Victoria Oil & Gas PLC Issue of Shares (7279T)
July 05 2018 - 5:00AM
UK Regulatory
TIDMVOG
RNS Number : 7279T
Victoria Oil & Gas PLC
05 July 2018
Victoria Oil & Gas PLC (AIM: VOG)
5 July 2018
Victoria Oil & Gas Plc
("VOG" or "the Company")
Issue of Shares in Lieu of cash payment to a supplier and bonus
awards to employees
Victoria Oil & Gas Plc announces that a total of 5,386,729
new Ordinary Shares of 0.5p have been issued by the Company in
respect of the following:
-- a total of 4,814,815 Ordinary Shares to a supplier in lieu of
cash payment to be subscribed at 29.97 pence per share, being the
volume weighted average share price for five working days preceding
6 June 2018, the date of the settlement offer from the Group.
-- a total of 571,914 Ordinary Shares for bonus awards made to
certain employees of the Group for the year ended 31 December 2017.
The bonus awards are subscribed at 29.97 pence per share, being the
volume weighted average share price five working days preceding 6
June 2018. Directors were not granted bonus awards.
An application has been made to the London Stock Exchange for
the admission of the new Ordinary Shares to trading on AIM
("Admission"). Admission is expected to become effective and
dealings in the new Ordinary Shares are expected to commence at
8.00 a.m. on 10 July 2018. Following Admission, the Company will
have 150,446,457 Ordinary Shares in issue.
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Kevin Foo / Ahmet Dik Tel: +44 (0) 20 7921 8820
Strand Hanson Limited (Nominated and Financial Adviser)
Rory Murphy / Angela Hallett / Ritchie Balmer Tel: +44 (0) 20
7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 20 7408
4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / David van Erp Tel: +44 (0) 20 7448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 20 3757 4983
Nick Hennis Tel: +44 (0) 20 3781 8330
This announcement contains inside information.
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END
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