Heritage Oil Plc
TSX : HOC
LSE : HOIL

Heritage Oil Plc

April 26, 2011 14:26 ET

Heritage Oil Plc: Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons-Paul Atherton

LONDON, UNITED KINGDOM--(Marketwire - April 26, 2011) - Heritage Oil Plc (TSX:HOC)(LSE:HOIL) -

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes should in block capital letters.

1. Name of the issuer

HERITAGE OIL PLC

2. State whether the notification relates to:

(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4®(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

RELATES TO (i)

3. Name of person discharging managerial responsibilities/director

PAUL ATHERTON

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial

IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE

6. Description of shares (including class), instruments relating to shares

ORDINARY SHARES OF NO PAR VALUE

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

PAUL ATHERTON

8. State the nature of the transaction

EXERCISE OF OPTIONS FOR 1,250,000 SHARES IN THE ISSUER AT A PRICE OF 48 PENCE PER SHARE.

9. Number of shares, debentures or financial instruments relating to shares acquired

1,250,000

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.43%

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

AT AN AVERAGE PRICE OF 48 PENCE PER SHARE

14. Date and place of transaction

26 APRIL 2011, JERSEY

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

2,390,000 (0.82%)

16. Date issuer informed of transaction

26 APRIL 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

PAUL ATHERTON STILL HAS 1,625,000 OPTIONS TO ACQUIRE THE ISSUER'S SHARES WHICH WERE PREVIOUSLY GRANTED UNDER THE ISSUER'S 2008 REPLACEMENT SHARE OPTION SCHEME.

23. Any additional information

N/A

24. Name of contact and telephone number for queries

Heritage Oil Plc

Paul Atherton

+44 1534 835 400

Date of notification 26 APRIL 2011

Contact Information

  • Heritage Oil Plc
    Paul Atherton
    +44 1534 835 400