
Ohio)
--------------- ----------------------- --------------- --------------------
Rich Palya Vice President 75,000 Nov 2018,
of Operations (South Nov 2019 and
Pennsylvania) Nov 2020
--------------- ----------------------- --------------- --------------------
Thomas Vice President 75,000 Nov 2018,
Vosick of Operations (North Nov 2019 and
Ohio) Nov 2020
--------------- ----------------------- --------------- --------------------
Total 645,002
---------------------------------------- --------------- --------------------
Under the terms of the Award Agreements, the Restricted Stock
Units are scheduled to vest in one or more instalments upon the
completion of a specified period of continuous service to the
Company or a subsidiary of the Company. In the event that the
individual's service to the Company or a subsidiary terminates
prior to the vesting of the Restricted Stock Units (subject to
certain exceptions), such Restricted Stock Units shall be
automatically forfeited to the Company upon such termination.
Promptly following the vesting date, the Company will issue to the
individual a number of ordinary shares in the Company equal to the
number of vested Restricted Stock Units upon payment by the Company
of the aggregate nominal value of the ordinary shares.
The notification below, made in accordance with the requirements
of the Market Abuse Regulation, provides further detail.
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 Bob Cayton
---- -------------------------------- -------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status
Senior Vice President
of Operations/PDMR
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- -------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- -------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- -------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- -------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- --------------- --------------
GBP0 150,000
----------------------------------------------------- --------------
d) Aggregated information N/A single transaction
---- -------------------------------- -------------------------------
Aggregated volume N/A single transaction
-------------------------------- ------------------------------------
Price N/A single transaction
-------------------------------- ------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- -------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name Eric Williams
---- -------------------------------- ----------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status
Chief Financial Officer/PDMR
---- -------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- ----------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- ----------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- ----------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- ----------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ---------------- ----------------
GBP0 110,000
------------------------------------------------------ ----------------
d) Aggregated information N/A single transaction
---- -------------------------------- ----------------------------------
Aggregated volume N/A single transaction
-------------------------------- ---------------------------------------
Price N/A single transaction
-------------------------------- ---------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- ----------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Jack Crook
---- -------------------------------- -------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status
Senior Vice President
of Environmental, Health
and Safety/PDMR
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- -------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- -------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- -------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- -------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- --------------- --------------
GBP0 85,002
----------------------------------------------------- --------------
d) Aggregated information N/A single transaction
---- -------------------------------- -------------------------------
Aggregated volume N/A single transaction
-------------------------------- ------------------------------------
Price N/A single transaction
-------------------------------- ------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- -------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name Rusty Hutson, Sr
---- -------------------------------- ----------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status
Vice President of Operations
- West Virginia & South
Ohio/PDMR
---- -------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- ----------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- ----------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- ----------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- ----------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ---------------- ----------------
GBP0 75,000
------------------------------------------------------ ----------------
d) Aggregated information N/A single transaction
---- -------------------------------- ----------------------------------
Aggregated volume N/A single transaction
-------------------------------- ---------------------------------------
Price N/A single transaction
-------------------------------- ---------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name Rich Palya
---- -------------------------------- ----------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status
Vice President of Operations
- South Pennsylvania/PDMR
---- -------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- ----------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- ----------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- ----------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- ----------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ---------------- ----------------
GBP0 75,000
------------------------------------------------------ ----------------
d) Aggregated information N/A single transaction
---- -------------------------------- ----------------------------------
Aggregated volume N/A single transaction
-------------------------------- ---------------------------------------
Price N/A single transaction
-------------------------------- ---------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name Drew Adamo
---- -------------------------------- -----------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------
a) Position/status
Vice President of Operations-
North Pennsylvania/PDMR
---- -------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- -----------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- -----------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- -----------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- -----------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ----------------- ----------------
GBP0 75,000
------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---- -------------------------------- -----------------------------------
Aggregated volume N/A single transaction
-------------------------------- ----------------------------------------
Price N/A single transaction
-------------------------------- ----------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name Thomas Vosick
---- -------------------------------- ----------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status
Vice President of Operations
- North Ohio/PDMR
---- -------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name Diversified Gas & Oil
PLC
---- -------------------------------- ----------------------------------
b) LEI 213800YR9TFRVHPGOS67
---- -------------------------------- ----------------------------------
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 Restricted stock units
instrument, type of constituting a right
instrument to acquire ordinary
shares of 1p each
---- -------------------------------- ----------------------------------
Identification code GB00BYX7JT74
---- -------------------------------- ----------------------------------
b) Nature of the transaction Grant of restricted
stock units under the
Company's equity incentive
plan
---- -------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ---------------- ----------------
GBP0 75,000
------------------------------------------------------ ----------------
d) Aggregated information N/A single transaction
---- -------------------------------- ----------------------------------
Aggregated volume N/A single transaction
-------------------------------- ---------------------------------------
Price N/A single transaction
-------------------------------- ---------------------------------------
e) Date of the transaction 1 November 2017
---- -------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- ----------------------------------
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief Executive
Officer
Brad Gray, Finance Director/Chief
Operating Officer
Eric Williams, Chief Financial
Officer/ Investor Relations +1 205 408
www.diversifiedgasandoil.com 0909
Smith & Williamson Corporate
Finance Limited
(Nominated Adviser & Joint
Broker) +44 (0)20
Russell Cook, Katy Birkin 7131 4000
Mirabaud Securities Limited
(Lead Broker) +44 (0)20
Peter Krens, Edward Haig-Thomas 3167 7221
Buchanan (Financial Public
Relations)
Ben Romney, Chris Judd, Henry
Wilson +44 (0)20
dgo@buchanan.uk.com 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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