21st Dec 2016 17:18
For Immediate Release
21 December 2016
LGO ENERGY PLC
("LGO" or the "Company")
Director/PDMR dealings
LGO was informed today that Steve Horton, Chairman, Neil Ritson, Chief Executive Officer, James Thadchanamoorthy, Finance Director, and Michael Douglas, Non-Executive Director, today each purchased ordinary shares of 0.05p each in the Company ("Ordinary Shares") as summarized below:
Director | Ordinary Shares purchased | Purchase price | Holding before the purchase | New holding | % TVR |
Neil Ritson | 7,500,000 | 0.1125p | 17,500,000 | 25,000,000 | 0.30% |
James Thadchanamoorthy | 7,859,999 | 0.1100p | 7,140,001 | 15,000,000 | 0.18% |
Michael Douglas | 8,000,000 | 0.1148p | 0 | 8,000,000 | 0.10% |
Steve Horton | 4,000,000 | 0.1148p | 1,000,000 | 5,000,000 | 0.06% |
Neil Ritson, LGO's Chief Executive, commented:
"Following the corporate update announcement made earlier today, the Company is no longer in the closed period entered in April 2015, and the Directors have chosen to buy shares on the open market."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
LGO Energy plc | +44 (0) 20 3794 9230 |
Neil Ritson | |
Beaumont Cornish Limited | +44(0) 20 7628 3396 |
Nomad | |
Rosalind Hill Abrahams Roland Cornish | |
FirstEnergy Capital LLP | +44(0) 20 7448 0200 |
Joint Broker Jonathan Wright David van Erp
| |
Bell Pottinger | +44 (0) 20 3772 2500 |
Financial PR Henry Lerwill |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described above.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Neil Ritson | ||||
2 | Reason for notification | |||||
a) | Position / status | Chief Executive | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | LGO Energy plc | ||||
b) | LEI | Not applicable | ||||
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 Identification code | Ordinary shares of 0.05 pence each in LGO Energy plc
ISIN GB00B1TWX932 | ||||
Nature of the transaction | Purchase of 7,500,000 ordinary shares | |||||
Price(s) and volumes(s) |
| |||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 21 December 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Thadchanamoorthy | ||||
2 | Reason for notification | |||||
a) | Position / status | Finance Director | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | LGO Energy plc | ||||
b) | LEI | Not applicable | ||||
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 Identification code | Ordinary shares of 0.05 pence each in LGO Energy plc
ISIN GB00B1TWX932 | ||||
Nature of the transaction | Purchase of 7,859,999 ordinary shares | |||||
Price(s) and volumes(s) |
| |||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 21 December 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Stephen T. Horton | ||||
2 | Reason for notification | |||||
a) | Position / status | Chairman | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | LGO Energy plc | ||||
b) | LEI | Not applicable | ||||
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 Identification code | Ordinary shares of 0.05 pence each in LGO Energy plc
ISIN GB00B1TWX932 | ||||
Nature of the transaction | Purchase of 4,000,000 ordinary shares | |||||
Price(s) and volumes(s) |
| |||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 21 December 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Douglas | ||||
2 | Reason for notification | |||||
a) | Position / status | Non-Executive Director | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | LGO Energy plc | ||||
b) | LEI | Not applicable | ||||
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 Identification code | Ordinary shares of 0.05 pence each in LGO Energy plc
ISIN GB00B1TWX932 | ||||
Nature of the transaction | Purchase of 8,000,000 ordinary shares | |||||
Price(s) and volumes(s) |
| |||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 21 December 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
Related Shares:
CERP.L