13 March 2017
NU-Oil and Gas plc ("NU-Oil" or "the Company") Share Subscription by DirectorsFurther to the news release by NU‐Oil on 28th February 2017 regarding the subscription of 11 million new ordinary shares of 0.1p each in the Company at a price of 0.5p per new Ordinary Share by Alan Minty, Chairman, Dr. Nigel Burton, Chief Executive Officer and Frank Jackson, Non‐executive director, please see below the corresponding disclosure forms, which were submitted online to the FCA on 2nd March 2017 in relation to these transactions.
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Alan Minty | |||
2. | Reason for the Notification | ||||
a) | Position/status | Director | |||
b) | Initial notification/amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Nu Oil and Gas Plc | |||
b) | LEI | ||||
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, type of instrument | Shares | |||
Identification code | |||||
b) | Nature of the Transaction | Purchase of Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
0.5p | 5,000,000 | ||||
d) | Aggregated information Aggregated volume Price | £25,000.00 | |||
e) | Date of the transaction | 28th February 2017 | |||
f) | Place of the transaction | UK |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Nigel Burton | |||
2. | Reason for the Notification | ||||
a) | Position/status | Director | |||
b) | Initial notification/amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Nu Oil and Gas Plc | |||
b) | LEI | ||||
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, type of instrument | Shares | |||
Identification code | |||||
b) | Nature of the Transaction | Purchase of Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
0.5p | 4,000,000 | ||||
d) | Aggregated information Aggregated volume Price | £20,000.00 | |||
e) | Date of the transaction | 28th February 2017 | |||
f) | Place of the transaction | UK |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Frank Jackson | |||
2. | Reason for the Notification | ||||
a) | Position/status | Director | |||
b) | Initial notification/amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Nu Oil and Gas Plc | |||
b) | LEI | ||||
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, type of instrument | Shares | |||
Identification code | |||||
b) | Nature of the Transaction | Purchase of Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
0.5p | 2,000,000 | ||||
d) | Aggregated information Aggregated volume Price | £10,000.00 | |||
e) | Date of the transaction | 28th February 2017 |
f) | Place of the transaction | UK |
Enquiries:
NU‐Oil and Gas plc
Alan Minty, Executive Chairman Tel: +44 161 817 7460
Nigel Burton, CEO Tel: +44 7785 234447
Strand Hanson Limited
Rory Murphy/Ritchie Balmer Tel: +44 20 7409 3494
Beaufort Securities Limited Tel: +44 20 7382 8300 Jon Belliss
Elliot Hance
St Brides Partners Limited Tel: +44 20 7236 1177 Elisabeth Cowell
Lottie Brocklehurst www.nu‐oilandgas.com
Note to Editors:
NU‐Oil and Gas plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in stranded and marginal fields.
These fields are low risk highly‐appraised projects and consequently the Company's entry cost will be low. NU‐Oil will look to develop these assets utilising solutions delivered by Marginal Field Development Company (MFDevCo) and the MFD Consortium, which can significantly improve the development economics of a project. This is also expected to enable the early booking of reserves.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
NU Oil and Gas plc published this content on 13 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 March 2017 12:03:07 UTC.
Original documenthttp://www.nu-oilandgas.co.uk/app/download/18160077/170313+Share+Subscription+by+Directors+(FCA+notification).pdf
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