VGAS Volga Gas Plc

TIDMVGAS

RNS Number : 9045L

Volga Gas PLC

24 July 2017

24 July 2017

Volga Gas plc

("Volga Gas", the "Company" or the "Group")

Director Dealing

Volga Gas announces that on 24 July 2017 Andrey Zozulya, Chief Executive Officer of the Company, was awarded a bonus of payment of 170,000 ordinary shares of 1p each in the Company ('Ordinary Shares').

Following this award, Mr. Zozulya's total beneficial ownership in the Company is 270,000 Ordinary Shares, which represents approximately 0.33% of the Company's issued share capital.

Market Abuse Regulation (MAR) Disclosure

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the dealings by a director.

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:                              Andrey Zozulya 
---  ---------------------------------  ---------------------------------------- 
 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:                              Volga Gas Plc 
---  ---------------------------------  ---------------------------------------- 
 b)   LEI:                               2138005MSA4Q6W8E1R48 
---  ---------------------------------  ---------------------------------------- 
 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 
       instrument, type of instrument:     of 1p each 
       Identification code:                GB00B1VN4809 
---  ---------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:         Purchase of ordinary 
                                          shares 
---  ---------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)       Volume(s) 
                                           -------------  ---------- 
                                            58.25 pence    170,000 
                                           -------------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)    Volume(s) 
       Price:                             ----------  ---------- 
                                           58.25 
                                            pence      170,000 
                                          ----------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 e)   Date of the transaction:           10.44 am on 2017-07-24 
---  ---------------------------------  ---------------------------------------- 
 f)   Place of the transaction:          London Stock 
                                          Exchange, AIM 
                                          Market 
---  ---------------------------------  ---------------------------------------- 
 

For further information, please contact:

 
 Volga Gas plc 
                                               +7 495 721 
 Andrey Zozulya, Chief Executive                1233 
  Officer 
  Vadim Son, Chief Financial Officer            +44 (0)7824 
  Tony Alves, Investor Relations Consultant     884 342 
 
                                               +44 (0)20 3470 
 S.P. Angel Corporate Finance LLP               0470 
 Richard Redmayne, Richard Morrison, 
  Richard Hail 
 
                                               +44 (0)20 3727 
 FTI Consulting                                 1000 
 Edward Westropp, Alex Beagley 
 

Editors' notes:

Volga Gas is an independent oil and gas exploration and production company operating in the Volga region of Russia. The company has 100% interests in its four licence areas.

The information contained in this announcement has been reviewed and verified by Mr. Andrey Zozulya, Director and Chief Executive Officer of Volga Gas plc, for the purposes of the Guidance Note for Mining, Oil and Gas companies issued by the London Stock Exchange in June 2009. Mr. Andrey Zozulya holds a degree in Geophysics and Engineering from the Groznensky Oil & Gas Institute and is a member of the Society of Petroleum Engineers.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 24, 2017 07:11 ET (11:11 GMT)

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