Union Jack Oil PLC Grant of Options (9541U)
July 18 2018 - 1:00AM
UK Regulatory
TIDMUJO
RNS Number : 9541U
Union Jack Oil PLC
18 July 2018
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement
18 July 2018
Union Jack Oil plc
("Union Jack" or the "Company")
Grant of Options
Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon
production, development and exploration company announces that
120,000,000 share options have been granted to David Bramhill,
Executive Chairman and 60,000,000 share options have been granted
to Joe O`Farrell, Executive Director.
The share options have an exercise price of 0.09 pence, being
the mid-market closing price as of 17 July 2018.
The share options vest on the third anniversary of the date of
grant. The exercise period is between the third and tenth
anniversary of the date of grant.
The share options can only be exercised if the share price
trades at a 30% premium to the exercise price in the five
consecutive business days prior to exercise. The terms of the plan,
pursuant to which the share options are being granted, are
consistent with industry practice, including the AIM Rules for
Companies and the Market Abuse Regulation.
The share options granted represent approximately 3.1 per cent.
of the issued share capital.
Related Party Transaction
The grant of the options is a related party transaction for the
purposes of Rule 13 of the AIM Rules for Companies.
Graham Bull and Raymond Godson, being the independent directors,
consider, having consulted the Company's Nominated Adviser, SP
Angel Corporate Finance LLP, that the terms of the related party
transaction are fair and reasonable insofar as the shareholders of
the Company are concerned.
PDMR Notification
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing David Bramhill
----------------------------------------- -------------------------------------------
2. Reason for notification
--------------------------------------------------------------------------------------
(b) Position/status Executive Chairman
----------------------------------------- -------------------------------------------
(c) Initial notification/ Amendment Initial notification
----------------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
(d) Name of entity Union Jack Oil plc
----------------------------------------- -------------------------------------------
(e) LEI 2138005VW7IUUUPY5Q88
----------------------------------------- -------------------------------------------
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 instrument, Options over ordinary
type of instrument shares of 0.025 pence
each in the Company
----------------------------------------- -------------------------------------------
(b) Identification code GB00B814XC94
----------------------------------------- -------------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- -------------------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
0.09 pence 120,000,000
------------
----------------------------------------- -------------------------------------------
(e) Aggregated information: Single transaction
- Aggregated volume as in 4(d) above Prices(s) Volume(s)
- Price 0.09 pence 120,000,000
------------
----------------------------------------- -------------------------------------------
(f) Date of transaction 18 July 2018
----------------------------------------- -------------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- -------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Joseph O'Farrell
----------------------------------------- ---------------------------------------
2. Reason for notification
----------------------------------------------------------------------------------
(a) Position/status Executive Director
----------------------------------------- ---------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
(a) Name of entity Union Jack Oil plc
----------------------------------------- ---------------------------------------
(b) LEI 2138005VW7IUUUPY5Q88
----------------------------------------- ---------------------------------------
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
----------------------------------------------------------------------------------
(c) Description of the financial instrument, Options over ordinary
type of instrument shares of 0.025 pence
each in the Company
----------------------------------------- ---------------------------------------
(d) Identification code GB00B814XC94
----------------------------------------- ---------------------------------------
(e) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
(f) Price(s) and volume(s) Prices(s) Volume(s)
0.09 pence 60,000,000
-----------
----------------------------------------- ---------------------------------------
(g) Aggregated information: Single transaction as
- Aggregated volume in 4(d) above Prices(s) Volume(s)
- Price 0.09 pence 60,000,000
-----------
----------------------------------------- ---------------------------------------
(h) Date of transaction 18 July 2018
----------------------------------------- ---------------------------------------
(i) Place of transaction Outside a trading venue
----------------------------------------- ---------------------------------------
For further information please contact the following:
Union Jack Oil plc +44 (0)7787 160 682
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser
Lindsay Mair
Richard Hail
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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