17 March 2023
IOG plc
Director/PDMR Dealings
IOG plc ("IOG", or "the Company"), (AIM: IOG.L), announces that certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company have purchased in the market a total of 744,180 ordinary shares of 1p each ("Ordinary Shares") at an average price of 4.525p per Ordinary Share, equating to aggregate value of £33,671.32, as follows:
| Director/PDMR | Role | Number of Ordinary Shares purchased | Resultant number of Ordinary Shares beneficially held | Resultant percentage of issued share capital beneficially held |
| Rupert Newall | CEO | 300,000 | 5,253,921 | 1.00% |
| Dougie Scott | COO | 220,355 | 412,644 | 0.08% |
| John Arthur | CFO | 223,825 | 325,255 | 0.06% |
Following these share purchases, current IOG directors and employees own in aggregate 1.88% of the Company's Issued Share Capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Rupert Newall | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO | |
| b)
| Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | IOG plc | |
| b) | LEI | 2138005OA2NLZS2NRT74 | |
| 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 | IOG plc Ordinary Shares of 1p each | |
| | | ||
| Identification code | ISIN: GB00BF49WF64 | ||
| | | ||
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 4.574p 4.58p | 175,000 125,000 | ||
| d) | Aggregated information
| Purchase of 300,000 Ordinary Shares at an average price of 4.577p per Ordinary Share | |
| e) | Date of the transactions | 17 March 2023 | |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Dougie Scott | |
| 2 | Reason for the notification | ||
| a) | Position/status | COO | |
| b)
| Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | IOG plc | |
| b) | LEI | 2138005OA2NLZS2NRT74 | |
| 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 | IOG plc Ordinary Shares of 1p each | |
| | | ||
| Identification code | ISIN: GB00BF49WF64 | ||
| | | ||
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 4.50p 4.56p | 110,968 109,387 | ||
| d) | Aggregated information
| Purchase of 220,355 Ordinary Shares at an average price of 4.53p per Ordinary Share | |
| e) | Date of the transactions | 17 March 2023 | |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | John Arthur | |
| 2 | Reason for the notification | ||
| a) | Position/status | CFO | |
| b)
| Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | IOG plc | |
| b) | LEI | 2138005OA2NLZS2NRT74 | |
| 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 | IOG plc Ordinary Shares of 1p each | |
| | | ||
| Identification code | ISIN: GB00BF49WF64 | ||
| | | ||
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 4.45p | 223,825 | ||
| d) | Aggregated information
| Purchase of 223,825 Ordinary Shares at a price of 4.45p per Ordinary Share | |
| e) | Date of the transactions | 17 March 2023 | |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
Enquiries:
| IOG plc Rupert Newall (CEO) James Chance (Head of Capital Markets & ESG) | +44 (0) 20 7036 1400 |
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| |
| finnCap Ltd Christopher Raggett / Simon Hicks | +44 (0) 20 7220 0500 |
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| Peel Hunt LLP Richard Crichton / David McKeown | +44 (0) 20 7418 8900 |
| | |
| Vigo Consulting Patrick d'Ancona / Finlay Thomson
| +44 (0) 20 7390 0230 |
About IOG:
IOG is a UK developer and producer of indigenous offshore gas. The Company began producing gas in March 2022 via its offshore and onshore Saturn Banks production infrastructure. In addition to its production assets, IOG operates several UK Southern North Sea licences containing gas discoveries and prospects which, subject to future investment decisions, may be commercialised through the Saturn Banks infrastructure. All its assets are co-owned 50:50 with its joint venture partner CalEnergy Resources (UK) Limited. Further details of its portfolio can be found at www.iog.co.uk.
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