Grant of options

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

13 June 2017

Europa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)

Grant of options

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, announces that it has today awarded a total of 6,500,000 options (“Options”) over ordinary shares of 1p each in the Company (“Ordinary Shares”) to Directors and staff. The Options, representing 2.2% of the current issued share capital, have been granted in recognition of the continuing 20% salary cuts taken by the Board and office based staff while oil prices have been depressed. Prior to this award the Company had 15,365,000 options outstanding, therefore there are now a total of 21,865,000 options outstanding, representing approximately 7.3% of the Company’s current issued share capital.

	Options Awarded	Percentage of current issued share capital
Hugh Mackay	3,500,000	1.2%
Phil Greenhalgh	1,500,000	0.5%
Roderick Corrie	300,000	0.1%
Other staff	1,200,000	0.4%
Total	6,500,000	2.2%

All of the Options have an exercise price of 8 pence per Ordinary Shares (a 33% premium to the price at which Ordinary Shares were issued in the Placing and Open Offer announced on 24 May 2017) and expire on 12 June 2027. The Options only vest if the closing mid-market price of an Ordinary Share is above 10 pence per Ordinary Share for 30 calendar days.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roderick James Hugh McLeod Corrie
	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Europa Oil & Gas (Holdings) plc
b)	LEI	213800JWTCW7TN3WRC06
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 1p
	Identification code	GB00B03CJS30
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 300,000
d)	Aggregated information:	Issue of options over 300,000 Ordinary Shares, exercisable at 8 pence per Ordinary Share
e)	Date of the transaction	13 June 2017
f)	Place of the transaction	Off market transaction

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugh George Dunbar Mackay
	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Europa Oil & Gas (Holdings) plc
b)	LEI	213800JWTCW7TN3WRC06
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 1p
	Identification code	GB00B03CJS30
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 3,500,000
d)	Aggregated information:	Issue of options over 3,500,000 Ordinary Shares, exercisable at 8 pence per Ordinary Share
e)	Date of the transaction	13 June 2017
f)	Place of the transaction	Off market transaction

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Philip Greenhalgh
	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Europa Oil & Gas (Holdings) plc
b)	LEI	213800JWTCW7TN3WRC06
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 1p
	Identification code	GB00B03CJS30
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 1,500,000
d)	Aggregated information:	Issue of options over 1,500,000 Ordinary Shares, exercisable at 8 pence per Ordinary Share
e)	Date of the transaction	13 July 2016
f)	Place of the transaction	Off market transaction

* * ENDS * *

For further information please visit http://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
Simon Hicks	finnCap Ltd	+ 44 (0) 20 7220 0500
Frank Buhagiar	St Brides Partners Ltd	+ 44 (0) 20 7236 1177
Susie Geliher	St Brides Partners Ltd	+ 44 (0) 20 7236 1177

Notes

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. Its highly prospective exploration projects include the Wressle oil development in the UK and seven licences offshore Ireland with the potential to host gross mean un-risked prospective resources of more than 4 billion barrels oil equivalent and 1.5 TCF gas across all seven licences. In H1 2017 Europa produced 115 boepd from its portfolio of onshore UK licences.