Director's Dealing • Jul 11, 2023
Director's Dealing
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RNS Number : 5596F
Longboat Energy PLC
11 July 2023
11 July 2023
Longboat Energy plc
("Longboat Energy", "the Company" or "Longboat")
Notification of Transaction by Person Discharging Managerial Responsibilities ("PDMR")
Director Share Purchase
Longboat Energy, the emerging full-cycle E&P company, has been notified that on 7th and 10th July 2023 the Executive Directors and PDMRs purchased 314,215 ordinary shares of 10p each in the share capital of the Company ("Company Shares"). Following this announcement, the Directors, PDMRs and related parties will hold 4.7% of the total issued share capital of the Company.
In addition, various other employees of the Company acquired a further 110,493 Company Shares and these purchases, together with those made by the Executive Directors and PDMRs, will qualify as 'investment shares' under the Company's Co-Investment Plan and details of any award of matching shares will follow.
Helge Hammer, CEO of Longboat Energy commented: "The Directors believe there is significant value in both the Company's existing assets and the future potential to be gained from its joint venture with JAPEX and its nascent SE Asia business.
Notification of Deal Forms of each PDMR can be found below. The share purchases qualify for the Company's Co-Investment Plan, the details of which have been announced separately. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1.
Details of the person discharging managerial responsibilities/persons closely associated
a)
Name
Helge Hammer
2.
Reason for 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
Longboat Energy plc
b)
LEI
213800D1D587TB36ST68
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 and identification code
Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)
Nature of transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 26.7pence | 240,000 |
d)
Aggregated Information
n/a
e)
Date of transaction
10 July 2023
f)
Place of transaction
London Stock Exchange
1.
Details of the person discharging managerial responsibilities/persons closely associated
a)
Name
Jonathan Cooper
2.
Reason for 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
Longboat Energy plc
b)
LEI
213800D1D587TB36ST68
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 and identification code
Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)
Nature of transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 24.7 pence | 8,084 |
d)
Aggregated Information
n/a
e)
Date of transaction
07 July 2023
f)
Place of transaction
London Stock Exchange
1.
Details of the person discharging managerial responsibilities/persons closely associated
a)
Name
Nicholas Ingrassia
2.
Reason for notification
a)
Position/Status
Corporate Development Director
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Longboat Energy plc
b)
LEI
213800D1D587TB36ST68
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 and identification code
Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)
Nature of transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 26.2 pence | 39,343 |
d)
Aggregated Information
n/a
e)
Date of transaction
10 July 2023
f)
Place of transaction
London Stock Exchange
1.
Details of the person discharging managerial responsibilities/persons closely associated
a)
Name
Julian Riddick
2.
Reason for notification
a)
Position/Status
Company Secretary
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Longboat Energy plc
b)
LEI
213800D1D587TB36ST68
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 and identification code
Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)
Nature of transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 26.1 pence | 7,654 |
d)
Aggregated Information
n/a
e)
Date of transaction
7 July 2023
f)
Place of transaction
London Stock Exchange
1.
Details of the person discharging managerial responsibilities/persons closely associated
a)
Name
Hilde Salthe
2.
Reason for notification
a)
Position/Status
Managing Director, Longboat Energy Norge AS
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Longboat Energy plc
b)
LEI
213800D1D587TB36ST68
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 and identification code
Ordinary Shares of £0.10 each in the capital of Longboat Energy plc ISIN: GB00BKFW2482
b)
Nature of transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 26.1 pence | 19,134 |
d)
Aggregated Information
n/a
e)
Date of transaction
7 July 2023
f)
Place of transaction
London Stock Exchange
| Longboat Energy | |||
| Helge Hammer, Chief Executive Officer | via FTI | ||
| Jon Cooper, Chief Financial Officer | |||
| Nick Ingrassia, Corporate Development Officer | |||
| Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) | |||
| Callum Stewart | Tel: +44 20 7710 7600 | ||
| Jason Grossman | |||
| Simon Mensley | |||
| Ashton Clanfield | |||
| Cenkos Securities plc (Joint Broker) | |||
| Neil McDonald | Tel: +44 20 7397 8900 | ||
| Pete Lynch | |||
| Leif Powis | |||
| FTI Consulting (PR adviser) | |||
| Ben Brewerton | Tel: +44 20 3727 1000 | ||
| Rosie Corbett | [email protected] |
The information contained within this announcement is considered to be inside information prior to its release.
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