UK Oil & Gas PLC Defined Director Share Purchase Programme (2491A)
29 May 2021 - 12:00AM
UK Regulatory
TIDMUKOG
RNS Number : 2491A
UK Oil & Gas PLC
28 May 2021
UK Oil & Gas PLC
("UKOG" or the "Company")
Defined Director Share Purchase Programme
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce
that the Company has committed to put in place an annual MAR
compliant Defined Director Share Purchase Programme ("DDSPP") in
which a director commits to purchase UKOG ordinary shares each
month equivalent in value to a fixed percentage of their net
monthly salary. In line with other such schemes, the director's
commitment is envisaged to be in the range of 5-10% of net salary,
dependent upon individual circumstance.
Upon commitment to the DDSPP, which is expected to occur in the
open period following the publication of UKOG's interim results,
due on or before June 30(th) , 2021, the director will purchase
shares from the market on the first Friday of each month for a
period of 12 months. Consequently, the first DDSPP purchase is
expected to occur on Friday July 2(nd) , 2021 and the final
purchase on Friday June 3(rd) , 2022.
Upon entering into the DDSPP in an open period the director will
be committed to make the monthly purchase of shares under the
programme in what otherwise may be a close period. Entering into
the DDSPP will not preclude the director from buying additional
shares in the Company during open periods. The director will be
able to enter a new DDSPP upon completion of an existing
programme.
The market will be notified of the share purchases under the
DDSPP on the next trading day via a PDMR: Director's dealing
notification. Further details will be issued in due course.
For further information, please contact:
UK Oil & Gas PLC
Stephen Sanderson / Kiran Morzaria Tel: 01483 941493
WH Ireland Ltd (Nominated Adviser
and Broker)
James Joyce / James Sinclair-Ford Tel: 020 7220 1666
Communications
Brian Alexander Tel: 01483 941493
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END
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