Diversified Gas & Oil Announces Vesting of Restricted Stock Units

Source: www.gulfoilandgas.com 1/4/2021, Location: North America

Diversified Gas & Oil PLC (DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces the vesting of 50,000 Restricted Stock Units ("RSUs") issued from its equity incentive plan (the "Plan") to senior members of DGO's operations management team. Subsequently, the Company has issued and allotted an aggregate of 32,972 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of withholding tax).

DGO has applied for the New Shares to be admitted to the Premium Listing Segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange PLC, and expects admission on or around 7 January 2021. The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

Including the New Shares, the Company has 707,410,118 Ordinary Shares in issue and holds no Ordinary Shares in treasury. Shareholders may use 707,410,118 as the denominator in calculations to determine if they must notify the Company of their interest in, or a change to their invested interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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