Egdon Resources PLC Directors' Share Dealing (6001Q)
01 December 2016 - 2:45AM
UK Regulatory
TIDMEDR
RNS Number : 6001Q
Egdon Resources PLC
30 November 2016
30 November 2016
EGDON RESOURCES PLC
("Egdon" or "the Company")
Directors' Share Dealing
The Company has been informed of the following recent
transactions by Directors:
In the Open Offer Philip Stephens, Non-executive Chairman,
purchased 12,890 shares; Mark Abbott, Managing Director, purchased
50,563 ordinary shares; Andrew Lodge, non-executive Director
purchased 31,250 shares and Kenneth Rafcliff, non-executive
Director purchased 9,984 shares; all at the Open Offer price of
13.5p.
A trust of which Walter Roberts, non-executive director and
company secretary, is a trustee distributed 70,182 shares to each
of the two beneficiaries thus reducing his beneficial holding
although none of these shares have been sold.
Following these transactions and in order to update the
percentages following the recent placing and open offer, the
holdings of those Directors holding shares in the Company are as
set out in the following table.
Director Holding of Percentage
Ordinary Shares of Enlarged
Share Capital
---------------------- --------------------- -------------------
Philip Stephens 112,890 0.04%
---------------------- --------------------- -------------------
Mark Abbott 7,864,387 3.04%
---------------------- --------------------- -------------------
Andrew Lodge 531,250 0.21%
---------------------- --------------------- -------------------
Kenneth Ratcliff 169,743 0.07%
---------------------- --------------------- -------------------
Walter Roberts 974,129 0.38%
---------------------- --------------------- -------------------
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 Philip Stevens
-------- ------------------------------------- -----------------------------------
2 Reason for notification
-------- --------------------------------------------------------------------------
a) Position / status PDMR/Chairman
-------- ------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------- ------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- --------------------------------------------------------------------------
a) Name Egdon Resources plc
-------- ------------------------------------- -----------------------------------
b) LEI NA
-------- ------------------------------------- -----------------------------------
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 Ordinary Shares of 1 pence
instrument, type of instrument each
Identification code
NA
-------- ------------------------------------- -----------------------------------
b) Nature of the transaction Open Offer purchase
-------- ------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price Volume
---------------- -----------
13.5 pence 12,890
---------------- -----------
-------- ------------------------------------- -----------------------------------
d) Aggregated information
Aggregated Volume
Price 12,890
13.5 pence
-------- ------------------------------------- -----------------------------------
e) Date of the transaction 29 November 2016
-------- ------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------- ------------------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-------- --------------------------------------------------------------------------
a) Name Mark Abbott
-------- ------------------------------------- -----------------------------------
2 Reason for notification
-------- --------------------------------------------------------------------------
a) Position / status PDMR/Managing Director
-------- ------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------- ------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- --------------------------------------------------------------------------
a) Name Egdon Resources plc
-------- ------------------------------------- -----------------------------------
b) LEI NA
-------- ------------------------------------- -----------------------------------
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 Ordinary Shares of 1 pence
instrument, type of instrument each
Identification code
NA
-------- ------------------------------------- -----------------------------------
b) Nature of the transaction Open Offer purchase
-------- ------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price Volume
---------------- -----------
13.5 pence 50,563
---------------- -----------
-------- ------------------------------------- -----------------------------------
d) Aggregated information
Aggregated Volume
Price 50,563
13.5 pence
-------- ------------------------------------- -----------------------------------
e) Date of the transaction 29 November 2016
-------- ------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------- ------------------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-------- --------------------------------------------------------------------------
a) Name Andrew Lodge
-------- ------------------------------------- -----------------------------------
2 Reason for notification
-------- --------------------------------------------------------------------------
a) Position / status PDMR/Non-Executive Director
-------- ------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------- ------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- --------------------------------------------------------------------------
a) Name Egdon Resources plc
-------- ------------------------------------- -----------------------------------
b) LEI NA
-------- ------------------------------------- -----------------------------------
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 Ordinary Shares of 1 pence
instrument, type of instrument each
Identification code
NA
-------- ------------------------------------- -----------------------------------
b) Nature of the transaction Open Offer purchase
-------- ------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price Volume
---------------- -----------
13.5 pence 31,250
---------------- -----------
-------- ------------------------------------- -----------------------------------
d) Aggregated information
Aggregated Volume
Price 31,250
13.5 pence
-------- ------------------------------------- -----------------------------------
e) Date of the transaction 29 November 2016
-------- ------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------- ------------------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-------- --------------------------------------------------------------------------
a) Name Ken Ratcliffe
-------- ------------------------------------- -----------------------------------
2 Reason for notification
-------- --------------------------------------------------------------------------
a) Position / status PDMR/Non-Executive Director
-------- ------------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------- ------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- --------------------------------------------------------------------------
a) Name Egdon Resources plc
-------- ------------------------------------- -----------------------------------
b) LEI NA
-------- ------------------------------------- -----------------------------------
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 Ordinary Shares of 1 pence
instrument, type of instrument each
Identification code
NA
-------- ------------------------------------- -----------------------------------
b) Nature of the transaction Open Offer purchase
-------- ------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price Volume
---------------- -----------
13.5 pence 9,984
---------------- -----------
-------- ------------------------------------- -----------------------------------
d) Aggregated information
Aggregated Volume
Price 9,984
13.5 pence
-------- ------------------------------------- -----------------------------------
e) Date of the transaction 29 November 2016
-------- ------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------- ------------------------------------- -----------------------------------
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702 292
Buchanan
Richard Darby, Anna Michniewicz 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Sarah Wharry (Corporate Finance)
Mark Westcott (Sales)
020 7894 7000
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
Egdon Resources plc (LSE: EDR) is an established UK-based
exploration and production company primarily focused on onshore
exploration and production in the hydrocarbon-producing basins of
the UK.
Egdon holds interests in 43 licences in the UK and France and
has an active programme of exploration, appraisal and development
within its balanced portfolio of oil and gas assets. Egdon is an
approved operator in both the UK and France.
Egdon was formed in 1997 and listed on AIM in December 2004.
In accordance with the AIM Rules - Note for Mining and Oil and
Gas Companies, the information contained in this announcement has
been reviewed and signed off by the Managing Director of Egdon
Resources plc Mark Abbott, a Geoscientist with over 26 years'
experience.
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"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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