Heritage Oil Plc
TSX : HOC
LSE : HOIL

Heritage Oil Plc

September 26, 2013 13:25 ET

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

LONDON, UNITED KINGDOM--(Marketwired - Sept. 26, 2013) - Heritage Oil Plc (TSX:HOC)(LSE:HOIL)

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

1. Name of the issuer

HERITAGE OIL PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

NOTIFICATION IN RELATION TO (i)

3. Name of person discharging managerial responsibilities/director

BRIAN SMITH

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 interest

IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE

6. Description of shares (including class), debentures or derivatives or financial 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

BRIAN SMITH

8. State the nature of the transaction

EXERCISE OF OPTIONS, AWARD OF LTIPS AND A DISPOSAL OF A PORTION OF OPTIONS EXERCISED AND LTIPS AWARDED. EXERCISE OF OPTIONS FOR 820,000 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 43 PENCE PER SHARE AND 300,000 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 145 PENCE PER SHARE. AWARDED LTIPS OF 146,736 ORDINARY SHARES IN THE ISSUER

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

ACQUIRED 234,938 ORDINARY SHARES FROM THE TRANSACTION REFERRED TO IN 8 ABOVE

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

0.09% OF THE TOTAL ORDINARY SHARES OF THE ISSUER

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

DISPOSED OF 1,031,798 ORDINARY SHARES FROM THE TRANSACTION REFERRED TO IN 8 ABOVE

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

0.37% OF THE TOTAL ORDINARY SHARES OF THE ISSUER

13. Price per share or value of transaction

OPTIONS EXERCISED AT A PRICE OF 43 PENCE PER SHARE AND 145 PENCE PER SHARE. ORDINARY SHARES DISPOSED AT A PRICE OF 178.1202 PENCE PER SHARE

14. Date and place of transaction

25 SEPTEMBER 2013, JERSEY

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

234,938 ORDINARY SHARES REPRESENTING 0.08% OF THE TOTAL VOTING RIGHTS OF THE ISSUER

16. Date issuer informed of transaction

25 SEPTEMBER 2013
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 exercisable

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

THE COMPANY HAS BEEN IN A CLOSE PERIOD AND THIS IS THE FIRST OPPORTUNITY FOR DIRECTORS AND SENIOR MANAGERS TO EXERCISE OPTIONS AND BE GRANTED LTIP AWARDS. PERCENTAGES HAVE BEEN CALCULATED USING THE ENLARGED NUMBER OF ORDINARY SHARES AND TOTAL VOTING RIGHTS POST THE ISSUANCE OF NEW SHARES

23. Any additional information

N/A

24. Name of contact and telephone number for queries

PAUL ATHERTON, +44 (0) 1534 835 400
Name of authorised officer of issuer responsible for making notification
PAUL ATHERTON
Date of notification
26 SEPTEMBER 2013
END

Contact Information

  • Heritage Oil Plc
    PAUL ATHERTON
    +44 (0) 1534 835 400