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Director PDMR Shareholdings

Independent Oil and Gas plc (AIM: IOG.L), the development and production focused oil and gas company, announces that further to the completion of the Company's Placing, Subscription and Open Offer (together the “Fundraising”), IOG is pleased to confirm the participation in the Fundraising by certain Directors and persons discharging managerial responsibilities (“PDMRs”) of the Company. Their participation in the Fundraising and revised shareholdings are shown below:
 

Director/Senior manager

Role

Number of Subscription Shares subscribed for

Number of Open Offer Shares received  

Resultant number of Ordinary Shares held

Percentage of Enlarged Share Capital held

Fiona MacAulay

Non-Executive Chair

200,000

-

200,000

0.06%

Andrew Hockey

CEO

100,000

-

100,000

0.03%

Mark Hughes

COO

100,000

28,105

306,105

0.09%

James Chance

CFO (PDMR)

100,000

-

100,000

0.03%

Esa Ikaheimonen

Non-Executive Director

500,000

-

500,000

0.15%

Rupert Newall Head of Corporate Finance (PDMR) 300,000 300,000 0.09% -
Gavin Milne Financial Controller (PDMR) 100,000 - 100,000 0.03%
 
 
For more information please contact:
Independent Oil & Gas PLC
Andrew Hockey (CEO)
James Chance (CFO)
Rupert Newall (Head of Corporate Finance)
+44 (0) 20 3879 0510
finnCap Ltd (Nominated Adviser and Joint Bookrunner)
Christopher Raggett, Simon Hicks (Corporate Finance)
Camille Gochez (Corporate Broking)
 
+44 (0) 20 7220 0500
Peel Hunt LLP (Joint Bookrunner)
Richard Crichton
David McKeown
 
+44 (0) 20 7418 8900
GMP First Energy (Joint Bookrunner)
Jonathan Wright
 
+44 (0) 20 7448 0200
Vigo Communications
Patrick d’Ancona
Chris McMahon
Simon Woods
 
+44 (0) 20 7390 0230
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
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 200,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)
 
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
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 100,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)
 
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Mark Hughes
2. Reason for the notification
(a) Position/status COO
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 100,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)
 
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Mark Hughes
2. Reason for the notification
(a) Position/status COO
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Purchase of Ordinary Shares in Open Offer
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 28,105
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) 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 CFO (PDMR)
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 100,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)
 
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Esa Ikaheimonen     
2. Reason for the notification
(a) Position/status Non-Executive Director
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 500,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) 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 Head of Corporate Finance (PDMR)
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 300,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)
 
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Gavin Milne   
2. Reason for the notification
(a) Position/status Financial Controller (PDMR)
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Independent Oil and Gas 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 Independent Oil & Gas plc Ordinary Shares of 1p each            
(b) Identification code of the Financial Instrument ISIN: GB00BF49WF64        
(c) Nature of the transaction Subscription for Ordinary Shares
(d) Price(s) and volume(s) Price(s) Volume(s)
    10p 100,000
     
(e) Aggregated information
-        Aggregated volume
-        Price
 
n/a
(f) Date of the transaction 24 April 2019
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)