Business
Issue of Equity, Director Dealing & TVR
Issue of Equity, Director Dealing & TVR.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3308V Nostra Terra Oil & Gas Company PLC 05 April 2019 \n\n5 April 2019\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nIssue of Equity, Director Dealing & TVR\n \nNostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that, further to its announcement of 25 October 2018, it has issued 1,304,628 new ordinary shares of 0.1p each in the capital of the Company (\"Ordinary Shares\") to Trey Resources, Inc (the \"Trey Shares\") at a price of 2.65 pence per share (the \"Issue Price\"). The Issue Price and number of Trey Shares has been calculated based on the average closing price of Nostra Terra's Ordinary Shares on AIM over the last 10 days of each month from October 2018 to February 2019 and the quantum of each monthly invoice submitted by Trey.\n \nIn addition, the Company announces that it has issued 704,389 new Ordinary Shares to Mr Ewen Ainsworth, Non-Executive Chairman of Nostra Terra, for the period from March 2018 to March 2019 (the \"Fee Shares\"). As previously announced, Mr Ainsworth is entitled to receive 40 per cent of his annual director's and consultancy fee in share-based payments. 469,581 of such Fee Shares have been issued to Discovery Energy Limited, a company controlled by Mr Ainsworth, with 234,808 Fee Shares issued directly to Mr Ainsworth.\n \nThe number of Fee Shares was calculated on the basis of the closing price for each calendar month during the thirteen-month period to March 2019. This results in a weighted average issue price for the Fee Shares of 3.08 pence per share.\n \nApplication will be made to the London Stock Exchange for admission of the Trey Shares and the Fee Shares to trading on AIM (\"Admission\") and it is expected that Admission will take place, and that trading will commence, on AIM on 10 April 2019. \n \nFollowing Admission, the Company will have 197,131,903 Ordinary Shares in issue and allotted, with each share carrying the right to one vote. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 197,131,903. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will d...