Diversified Gas & Oil PLC Vesting of Restricted Stock Units, PDMR and TVR (6052Q)
01 March 2021 - 6:00PM
UK Regulatory
TIDMDGOC
RNS Number : 6052Q
Diversified Gas & Oil PLC
01 March 2021
1 March 2021
Diversified Gas & Oil PLC
("DGO" or the "Company")
Vesting of Restricted Stock Units, PDMR Share Dealings and Total
Voting Rights
Diversified Gas & Oil PLC (LSE: DGOC) announces the vesting
of Restricted Stock Units ("RSUs") issued under its equity
incentive plan (the "Plan") to members of DGO's executive
management team, including 78,351 RSUs for Rusty Hutson, CEO and
64,524 RSUs for Brad Gray, COO. The Company has therefore issued
and allotted an aggregate of 114,700 new ordinary shares of 1 pence
each in the Company (the "New Shares") (net of withholding
tax).
DGO has applied for the New Shares to be admitted to the Premium
Listing Segment of the Official List of the Financial Conduct
Authority and to trading on the main market of the London Stock
Exchange PLC, and expects admission to occur on or around 4 March
2021. The New Shares will rank pari passu in all respects with the
Company's existing ordinary shares of 1 pence each ("Ordinary
Shares").
Mr Hutson and Mr Gray now hold 20,922,899 and 2,369,782 Ordinary
Shares, respectively, in the Company, representing 2.96% and 0.33%,
respectively, of the Company's issued share capital.
Including the New Shares, the Company has 707,524,818 Ordinary
Shares in issue and holds no Ordinary Shares in treasury.
Shareholders may use 707,524,818 as the denominator in calculations
to determine if they must notify the Company of their interest in,
or a change to their invested interest under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Diversified Gas & Oil PLC +1 205 408 0909
Teresa Odom, Vice President, Investor
Relations
www.dgoc.com
ir@dgoc.com
Buchanan +44 20 7466 5000
Financial Public Relations
Ben Romney
Chris Judd
Kelsey Traynor
James Husband
dgo@buchanan.uk.com
About Diversified Gas & Oil PLC
Diversified Gas & Oil PLC is an independent energy company
engaged in the production, marketing and transportation of
primarily natural gas related to its synergistic US onshore
upstream and midstream assets.
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 Robert R. ("Rusty") Hutson
--- ----------------------------------------------
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 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 Restricted stock units constituting a right
financial instrument, to acquire Ordinary Shares of 1p each
type of instrument
---
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)
--- ----------------------------------------- -----------------------
GBPNil 62,899
---------------------------------------------------------------------
d) Aggregated information N/A single transaction
---
Aggregated volume N/A single transaction
Price N/A single transaction
e) Date of the transaction 1 March 2021
---
f) Place of the transaction Outside a trading venue (XOFF)
---
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Bradley Gray
--- ------------------------------------------
2 Reason for the notification
---
a) Position/status Chief Operating Officer
--- ------------------------------------------
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 Restricted stock units constituting a
financial instrument, right to acquire Ordinary Shares of 1p
type of instrument 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)
--- ---------------------------------------- ---------------------
GBPNil 51,801
------------------------------------------------------------------
d) Aggregated information N/A single transaction
---
Aggregated volume N/A single transaction
Price N/A single transaction
e) Date of the transaction 1 March 2021
---
f) Place of the transaction Outside a trading venue (XOFF)
---
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