TIDMNOG
RNS Number : 1174J
Nostrum Oil & Gas PLC
30 November 2018
London, 30 November 2018
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS
DISCHARGING MANAGERIAL
RESPONSIBILITIES AND CONNECTED PERSONS
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with Article 19 of the Market
Abuse Regulation.
On 28 November 2018, the following awards under, or subject to
the terms of, the Nostrum Oil & Gas PLC Long Term Incentive
Plan 2017 (the "LTIP") were made to certain PDMR of the
Company:
PDMR No. of shares under award
Kai-Uwe Kessel 332,706
--------------------------
Tom Richardson 227,305
--------------------------
Thomas Hartnett 107,020
--------------------------
Sergey Khafizov 51,139
--------------------------
Arkadi Epifanov 37,396
--------------------------
Heinz Wendel 64,937
--------------------------
Zhomart Darkeev 24,368
--------------------------
The awards are structured as options with an exercise price of 1
pence per share over ordinary shares of nominal value of 1 pence
each except for awards to participants based in Russia, where the
awards are structured as Cash Conditional Awards over notional
shares.
The awards will ordinarily become exercisable as from the later
of the third anniversary of the grant date and the date on which
the Company determines whether the performance condition has been
wholly or partly satisfied, subject to the grantee's continued
service and the extent to which performance conditions are
satisfied.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kai-Uwe Kessel
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Executive Officer (PDMR)
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ----------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 1 pence each in
instrument, type of Nostrum Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Nostrum
Oil & Gas PLC Long Term Incentive Plan
2017. The award will ordinarily become
exercisable as from the later of the
third anniversary of the grant date
and the date on which the Company determines
whether the performance condition has
been wholly or partly satisfied, subject
to the grantee's continued service
and the extent to which performance
conditions are satisfied. The award
has an option price of 1 pence per
share, subject to being waived by the
Company.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 332,706
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tom Richardson
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Financial Officer (PDMR)
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ----------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 1 pence each in
instrument, type of Nostrum Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Nostrum
Oil & Gas PLC Long Term Incentive Plan
2017. The award will ordinarily become
exercisable as from the later of the
third anniversary of the grant date
and the date on which the Company determines
whether the performance condition has
been wholly or partly satisfied, subject
to the grantee's continued service
and the extent to which performance
conditions are satisfied. The award
has an option price of 1 pence per
share, subject to being waived by the
Company.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 227,305
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Thomas Hartnett
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Legal Officer and Company Secretary
(PDMR)
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ----------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 1 pence each in
instrument, type of Nostrum Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Nostrum
Oil & Gas PLC Long Term Incentive Plan
2017. The award will ordinarily become
exercisable as from the later of the
third anniversary of the grant date
and the date on which the Company determines
whether the performance condition has
been wholly or partly satisfied, subject
to the grantee's continued service
and the extent to which performance
conditions are satisfied. The award
has an option price of 1 pence per
share, subject to being waived by the
Company.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 107,020
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sergey Khafizov
------------------------------- ------------------------------------------
2 Reason for Notification
---------------------------------------------------------------------------
a) Position/status Chief Business Development Officer
(PDMR)
------------------------------- ------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ------------------------------------------
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 financial Ordinary Shares of 1pence each in Nostrum
instrument, type of Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ------------------------------------------
b) Nature of the transaction Grant of a Cash Conditional Award under
the Nostrum Oil & Gas PLC Long Term
Incentive Plan 2017. The award will
ordinarily become exercisable as from
the later of the third anniversary
of the grant date and the date on which
the Company determines whether the
performance condition has been wholly
or partly satisfied, subject to the
grantee's continued service and the
extent to which performance conditions
are satisfied.
------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,139
----------
------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Arkadi Epifanov
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Commercial Officer (PDMR)
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ----------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 1 pence each in
instrument, type of Nostrum Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Nostrum
Oil & Gas PLC Long Term Incentive Plan
2017. The award will ordinarily become
exercisable as from the later of the
third anniversary of the grant date
and the date on which the Company determines
whether the performance condition has
been wholly or partly satisfied, subject
to the grantee's continued service
and the extent to which performance
conditions are satisfied. The award
has an option price of 1 pence per
share, subject to being waived by the
Company.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 37,396
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Heinz Wendel
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Operating Officer (PDMR)
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ----------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 1 pence each in
instrument, type of Nostrum Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Nostrum
Oil & Gas PLC Long Term Incentive Plan
2017. The award will ordinarily become
exercisable as from the later of the
third anniversary of the grant date
and the date on which the Company determines
whether the performance condition has
been wholly or partly satisfied, subject
to the grantee's continued service
and the extent to which performance
conditions are satisfied. The award
has an option price of 1 pence per
share, subject to being waived by the
Company.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 64,937
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Zhomart Darkeev
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status General Director, Zhaikmunai LLP (PDMR)
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Nostrum Oil & Gas PLC
------------------------------- ----------------------------------------------
b) LEI 2138007VWEP4MM3J8B29
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 1 pence each in
instrument, type of Nostrum Oil & Gas PLC
instrument GB00BGP6Q951
Identification code
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Nostrum
Oil & Gas PLC Long Term Incentive Plan
2017. The award will ordinarily become
exercisable as from the later of the
third anniversary of the grant date
and the date on which the Company determines
whether the performance condition has
been wholly or partly satisfied, subject
to the grantee's continued service
and the extent to which performance
conditions are satisfied. The award
has an option price of 1 pence per
share, subject to being waived by the
Company.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 24,368
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
LEI: 2138007VWEP4MM3J8B29
Further information:
For further information please visit www.nog.co.uk
Further enquiries:
Nostrum Oil & Gas PLC - Investor Relations
Kirsty Hamilton-Smith
Amy Barlow
+44 203 740 7433
ir@nog.co.uk
Instinctif Partners - UK
David Simonson
George Yeomans
+ 44 (0) 207 457 2020
Promo Group Communications - Kazakhstan
Asel Karaulova
Irina Noskova
+ 7 (727) 264 67 37
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent oil and gas company
currently engaging in the production, development and exploration
of oil and gas in the pre-Caspian Basin. Its shares are listed on
the London Stock Exchange (ticker symbol: NOG). The principal
producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye
field, in which it holds a 100% interest and is the operator
through its wholly-owned subsidiary Zhaikmunai LLP. In addition,
Nostrum Oil & Gas holds a 100% interest in and is the operator
of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil
and gas fields through the same subsidiary. Located in the
pre-Caspian basin to the north-west of Uralsk, these exploration
and development fields are situated between approximately 60 and
120 kilometres from the Chinarevskoye field.
Forward-Looking Statements
Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Company or its officers with
respect to various matters. When used in this document, the words
"expects", "believes", "anticipates", "plans", "may", "will",
"should" and similar expressions, and the negatives thereof, are
intended to identify forward-looking statements. Such statements
are not promises or guarantees, and are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to
constitute, an invitation or inducement to invest in the Company or
any other entity, and shareholders of the Company are cautioned not
to place undue reliance on the forward-looking statements. Save as
required by the Listing Rules and applicable law, the Company does
not undertake to update or change any forward-looking statements to
reflect events occurring after the date of this announcement.
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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