Europa Oil & Gas plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
22 January 2014
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has received notification pursuant to the Financial Conduct Authority's Disclosure and Transparency Rules that, following the completion of the Open Offer and the resultant increase in the Company's total number of ordinary shares to 204,883,024 as announced on 20 January 2014, the
beneficial interests of the Board members listed below are as follows:
Director | Open Offer Shares Applied for | Open Offer Shares acquired | Resultant shareholding | % of Enlarged Share Capital |
William Adamson | 166,666 | 110,224* | 685,224 | 0.33% |
Phil Greenhalgh | 333,333 | 137,640* | 387,640 | 0.19% |
William Ahlefeldt- Laurvig | - | - | 25,502,442 | 12.45% |
* As a consequence of the Open Offer being over-subscribed, applications made by the Directors via the Excess Application Facility were scaled back by approximately 34.4 per cent.
Hugh Mackay, CEO and Roderick Corrie, non-executive director, both applied for shares in the Open Offer and a separate announcement will be made once the final allocation of shares have been confirmed by their respective brokers.
For further information please visit www.europaoil.com or contact:
Hugh Mackay | Europa | + 44 (0) 20 7224 3770 |
Phil Greenhalgh | Europa | + 44 (0) 20 7224 3770 |
Matt Goode | finnCap Ltd | +44 (0) 20 7220 0500 |
Henrik Persson | finnCap Ltd | +44 (0) 20 7220 0500 |
Frank Buhagiar | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |
Lottie Brocklehurst | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets that includes production, exploration and development interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. The Company produced 182 boepd in the UK during the 2012/2013 financial year, generating sufficient revenues to cover corporate overheads. Its highly prospective exploration projects include the Wressle prospect in the UK where a well is due to be drilled later in the near term; 100% owned gas exploration prospect (416 bcf) and appraisal project (CPR 277 bcf) in onshore France; and a joint venture with leading independent Kosmos to explore two licences in offshore Ireland in which Europa has identified two prospects with estimated gross mean un-risked indicative resources of 482 million barrels oil and 1.6 billion barrels oil respectively.
distributed by |