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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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END

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