Energean PLC

Management Reports • Jul 16, 2018

National Storage Mechanism | Additional information

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RNS Number : 7834U

Energean Oil & Gas PLC

16 July 2018

Monday, 16th July 2018

Energean Oil & Gas plc

("Energean" or the "Company")

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them

Energean Oil & Gas plc (LSE: ENOG) announces that certain employees have been granted awards over ordinary shares of 1p each in the Company ("Ordinary Shares") under its 2018 Long-Term Incentive Plan (the "LTIP").  

In relation to each PDMR, details of the number of shares under the awards and of each PDMR are detailed below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matthaios Rigas

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long  Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. The award will be subject to a further two year holding period ending on 30 June 2023.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	252,904

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Panos Benos

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long  Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. The award will be subject to a further two year holding period ending on 30 June 2023.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	168,602

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steven Moore

2

Reason for the notification

a)

Position/status

Chief Growth Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply.  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	6,634

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Shaul Zemach

2

Reason for the notification

a)

Position/status

Country Manager Israel

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply.  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	12,727

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fred Riddiford

2

Reason for the notification

a)

Position/status

Group Reservoir Engineering Manager

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply.  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	11,599

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Donaldson

2

Reason for the notification

a)

Position/status

Managing Director, Kavala Oil S.A.and Prinos Asset Manager

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply.  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	6,959

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dimitris Gontikas

2

Reason for the notification

a)

Position/status

Managing Director and Vice Chairman, Energean Oil and Gas S.A.

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer

a)

Name

Energean Oil & Gas plc

b)

LEI

549300RVMKU0CYUZBB05

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 1p each 

GB00BG12Y042

c)

Nature of the transaction

Conditional award over shares under the Energean Oil & Gas Plc 2018 Long Term Incentive Plan. The award is subject to a performance period ending on 30 June 2021. No further holding period will apply.  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	12,427

d)

Aggregated information

- Aggregated volume - Price

N/A

e)

Date of the transaction

2018-07-12

BST

f)

Place of the transaction

Outside a trading venue

Enquiries

Energean	Tel: 020 3859 3540
Kate Sloan, Head of IR
Camarco (Financial PR)	Tel: 020 3757 4980
About Energean Oil & Gas Energean is a London Premium-Listed independent E&P company focused on the Eastern Mediterranean region, where it operates in offshore Israel, Greece and the Adriatic and holds 13 licences. The Group has 2P reserves of 51 Mmboe plus 2C resources of 45.9 Mmbbls oil and 1.7 Tcf of gas. In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use an FPSO and produce first gas for the Israeli market in 2021. In Greece, the Company is pursuing an ongoing investment and development programme to increase production from its Prinos and Prinos North oil fields and to develop the Epsilon oil field, located in the Gulf of Kavala, Northern Greece. Energean has five exploration licences offshore Israel, and a 25 year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences offshore Western Greece, and Montenegro. www.energean.com

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