05 Jun 2018
Director/PDMR ShareholdingIndependent Oil & Gas plc (â€œIOGâ€ or the â€œCompanyâ€), the development and production focused Oil and Gas Company, announces that it has been informed that Mark Hughes, Chief Operating Officer has today acquired a total of 178,000 ordinary shares of 1p each in the capital of the Company (â€œOrdinary Sharesâ€).
Following this acquisition, Mr Hughes has an interest in 178,000 Ordinary Shares representing 0.14% of the issued share capital of IOG.
|1.||Details of the person discharging managerial responsibilities/person closely associated|
|(a)||Name||Mr Mark Hughes|
|2.||Reason for the notification|
|(a)||Position/status||Chief Operating Officer|
|(b)||Initial notification/ Amendment||Initial notification|
|3.||Details of the issuer|
|(a)||Name||Independent Oil and Gas plc|
|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||Acquisition|
|(d)||Price(s) and volume(s)||Price(s)||Volume(s)|
- Aggregated volume
|(f)||Date of the transaction||5 June 2018|
|(g)||Place of the transaction||London Stock Exchange, AIM Market (XLON)|
Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.
Independent Oil and Gas plc: +44 (0) 20 3879 0510
Andrew Hockey (CEO)
James Chance (CFO)
finnCap Ltd: +44 (0) 20 7220 0500
Christopher Raggett / Anthony Adams
Emily Morris / Camille Gochez
Camarco: +44 (0) 20 3757 4980
Georgia Edmonds / Tom Huddart / Monique Perks
About Independent Oil and Gas:
IOG owns substantial low risk, high value gas Reserves in the UK Southern North Sea. The Company is targeting a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial current portfolio (2P Reserves of 303 bcf) via an efficient hub strategy. Alongside this it continues to pursue value accretive acquisitions, to generate significant shareholder returns. All IOG's licences are owned 100% and operated by IOG.
Further information can be found on www.independentoilandgas.com