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Directors' Share Dealings

28th Apr 2011 07:00

RNS Number : 5942F
Trap Oil Group plc
28 April 2011
 



 

 

 

 

 

Trap Oil Group plc

 ("Trapoil" or the "Company")

 

Directors' Share Dealings

 

 

 

 

Trapoil (AIM: TRAP), the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf region of the North Sea, announces that it was today notified that Mark Groves Gidney, a director of Trapoil, has, on today's date, transferred 2,804,902 ordinary shares of 1p each in the Company ("Ordinary Shares") to Sheila Jones, the wife of Elwyn Jones, a director of Trapoil, such shares having been formerly held on trust on behalf of Sheila Jones by Mark Groves Gidney, as disclosed in the Company's AIM admission document dated 14 March 2011 (the "Admission Document") (the "Transfer").

 

Following the Transfer, Mark Groves Gidney remains interested in 4,973,347 Ordinary Shares representing approximately 2.73 per cent. of the Company's issued share capital. Elwyn Jones remains interested in 2,804,902 Ordinary Shares representing approximately 1.54 per cent. of the Company's issued share capital which are now registered and held in the name of Sheila Jones.

 

Sheila Jones has entered into a lock-in and orderly market deed on identical terms to those entered into by the Directors and the Company's senior management, as set out in paragraph 14.7 of Part 6 of the Admission Document.

 

 

**ENDS**

 

Enquiries:

 

Trap Oil Group plc

www.trapoil.com

 

Mark Groves Gidney, CEO

Peter Smith, Technical Director

Tel: 0203 170 5586

Strand Hanson Limited

James Harris

Matthew Chandler

James Spinney

 

Tel: 0207 409 3494

Mirabaud Securities LLP

Peter Krens

 

Tel: 0207 321 2508

Cardew Group

Rupert Pittman

Shan Shan Willenbrock

Sophie Leigh Pemberton

[email protected]

 

Tel: 0207 930 0777

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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