Diversified Gas & Oil (LON:DGOC) Vesting of RSUs, PDMR dealing and TVR

Diversified Gas & Oil PLC (AIM: DGOC), the US-based owner and operator of natural gas, natural gas liquids and oil wells and as well as midstream assets, announced on 2 November 2017 and 26 July 2018 the award of Restricted Stock Units (“RSUs”).

Issued under the Company’s equity incentive plan (the “Plan”) to certain of the Company’s directors and senior management. In accordance with the terms of the Plan, 32,486 RSU’s have vested and the Company has therefore issued and allotted an aggregate of 32,486 new ordinary shares of 1 penny each in the Company (the “New Shares”) to two members of the management team.

Application has been made for the New Shares to be admitted to trading on AIM which is expected to occur on or around 5 August 2019. The New Shares will rank pari passu in all respects with the Company’s existing ordinary shares of 1 pence each (“Ordinary Shares”).

Of the New Shares, Michael Garrett, Controller and PDMR, has received 16,337 of the New Shares (net of withholding tax). Mr Garrett’s interest in the Company now comprises 16,337 Ordinary Shares, representing 0.002% of the Company’s issued share capital. Mr Garrett also holds 950,000 options over Ordinary Shares and RSUs over a further 50,000 Ordinary Shares.

Following the issue of the New Shares, the Company has 669,678,613 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 669,678,613 may be used by the Company’s shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

Full RNS Link HERE


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