RNS Union Jack Oil PLC - Grant of Options

RNS Number : 5505G

Union Jack Oil PLC

07 November 2018

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

7 November 2018

Union Jack Oil plc

("Union Jack" or the "Company")

Grant of Options

Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon production, development and exploration company announces that 30,000,000 Share Options have been granted to Raymond George Godson, Non-Executive Director, 30,000,000 Share Options have been granted to Graham Bull, Non-Executive Director and 30,000,000 Share Options have been granted to Matthew Small, Company Secretary.

The Share Options have an exercise price of 0.11p, being the mid-market closing price as of 6 November 2018.

The vesting period is 3 years from date of grant.

The Share Options can only be exercised if the share price is at a 30% premium to the strike price.

The Share Options granted represent approximately 1.065% of the total issued share capital.

Related Party Transaction

The grant of the options is a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies.

David Bramhill and Joseph O'Farrell, being the independent directors, consider, having consulted the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.

PDMR Notification

Details of the person discharging managerial responsibilities/person closely associated

(a)

Full name of person Dealing

Raymond George Godson

Reason for notification

(b)

Position/status

Non-Executive Director

(c)

Initial notification/ Amendment

Initial notification

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

(d)

Name of entity

Union Jack Oil plc

(e)

LEI

2138005VW7IUUUPY5Q88

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

Options over ordinary shares of 0.025 pence each in the Company

(b)

Identification code

GB00B814XC94

(c)

Nature of the transaction

Grant of options over ordinary shares

(d)

Price(s) and volume(s)

Prices(s)	Volume(s)
0.11 pence	30,000,000

(e)

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above

Prices(s)	Volume(s)
0.11 pence	30,000,000

(f)

Date of transaction

7 November 2018

(g)

Place of transaction

Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated

(a)

Full name of person Dealing

Graham Bull

Reason for notification

(a)

Position/status

Non-Executive Director

(b)

Initial notification/ Amendment

Initial notification

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

(a)

Name of entity

Union Jack Oil plc

(b)

LEI

2138005VW7IUUUPY5Q88

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

(c)

Description of the financial instrument, type of instrument

Options over ordinary shares of 0.025 pence each in the Company

(d)

Identification code

GB00B814XC94

(e)

Nature of the transaction

Grant of options over ordinary shares

(f)

Price(s) and volume(s)

Prices(s)	Volume(s)
0.11 pence	30,000,000

(g)

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above

Prices(s)	Volume(s)
0.11 pence	30,000,000

(h)

Date of transaction

7 November 2018

(i)

Place of transaction

Outside a trading venue

PDMR Notification

Details of the person discharging managerial responsibilities/person closely associated

(a)

Full name of person Dealing

Matthew Small

Reason for notification

(b)

Position/status

Company Secretary

(c)

Initial notification/ Amendment

Initial notification

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

(d)

Name of entity

Union Jack Oil plc

(e)

LEI

2138005VW7IUUUPY5Q88

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

Options over ordinary shares of 0.025 pence each in the Company

(b)

Identification code

GB00B814XC94

(c)

Nature of the transaction

Grant of options over ordinary shares

(d)

Price(s) and volume(s)

Prices(s)	Volume(s)
0.11 pence	30,000,000

(e)

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above

Prices(s)	Volume(s)
0.11 pence	30,000,000

(f)

Date of transaction

7 November 2018

(g)

Place of transaction

Outside a trading venue

For further information please contact the following:

Union Jack Oil plc	+44 (0)7787 160 682
David Bramhill

SP Angel Corporate Finance LLP	+44 (0)20 3470 0470
Nominated Adviser
Lindsay Mair
Richard Hail

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHLLFLTLSLRIIT ]]>