Diversified Gas & Oil PLC Director/PDMR Shareholding (9730N)
May 26 2020 - 10:09AM
UK Regulatory
TIDMDGOC
RNS Number : 9730N
Diversified Gas & Oil PLC
26 May 2020
26 May 2020
Diversified Gas & Oil PLC
("DGO" or the "Company")
Director/PDMR Shareholding
Diversified Gas & Oil plc (DGOC.L), the U.S. based owner and
operator of natural gas, natural gas liquids, and oil wells and
midstream assets, announced on 11 May 2020 a share placing and
subscription to raise gross proceeds of US$85.8 million
(approximately GBP69.4 million) from new and existing institutional
investors (the "Fundraising"). The Fundraising was successfully
completed on 18 May 2020 when the Company's new and existing
ordinary shares were 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. At this date, the
Company's issued share capital totalled 707,085,502 ordinary
shares.
The Company confirms that following the Fundraising the
shareholdings of the Directors remained unchanged and their
interests in the Company are as set out below:
Pre-Fundraising Post- Fundraising
ordinary shares ordinary shares Current
held held Change % of holdings
---------------- ----------------- ------- --------------
Robert Hutson Jr. 20,860,000 20,860,000 - - 2.95%
Bradley Gray 2,282,981 2,282,981 - - 0.32%
Martin Thomas 2,150,000 2,150,000 - - 0.30%
David Johnson 375,000 375,000 - - 0.05%
David J. Turner,
Jr 247,000 247,000 - - 0.03%
Sandra Stash - - - - -
Melanie Little - - - - -
Mr Robert Post, former Director and Board Chairman, confirmed to
the Company that his holdings also remain unchanged at 20,300,000
ordinary shares (or, 2.87% of issued share capital).
Enquiries
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief Executive Officer
Brad Gray, Chief Operating Officer
Eric Williams, Chief Financial Officer
Teresa Odom, Vice President, Investor
Relations
www.dgoc.com + 1 (205) 408 0909
Buchanan
(Financial Public Relations)
Ben Romney
Chris Judd
Kelsey Traynor
James Husband
dgo@buchanan.uk.com +44 (0)20 7466 5000
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)
1a. Identity of the issuer or the Diversified Gas & Oil plc
underlying issuer of existing shares
to which voting rights are attached
:
---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights X
------------------
Other (please specify):
------------------
3. Details of person subject to the notification obligation
Name Robert Hutson Jr
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
---------------------------------------------------------
City and country of registered office
(if applicable)
---------------------------------------------------------
5. Date on which the threshold was 18/05/2020
crossed or reached :
---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 22/05/2020
---------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer (vii)
of 8. A) (total of 8.B
1 + 8.B 2)
----------------------- ------------------- ---------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 2.95% - 2.95% 707,085,502
----------------------- ------------------- ---------------- ------------------
Position of
previous notification
(if
applicable) 3.25% - 3.25%
----------------------- ------------------- ---------------- ------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
GB00BYX7JT74 20,860,000 2.95%
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. A 20,860,000 2.95%
------------------------------------------- ---------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ---------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period settlement
--------------------- --------------------- --------------- -----------------
SUBTOTAL 8.B.2
--------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (xiv) (please add additional
rows as necessary)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
-------------------------------- ------------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
---------------------------------------------------
The number and % of voting rights
held
---------------------------------------------------
The date until which the voting rights
will be held
---------------------------------------------------
11. Additional information
Place of completion Birmingham, AL USA
Date of completion 22 May 2020
-------------------
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)
1a. Identity of the issuer or the Diversified Gas & Oil plc
underlying issuer of existing shares
to which voting rights are attached
:
---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights X
------------------
Other (please specify):
------------------
3. Details of person subject to the notification obligation
Name Robert Post
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
---------------------------------------------------------
City and country of registered office
(if applicable)
---------------------------------------------------------
5. Date on which the threshold was 18/05/2020
crossed or reached :
---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 22/05/2020
---------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issue
of 8. A) (total of 8.B
1 + 8.B 2)
----------------------- ------------------- ---------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 2.87% - 2.87% 707,085,502
----------------------- ------------------- ---------------- ------------------
Position of
previous notification
(if
applicable) 3.16% - 3.16%
----------------------- ------------------- ---------------- ------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
GB00BYX7JT74 20,300,000 2.87%
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. A 20,300,000 2.87%
------------------------------------------- ---------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ---------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period settlement
--------------------- --------------------- --------------- -----------------
SUBTOTAL 8.B.2
--------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary)
Name % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
------------------------------------- ------------------------ ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
--------------------------------------------------
The number and % of voting rights
held
--------------------------------------------------
The date until which the voting rights
will be held
--------------------------------------------------
11. Additional information
Place of completion Birmingham, AL USA
Date of completion 22 May 2020
-------------------
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END
MSCBSGDUIUDDGGL
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