Director/PDMR Shareholding
28 September 2021
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 further to the completion of the Company's Placing and Subscription (together the "Fundraise"), IOG is pleased to confirm the participation in the Fundraise by certain Directors, persons discharging managerial responsibilities ("PDMRs") of the Company, and persons closely associated ("PCAs") with them. Their participation in the Fundraise and revised shareholdings are shown below:
|
Director/Senior manager |
Role | Number of New Ordinary Shares subscribed for | Resulting number of Ordinary Shares held | Percentage of Enlarged Share Capital held on Admission (%) |
| Fiona MacAulay | Non-Executive Chair | 20,000 | 220,000 | 0.042 |
| Neil Hawkings | Non-Executive Director | 20,000 | 20,000 | 0.004 |
| Andrew Hockey | CEO | 40,000 | 830,729 | 0.159 |
| Rupert Newall | CFO | 40,000 | 3,807,050 | 0.727 |
| David Gibson | COO | 40,000 | 40,000 | 0.008 |
| James Chance | Head of Capital Markets & ESG | 40,000 | 618,463 | 0.118 |
The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.
Enquiries:
|
IOG plc |
+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 / Chris McMahon / Oliver Clark |
+44 (0) 20 7390 0230 |
About IOG:
IOG's Saturn Banks Project targets a gross peak production rate of 140 mmscf/d (c. 24,000 Boe/d) from gross 2P gas reserves of 302 Bcfe¹ and management estimated 2C gas Contingent Resources of 132 Bcfe, via an efficient hub strategy based on co-owned infrastructure. In addition to its 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C contingent resources at Goddard, it has management estimated gross 2C contingent resources of 23 Bcfe at Abbeydale and gross unrisked mid-case prospective resources of 36 Bcfe at Kelham North, 42 Bcfe at Kelham Central, 58 Bcfe at Thornbridge, 31 Bcfe at Southsea, 28 Bcfe and 19 Bcfe in the two Goddard flank structures, and 21 Bcfe at Harvey. The Orrell discovery, with management estimated gross 2C contingent resources of 42 Bcfe, also lies approximately 50% on the P2442 licence held 50% by IOG.
In December 2020 IOG was also awarded a 50% operated stake in Licence P2589, containing the Panther and Grafton gas discoveries with management estimated gross mid-case contingent resources of 46 Bcfe and 35 Bcfe respectively. In addition, IOG continues to pursue value accretive acquisitions to help generate further significant shareholder returns.
¹ ERC Equipoise Competent Persons Report: October 2017, adjusted by Management to account for updated project timing and compression
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 | Non-Executive 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 | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BF49WF64 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price and volume |
|
||||
| d) | Aggregated information: Aggregated volume Price |
20,000 25.00 p |
||||
| e) | Date of the transaction | 28 September 2021 | ||||
| f) | Place of the transaction |
|
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|
1. |
Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Neil Hawkings | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BF49WF64 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price and volume |
|
||||
| d) | Aggregated information: Aggregated volume Price |
20,000 25.00 p |
||||
| e) | Date of the transaction | 28 September 2021 | ||||
| f) | Place of the transaction |
|
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Andrew Hockey | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | CEO | ||||
| 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 | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BF49WF64 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price and volume |
|
||||
| d) | Aggregated information: Aggregated volume Price |
40,000 25.00 p |
||||
| e) | Date of the transaction | 28 September 2021 | ||||
| f) | Place of the transaction |
|
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Rupert Newall | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | CFO | ||||
| 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 | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BF49WF64 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price and volume |
|
||||
| d) | Aggregated information: Aggregated volume Price |
40,000 25.00 p |
||||
| e) | Date of the transaction | 28 September 2021 | ||||
| f) | Place of the transaction |
|
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David Gibson | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | COO | ||||
| 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 | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BF49WF64 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price and volume |
|
||||
| d) | Aggregated information: Aggregated volume Price |
40,000 25.00 p |
||||
| e) | Date of the transaction | 28 September 2021 | ||||
| f) | Place of the transaction |
|
||||
|
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 | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BF49WF64 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
|
||||
| d) | Aggregated information: Aggregated volume Price (s) |
40,000 25.00 |
||||
| e) | Date of the transaction | 28 September 2021 | ||||
| f) | Place of the transaction |
|
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