Diversified Gas & Oil PLC Issue of Equity and Total Voting Rights (1598F)
11 July 2019 - 4:00PM
UK Regulatory
TIDMDGOC
RNS Number : 1598F
Diversified Gas & Oil PLC
11 July 2019
11 July 2019
Diversified Gas & Oil PLC
(the "Company")
Issue of Equity and Total Voting Rights
Diversified Gas & Oil PLC (AIM: DGOC), the US based owner
and operator of natural gas, natural gas liquids and oil wells as
well as midstream assets, announced on 2 November 2017 the award of
Restricted Stock Units ("RSUs") issued under the Company's equity
incentive plan (the "Plan") to certain of the Company's senior
management.
In accordance with the terms of the Plan, the balance of the
RSU's held by Eric Williams, Chief Financial Officer and PDMR, have
now vested and the Company has therefore allotted 38,857 new
ordinary shares of 1 pence each in the Company (the "RSU Shares")
to Eric Williams. Mr Williams' interest in the Company now
comprises 77,712 ordinary shares of 1 pence each ("Ordinary
Shares"), representing 0.01% of the Company's issued share capital,
plus share options over 2,505,000 Ordinary Shares.
Application has been made for the RSU Shares to be admitted to
trading on AIM which is expected to occur on 17 July 2019. The RSU
Shares rank pari passu in all respects with the existing Ordinary
Shares.
Following the issue of the RSU Shares, the Company will have
680,476,436 Ordinary Shares in issue (including treasury shares).
The Company currently holds 4,796,627 Ordinary Shares in treasury.
Therefore, the total voting rights in DGO will be 675,679,808. This
figure for the total number of voting rights may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provides further
detail.
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief Executive Officer
Brad Gray, Chief Operating Officer & Finance
Director
Eric Williams, Chief Financial Officer
www.dgoc.com
ir@dgoc.com + 1 (205) 408 0909
Cenkos Securities plc
(Nominated Adviser)
Russell Cook
Katy Birkin
Ben Jeynes +44 (0)20 7397 8900
Mirabaud Securities Limited
(Joint Broker)
Peter Krens
Edward Haig-Thomas +44 (0)20 3167 7221
Stifel Nicolaus Europe Limited
(Joint Broker)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield +44 (0)20 7710 7600
Buchanan
(Financial Public Relations)
Ben Romney
Chris Judd
James Husband
dgo@buchanan.uk.com +44 (0)20 7466 5000
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 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 constituting
instrument, type of instrument a right to acquire ordinary
shares of 1p each
---------------------------------------- ---------------------------------------
Identification code GB00BYX7JT74
---------------------------------------- ---------------------------------------
b) Nature of the transaction Vesting of restricted stock
units under the Company's equity
incentive plan
---------------------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ------------------- ------------------
GBP0 38,857
----------------------------------------------------------------- ------------------
d) Aggregated information N/A single transaction
---------------------------------------- ---------------------------------------
Aggregated volume N/A single transaction
---------------------------------------- --------------------------------------------
Price N/A single transaction
---------------------------------------- --------------------------------------------
e) Date of the transaction 10 July 2019
---------------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
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This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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