LONDON, UNITED KINGDOM — (Marketwired) — 09/26/13 — 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
ANTHONY BUCKINGHAM
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
ANTHONY BUCKINGHAM
8. State the nature of the transaction
EXERCISE OF OPTIONS FOR 9,129,510 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 43 PENCE PER SHARE AND 500,000 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 145 PENCE PER SHARE
9. Number of shares, debentures or financial instruments relating to shares acquired
9,629,510 ORDINARY SHARES
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
3.49% OF THE TOTAL ORDINARY SHARES OF THE ISSUER
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
PURCHASE OF 9,129,510 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 43 PENCE PER SHARE AND 500,000 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 145 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)
94,669,850 ORDINARY SHARES REPRESENTING 34.06% 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
N/A
23. Any additional information
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
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
Contacts:
Heritage Oil Plc
Paul Atherton
+44 (0) 1534 835 400