Business
Notification of Transactions of Director/Persons
Notification of Transactions of Director/Persons.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 0131Z Nostrum Oil & Gas PLC 11 December 2017 \n\n \n \nAmsterdam, 11 December 2017\n \n \nNOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS\n \nDISCHARGING MANAGERIAL\n \nRESPONSIBILITIES AND CONNECTED PERSONS\n \n \n \nNotification and public disclosure of a transaction by a person discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulation.\nOn 11 December 2017, the Company made an award to Martin Cocker under, or subject to the terms of, the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017 (the \"LTIP\").\nThe award is structured as options with an exercise price of 1 pence per share over ordinary shares of nominal value of 1 pence each.\nThe 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. \nDetails of the full notification received by the Company are set out below.\n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nMartin Cocker\n\n\n\n\n2\n\n\nReason for Notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nIndependent Non-Executive Director (PDMR)\n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial Notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nNostrum Oil & Gas PLC\n\n\n\n\nb)\n\n\nLEI\n\n\n2138007VWEP4MM3J8B29\n\n\n\n\n4\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument, type of instrument\nIdentification code \n\n\nOrdinary Shares of 1pence each in Nostrum Oil & Gas PLC\nGB00BGP6Q951\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nGrant of an award subject to the terms of the Nostrum Oil & Gas PLC Long Term Incentive Plan 2017. The award will ordinarily become exercisa...