Business
Issue of Share Options
Issue of Share Options.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n RNS Number : 2944O\n United Oil & Gas PLC\n 29 May 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 29 May 2020\n \n \n \n \n \n The Board of Directors of United Oil & Gas Plc, the AIM traded oil and gas exploration, development and production company, has awarded the following options (the \"Share Options\") to Chief Financial Officer, David Quirke: \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 David Quirke\n \n \n \n \n Chief Financial Officer\n \n \n \n \n 3,666,667\n \n \n \n \n 3,666,667\n \n \n \n \n \n \n \n \n The Share Options relate to a contractual award on commencement of employment, but the issuance of the options has been delayed due to closed periods primarily relating to the financial results of the Company and the suspension of trading in the Company's shares during the second half of 2019, as a result of the Rockhopper Egypt acquisition. The Share Options are awarded with the following terms and conditions: \n \n \n (a) an exercise price of 3 pence; \n \n \n (b) a vesting period of three years from the date of granting; and \n \n \n (c) an expiry date of ten years from the date of award.\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 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \n \n \n \n \n 1\n \n \n \n \n Details of the person discharging managerial responsibilities / person closely associated\n \n \n \n \n \n \n a)\n \n \n \n \n Name\n \n \n \n \n David Quirke\n \n \n \n \n \n \n \n \n \n 2\n \n \n \n \n Reason for notification\n \n \n \n \n \n \n a)\n \n \n \n \n Position / status\n \n \n \n \n Chief Financial Officer\n \n \n \n \n \n \n \n \n \n b)\n \n \n \n \n I\n nitial notification\n \n \n /Amendment\n \n \n \n \n Initial \n \n \n \n \n \n \n 3\n \n \n \n \n Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauc...