Business
Issue of Options and Director/PDMR Shareholding
Issue of Options and Director/PDMR Shareholding.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2383D\n United Oil & Gas PLC\n 27 October 2020\n \n \n \n \n United Oil & Gas Plc / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n \n United Oil & Gas Plc\n \n \n ('United' or 'the Company') \n \n \n Issue of Share Options\n \n \n Director/PDMR Shareholding\n \n \n \n \n \n 27 October 2020\n \n \n \n \n \n The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, the growing oil and gas company with a portfolio of production, development and exploration assets , has awarded the following options (the \"Share Options\") to Non-Executive Director, Iman Hill:\n \n \n \n \n \n Director / PDMR\n \n \n \n \n Position\n \n \n \n \n Options Awarded \n \n \n \n \n Total Options Held\n \n \n \n \n \n \n Iman Hill \n \n \n \n \n Non-Executive Director\n \n \n \n \n 1,481,481\n \n \n \n \n 1,481,481\n \n \n \n \n \n \n \n \n The Share Options relate to a contractual award on commencement of employment and were granted on 29 September 2020; but the issuance has been delayed due to closed periods primarily relating to the financial results of the Company.\n \n \n The Share Options are awarded with the following terms and conditions:\n \n \n (a) \n an exercise price of 2.7 pence;\n \n \n (b) \n a vesting period of three years from the date of grant;\n \n \n (c) \n an expiry date of 28 September 2030.\n \n \n The total options in issue post the award of Share Options outlined above will be 46,767,691 or 7.48% of the issued share capital of 625,153,969 shares. \n \n \n This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).\n \n \n **ENDS**\n \n \n \n \n \n United Oil & Gas Plc (Company)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Brian Larkin, CEO\n \n \n \n \n [email protected]\n \n \n \n \n \n \n Beaumont Cornish Limited (Nominated Adviser)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Roland Cornish and Felicity Geidt\n \n \n \n \n +44 (0) 20 7628 3396\n \n \n \n \n \n \n Optiva Securities Limited (Joint Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Christian Dennis\n \n \n \n \n +44 (0) 20 3137 1902\n \n \n \n \n \n \n Cenkos Securities Plc (Joint Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Joe Nally (Corporate Brok...