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Issue of New Shares May 17

Independent Oil and Gas plc ("IOG" or the "Company") (AIM: IOG.L), the development and production focused Oil and Gas Company, has today issued a total of 148,113 ordinary shares (“New Ordinary Shares”) in the capital of the Company.

On 26 May 2017, Martin Ruscoe a Non-Executive director of the Company submitted a notice to exercise all of his current 1p options over Ordinary Shares awarded to him, pursuant the option agreements dated 1 September 2016 and 1 March 2017.

The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM (“Admission”).  Admission is expected to occur on 2 June 2017.  Following Admission there will be 109,416,276 Ordinary Shares in issue.  Accordingly, this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA’s Disclosure and Transparency Rules.

 

 1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Ruscoe

2. 

Reason for the Notification

a)

Position/status

Non-Executive Director

b)

Initial notification/Amendment

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Independent Oil and Gas plc

b)

LEI

n/a

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

Exercise of options over ordinary shares

Identification code

GB00BF49WF64

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1p

148,113

d)

Aggregated information:

  • Aggregated volume
  • Price

n/a

e)

Date of the transaction

26 May 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)


The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.