United Oil & Gas PLC (UOG.L) Issue of Options and Director/PDMR Notification

United Oil & Gas Plc, the AIM traded oil and gas exploration, development and production company, announces the award of options (the “Options”) over a total of 14,767,500 new ordinary shares in the capital of the Company (“Ordinary Shares”) to Directors of United on the following terms:

(a) an exercise price of 4 pence;

(b) date of grant: 17 June 2020;

(c) a vesting period of three years from the date of granting; and

(d) expiry date of 16 June 2030.

The Options represent, in aggregate, approximately 2.39 per cent. of the existing issued share capital of the Company. Following the issue, the Company has a total of 37,612,626 options outstanding, representing approximately 6.07 per cent. of the existing issued share capital of the Company.

These are the first stock options granted to most Directors since 2018. Granting these Options will bring the Executive Directors closer to their peer group in terms of remuneration, in the most cost-effective way possible for the business.

Following the award of these Options, the Directors hold the following Options:

Image 2020 06 17 at 8.41.49 AM 300x162 - United Oil & Gas PLC (UOG.L) Issue of Options and Director/PDMR Notification

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).

**ENDS**

Full update http://www.share-talk.co.uk/announcements/rns/united-oil-gas-plc/issue-of-options-and-director-pdmr-notification/202006170700051577Q


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

uog - United Oil & Gas PLC (UOG.L) Issue of Options and Director/PDMR Notificationuog - United Oil & Gas PLC (UOG.L) Issue of Options and Director/PDMR Notification
Share via
Copy link
Malcare WordPress Security