Columbus Energy Resources (LGO)

 

LSE:LGO: Director/PDMR dealings

Columbus Energy Resources

21 Dec 2016 17:18:08

LGO Energy PLC

RNS Number : 5378S
LGO Energy PLC
21 December 2016
 

For Immediate Release

21 December 2016

 

LGO ENERGY PLC

("LGO" or the "Company")

 

Director/PDMR dealings

 

LGO was informed today that Steve Horton, Chairman, Neil Ritson, Chief Executive Officer, James Thadchanamoorthy, Finance Director, and Michael Douglas, Non-Executive Director, today each purchased ordinary shares of 0.05p each in the Company ("Ordinary Shares") as summarized below:

 

Director

Ordinary Shares purchased

Purchase price

Holding before the purchase

New holding

% TVR

Neil Ritson

7,500,000

0.1125p

17,500,000

25,000,000

0.30%

James Thadchanamoorthy

7,859,999

0.1100p

7,140,001

15,000,000

0.18%

Michael Douglas

8,000,000

0.1148p

0

8,000,000

0.10%

Steve Horton

4,000,000

0.1148p

1,000,000

5,000,000

0.06%

 

Neil Ritson, LGO's Chief Executive, commented:

"Following the corporate update announcement made earlier today, the Company is no longer in the closed period entered in April 2015, and the Directors have chosen to buy shares on the open market."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

LGO Energy plc

+44 (0) 20 3794 9230

Neil Ritson




Beaumont Cornish Limited

+44(0) 20 7628 3396

Nomad


Rosalind Hill Abrahams

Roland Cornish




FirstEnergy Capital LLP

+44(0) 20 7448 0200

Joint Broker

Jonathan Wright

David van Erp

 


Bell Pottinger

+44 (0) 20 3772 2500

Financial PR

Henry Lerwill


 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described above.  

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Neil Ritson

2

Reason for notification

a)

Position / status

Chief Executive

b)

Initial notification

/Amendment

Initial

3

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

a)

Name

LGO Energy plc

b)

LEI

Not applicable

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 0.05 pence each in LGO Energy plc

 

ISIN GB00B1TWX932


Nature of the transaction

Purchase of  7,500,000 ordinary shares


Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.1125p  

 

7,500,000

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

21 December 2016

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

James Thadchanamoorthy

2

Reason for notification

a)

Position / status

Finance Director

b)

Initial notification

/Amendment

Initial

3

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

a)

Name

LGO Energy plc

b)

LEI

Not applicable

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 0.05 pence each in LGO Energy plc

 

ISIN GB00B1TWX932


Nature of the transaction

Purchase of  7,859,999 ordinary shares


Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.1100p  

 

7,859,999

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

21 December 2016

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Stephen T. Horton

2

Reason for notification

a)

Position / status

Chairman

b)

Initial notification

/Amendment

Initial

3

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

a)

Name

LGO Energy plc

b)

LEI

Not applicable

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 0.05 pence each in LGO Energy plc

 

ISIN GB00B1TWX932


Nature of the transaction

Purchase of  4,000,000 ordinary shares


Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.1148p  

 

4,000,000

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

21 December 2016

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Michael Douglas

2

Reason for notification

a)

Position / status

Non-Executive Director

b)

Initial notification

/Amendment

Initial

3

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

a)

Name

LGO Energy plc

b)

LEI

Not applicable

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 0.05 pence each in LGO Energy plc

 

ISIN GB00B1TWX932


Nature of the transaction

Purchase of  8,000,000 ordinary shares


Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.1148p  

 

8,000,000

 

d)

Aggregated information

n/a

e)

Date of the transaction

21 December 2016

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 


This information is provided by RNS
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