Director & PDMR Dealings
21 October 2022
IOG plc
Director & PDMR Dealings
IOG plc (“IOG”, or “the Company”), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, announces that certain Directors and persons discharging managerial responsibilities (“PDMRs”) of the Company have purchased in the market a total of 1,050,423 ordinary shares of 1p each (“Ordinary Shares”) at an average price of 9.60p per Ordinary Share, equating to aggregate value of £100,792 as follows:
|
Director/PDMR |
Role |
Number of Ordinary Shares purchased |
Resultant number of Ordinary Shares beneficially held |
Resultant percentage of issued share capital beneficially held |
|
Fiona MacAulay |
Chair |
49,178 |
269,218 |
0.05% |
|
Rupert Newall |
CEO |
600,000 |
4,407,050 |
0.84% |
|
Dougie Scott |
COO |
192,289 |
192,289 |
0.04% |
|
John Arthur |
CFO |
101,430 |
101,430 |
0.02% |
|
James Chance |
Head of Capital Markets & ESG |
107,526 |
939,725 |
0.18% |
In addition, Andrew Hockey (former CEO of the Company) purchased 506,535 Ordinary Shares. His resultant beneficial shareholding is 1,427,264 Ordinary Shares, representing 0.27% of the issued share capital.
Other IOG employees have purchased 81,000 Ordinary Shares.
The total number of Ordinary Shares purchased by IOG personnel was therefore 1,637,958 Ordinary Shares.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Fiona MacAulay |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chair |
|
|
b)
|
Initial notification /Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
IOG plc |
|
|
b) |
LEI |
2138005OA2NLZS2NRT74 |
|
|
4
|
Details 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 |
||
|
a)
|
Description of the financial instrument, type of instrument |
IOG plc Ordinary Shares of 1p each |
|
|
|
|
||
|
Identification code |
ISIN: GB00BF49WF64 |
||
|
|
|
||
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
10.10p 10.19p |
18,223 30,955 |
||
|
d) |
Aggregated information |
Purchase of 49,178 Ordinary Shares at an average price of 10.15p per Ordinary Share |
|
|
e) |
Date of the transactions |
20 October 2022 |
|
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Rupert Newall |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chief Executive Officer |
|
|
b)
|
Initial notification /Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
IOG plc |
|
|
b) |
LEI |
2138005OA2NLZS2NRT74 |
|
|
4
|
Details 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 |
||
|
a)
|
Description of the financial instrument, type of instrument |
IOG plc Ordinary Shares of 1p each |
|
|
|
|
||
|
Identification code |
ISIN: GB00BF49WF64 |
||
|
|
|
||
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
9.40p 9.34p 9.40p 9.40p 9.19p 9.20p 9.30p 9.40p |
50,000 50,000 100,000 50,000 100,000 100,000 100,000 50,000 |
||
|
d) |
Aggregated information
|
Purchase of 600,000 Ordinary Shares at an average price of 9.31p per Ordinary Share |
|
|
e) |
Date of the transactions |
20 October 2022 |
|
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Dougie Scott |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chief Operating Officer |
|
|
b)
|
Initial notification /Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
IOG plc |
|
|
b) |
LEI |
2138005OA2NLZS2NRT74 |
|
|
4
|
Details 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 |
||
|
a)
|
Description of the financial instrument, type of instrument |
IOG plc Ordinary Shares of 1p each |
|
|
|
|
||
|
Identification code |
ISIN: GB00BF49WF64 |
||
|
|
|
||
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
10.10p 10.10p 10.39p 10.44p 10.48p 10.48p |
19,473 19,473 48,065 47,847 47,675 9,486 |
||
|
d) |
Aggregated information |
Purchase of 192,289 Ordinary Shares at an average price of 10.37p per Ordinary Share |
|
|
e) |
Date of the transactions |
20 October 2022 |
|
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
John Arthur |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chief Financial Officer |
|
|
b)
|
Initial notification /Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
IOG plc |
|
|
b) |
LEI |
2138005OA2NLZS2NRT74 |
|
|
4
|
Details 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 |
||
|
a)
|
Description of the financial instrument, type of instrument |
IOG plc Ordinary Shares of 1p each |
|
|
|
|
||
|
Identification code |
ISIN: GB00BF49WF64 |
||
|
|
|
||
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
9.86p |
101,430 |
||
|
d) |
Aggregated information
|
Purchase of 101,430 Ordinary Shares at an average price of 9.86p per Ordinary Share |
|
|
e) |
Date of the transactions |
20 October 2022 |
|
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
James Chance |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Head of Capital Markets & ESG |
|
|
b)
|
Initial notification /Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
IOG plc |
|
|
b) |
LEI |
2138005OA2NLZS2NRT74 |
|
|
4
|
Details 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 |
||
|
a)
|
Description of the financial instrument, type of instrument |
IOG plc Ordinary Shares of 1p each |
|
|
|
|
||
|
Identification code |
ISIN: GB00BF49WF64 |
||
|
|
|
||
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
9.30p |
107,526 |
||
|
d) |
Aggregated information
|
Purchase of 107,526 Ordinary Shares at an average price of 9.30p per Ordinary Share |
|
|
e) |
Date of the transactions |
20 October 2022 |
|
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
Enquiries:
|
IOG plc Rupert Newall (CEO) James Chance (Head of Capital Markets & ESG)
|
+44 (0) 20 7036 1400 |
|
finnCap Ltd Christopher Raggett / Simon Hicks
|
+44 (0) 20 7220 0500 |
|
Peel Hunt LLP Richard Crichton / David McKeown |
+44 (0) 20 7418 8900 |
|
|
|
|
Vigo Consulting Patrick d'Ancona / Finlay Thomson
|
+44 (0) 20 7390 0230 |
About IOG:
IOG is a Net Zero UK gas and infrastructure operator focused on high-return projects. The Company’s operations are currently concentrated around its offshore and onshore Saturn Banks infrastructure in the UK Southern North Sea. Phase 1 of its Saturn Banks Project, which started production in March 2022, entails the commercialisation of the Blythe, Elgood and Southwark gas fields through this infrastructure. Phase 2 of the Saturn Banks Project entails the Nailsworth, Goddard and Elland gas discoveries, which are subject to future investment decisions and expected to be commercialised through the same export infrastructure. The Company also holds further licences with additional resources including the Abbeydale, Panther and Grafton gas discoveries, the Kelham North, Kelham Central, Thornbridge and Thornbridge Deep prospects, and part of the Orrell gas discovery. Currently, all IOG’s licences are held 50:50 with its joint venture partner CalEnergy Resources (UK) Limited and operated by IOG. In addition, the Company continually evaluates further opportunities for accretive portfolio additions to help generate additional shareholder returns. Further details are available at www.iog.co.uk.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.