OREANDA-NEWS. Victoria Oil & Gas Plc, announces that application has been made for the admission of a total of 341,926 new ordinary shares of 0.5p each (’New Ordinary Shares’) to trading on AIM (’Admission’).

The New Ordinary Shares have been allotted following subscription by two Group executives, who have utilised cash bonus payments due to them in accordance with the terms agreed by the Company’s Remuneration Committee on 10 August 2015. The New Ordinary Shares have been subscribed at 56.6p per share, the volume weighted average share price for the 5 trading days to 10 August  2015.

The effect of the above allotments on the share interests of the relevant Directors of the Company is as follows:-

 

Shares allotted

Total Shareholding in VOG following allotments

Ahmet Dik

227,951

227,951

0.21%

Admission is expected to become effective and dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 20 November 2015. Following Admission, the Company will have 109,495,262 ordinary shares in issue.

The New Ordinary Shares will rank pari passu, in all respects, with the existing ordinary shares. The aforementioned figure of 109,495,262 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in ordinary shares in VOG, under the Financial Conduct Authority's Disclosure and Transparency Rules.