8th Mar 2019 07:30
8 March 2019
SOCO International plc
("SOCO" or "the Company")
DIRECTORS/PDMR SHAREHOLDINGS
Awards under the Company's Long Term Incentive Plan
The Company announces that on 7 March 2019, its Persons Discharging Managerial Responsibilities ("PDMRs") were granted the following nil-cost share awards over ordinary shares of £0.05 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"):
PDMRs | Position | No of LTIP awards granted |
Ed Story | Chief Executive Officer | 2,040,087 |
Jann Brown | Managing Director and Chief Financial Officer | 1,306,240 |
Dr Mike Watts | Managing Director | 1,306,240 |
Antony Maris | Chief Operating Officer | 1,015,965 |
These awards will generally vest over three years from the date of grant, subject to the satisfaction of certain performance conditions and, in relation to Executive Directors, a subsequent two year holding period.
For further information, please contact:
Tony Hunter
Company Secretary
+ 44 (0)207 603 1515
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | ED STORY | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SOCO INTERNATIONAL PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 07/03/2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | JANN BROWN | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director and Chief Financial Officer
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SOCO INTERNATIONAL PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 07/03/2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | MIKE WATTS | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SOCO INTERNATIONAL PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 07/03/2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | ANTONY MARIS | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SOCO INTERNATIONAL PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 07/03/2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Related Shares:
Pharos Energy