Independent Oil & Gas PLC Issue of New Shares and Director Shareholding (9398M)
May 03 2018 - 1:00AM
UK Regulatory
TIDMIOG
RNS Number : 9398M
Independent Oil & Gas PLC
03 May 2018
3 May 2018
Independent Oil and Gas plc
Issue of New Shares and Director Shareholding
Independent Oil and Gas plc ('IOG' or the 'Company) (AIM:
IOG.L), the development and production focused oil and gas company,
has today issued a total of 39,562 ordinary shares ('New Ordinary
Shares') in the capital of the Company.
On 2 May 2018, a notice was submitted by a past member of the
Company's management team, to exercise 39,562 1p options over
Ordinary Shares awarded to him, pursuant to a share option
agreement dated 1 September 2016.
The Company has applied to the London Stock Exchange for
admission of the New Ordinary Shares to trade on AIM ('Admission').
Admission is expected to occur on 9 May 2018. Following Admission
there will be 123,183,137 Ordinary Shares in issue. Accordingly,
this number may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the
Company under the FCA's Disclosure and Transparency Rules.
-ENDS-
Certain information communicated in this announcement was, prior
to its publication, inside information for the purposes of Article
7 of Regulation 596/2014.
Enquiries:
Independent Oil and Gas plc
Andrew Hockey (CEO) +44 (0) 20 3879
James Chance (CFO) 0510
finnCap Ltd
Christopher Raggett / Anthony
Adams
(Corporate Finance)
Emily Morris / Camille Gochez +44 (0) 20 7220
(Corporate Broking) 0500
Camarco
Georgia Edmonds / Tom Huddart +44 (0) 20 3757
/ Monique Perks 4980
About Independent Oil and Gas:
IOG owns substantial low risk, high value gas Reserves in the UK
Southern North Sea. The Company is targeting a 2P peak production
rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial
current portfolio (2P Reserves of 303 bcf) via an efficient hub
strategy. Alongside this it continues to pursue value accretive
acquisitions, to generate significant shareholder returns. All
IOG's licences are owned 100% and operated by IOG.
Further information can be found on
www.independentoilandgas.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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