Lekoil Limited PDMR Dealing (0565G)
July 19 2019 - 1:00AM
UK Regulatory
TIDMLEK
RNS Number : 0565G
Lekoil Limited
19 July 2019
19 July 2019
LEKOIL Limited
("LEKOIL" or the "Company")
PDMR Dealing
LEKOIL (AIM: LEK), the oil and gas exploration and development
company with a focus on Nigeria and West Africa more generally,
announces that it has received notifications that:
-- Mr. Olalekan Akinyanmi, the Chief Executive Officer of the
Company, purchased 915,950 ordinary shares of USD0.00005 par value
each in the Company ("Ordinary Shares") at an average price of 4.2
pence per Ordinary Share on 16 July 2019. Following the
transaction, Mr. Akinyanmi now has a total shareholding in LEKOIL
of 40,248,501 Ordinary Shares representing approximately 7.5 per
cent of the issued ordinary share capital of the Company.
-- Mr. Gregory Eckersley, the Interim Chief Financial Officer of
the Company, purchased 150,000 ordinary shares of USD0.00005 par
value each in the Company at an average price of 4.0 pence per
Ordinary Share on 16 July 2019. Following the transaction, Mr.
Eckersley now has a total shareholding in LEKOIL of 3,153,050
Ordinary Shares representing approximately 0.6 per cent of the
issued ordinary share capital of the Company.
-- Mr. Samuel Olotu, the Chief Technical Officer of the Company,
purchased 235,130 ordinary shares of USD 0.00005 par value each in
the Company at an average price of 4.0 pence per Ordinary Share on
16 July 2019. Following the transaction, Mr. Olotu now has a total
shareholding in LEKOIL of 299,260 Ordinary Shares representing
approximately 0.1 per cent of the issued ordinary share capital of
the Company.
For further information, please visit www.lekoil.com or
contact:
Lekoil Limited
Alfred Castaneda, Investor Relations +44 20 7920 3150
Strand Hanson Limited (Financial &
Nominated Adviser)
James Spinney / Ritchie Balmer / Eric
Allan +44 20 7409 3494
Mirabaud Securities Limited (Joint
Broker) +44 20 7878 3362 / +44 20
Peter Krens / Edward Haig-Thomas 7878 3447
Numis Securities (Joint Broker)
John Prior / Emily Morris +44 20 7260 1000
Tavistock (Financial PR)
Simon Hudson / Barney Hayward / Charles
Vivian +44 20 7920 3150
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) OLALEKAN AKINYANMI
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CHIEF EXECUTIVE OFFICER
------------------------------------- ----------------------------------------
b) Initial notification INITIAL
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name LEKOIL
------------------------------------- ----------------------------------------
b) LEI LEK LN (LEKOF)
------------------------------------- ----------------------------------------
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 ORDINARY SHARES
financial instrument,
type of instrument
------------------------------------- ----------------------------------------
Identification code
------------------------------------- ----------------------------------------
b) Nature of the transaction PURCHASE
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
---- ------------------------------------- ------------------ -----------------
Price(s) Volume(s)
---- ------------------------------------- ------------------ -----------------
4.2 pence 915,950
------------------------------------------------------------- -----------------
d) Aggregated information
---------------------------------------------------------- -------------------
- Aggregated volume 915,950
------------------------------------- ---------------------------------------------
- Price 4.2 pence
------------------------------------- ---------------------------------------------
e) Date of the transaction 16 JULY 2019
------------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON); AIM
------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) GREGORY ECKERSLEY
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status INTERIM CHIEF FINANCIAL OFFICER
------------------------------------- ----------------------------------------
b) Initial notification INITIAL
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name LEKOIL
------------------------------------- ----------------------------------------
b) LEI LEK LN
------------------------------------- ----------------------------------------
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 ORDINARY SHARES
financial instrument,
type of instrument
------------------------------------- ----------------------------------------
Identification code
------------------------------------- ----------------------------------------
b) Nature of the transaction PURCHASE
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
---- ------------------------------------- ------------------ -----------------
Price(s) Volume(s)
---- ------------------------------------- ------------------ -----------------
4.0 pence 150,000
------------------------------------------------------------- -----------------
d) Aggregated information
---------------------------------------------------------- -------------------
- Aggregated volume 150,000
------------------------------------- ---------------------------------------------
- Price 4.0 pence
------------------------------------- ---------------------------------------------
e) Date of the transaction 16 JULY 2019
------------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON); AIM
------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) SAMUEL OLOTU
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CHIEF TECHNICAL OFFICER
------------------------------------- ----------------------------------------
b) Initial notification INITIAL
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name LEKOIL
------------------------------------- ----------------------------------------
b) LEI LEK LN
------------------------------------- ----------------------------------------
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 ORDINARY SHARES
financial instrument,
type of instrument
------------------------------------- ----------------------------------------
Identification code
------------------------------------- ----------------------------------------
b) Nature of the transaction PURCHASE
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
---- ------------------------------------- ------------------ -----------------
Price(s) Volume(s)
---- ------------------------------------- ------------------ -----------------
4.0 pence 235,130
------------------------------------------------------------- -----------------
d) Aggregated information
---------------------------------------------------------- -------------------
- Aggregated volume 235,130
------------------------------------- ---------------------------------------------
- Price 157,000 at 4.0 pence
------------------------------------- ---------------------------------------------
78,130 at 3.9 pence
-----------------------------------------------------------------------------------
e) Date of the transaction 16 JULY 2019
------------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON); AIM
------------------------------------- ----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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