RNS Number : 4137G
UK Oil & Gas Investments PLC
26 May 2017
 

 

UK Oil & Gas Investments PLC

 

("UKOG" or the "Company")

Grant of Stock Options to Directors, Employees and Consultants.

 

UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that it has granted incentive stock options to directors, employees and consultants of the Company. The stock options were granted on the 25 May 2017 over a total 120 million common shares representing 3.52% of the issued share capital of the Company at an exercise price of 1.15 pence representing an 25% premium to the closing price on 25 May 2017. Of the 120 miilion stock options 45 million were issued to contractors and consultants whom are currently engaged on the Broadford Bridge operations. The remaining stock options were issued to directors and senior management. The stocks options vest immediately and expire on the 24 May 2022. Following this award of options, the total number of shares under option to Directors and Management is 160,000,000 representing 4.69% of the Company's issued share capital.

The allocation of stock options to Persons Discharging Managerial Responsibilites was as follows:

Director

Position

New Options Issued

Total Options Held

Current Shareholding in UKOG

Current Shareholding as a percentage of Curent Issued Share Capital

Stephen Sanderson

CEO & Director

25,000,000

85,000,000

-

-

Matt Cartwright

COO

20,000,000

40,000,000

500,000

0.01%

Kiran Morzaira

Finance Director

20,000,000

25,000,000

4,508,178

0.13%

Allen Howard

Non-Executive Director

10,000,000

10,000,000

-

-

 

For further information, please contact:

 

UK Oil & Gas Investments PLC

Stephen Sanderson / Kiran Morzaria                                                                                      Tel: 01483 243450

 

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Bavister                                                                                                     Tel: 020 7220 1666

 

Cenkos Securities PLC (Joint Broker)

Nick Tulloch / Neil McDonald                                                                                                     Tel: 0131 220 6939

 

Square 1 Consulting (Public Relations)

Brian Alexander / David Bick                                                                                                      Tel: 020 7929 5599

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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