Columbus Energy Resources PLC Director/PDMR Shareholding (5287D)
20 February 2020 - 6:00PM
UK Regulatory
TIDMCERP
RNS Number : 5287D
Columbus Energy Resources PLC
20 February 2020
20 February 2020
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Director/PDMR Shareholdings
Columbus, the oil and gas producer and explorer focused on
onshore Trinidad and Suriname, with the ambition to grow in South
America, announces that further to the "Corporate Presentation,
Issue of Equity and TVR" announcement released at 7.00 a.m. on 13
February 2020 with RNS Number: 8288C, the 15,169,886 Executive
Management Shares issued to certain Directors and Executive
Managers in lieu of salaries under Executive Salary Scheme were
admitted to trading on AIM today along with the 9,500,000
Contractor Shares.
The Company expects that the Executive Management Shares will,
for accounting purposes, be issued at a price of 2.27p per share to
the following Directors and Senior Managers of Columbus such price
being equal to the closing share price on the day before issuance.
The number of Executive Management Shares issued, as set out below,
was calculated using a fixed share price therefore the timing of
issuance of Executive Management Shares is not relevant to the
number of Remuneration Shares issued.
Director / PDMR New Ordinary Shares Number of Ordinary % of Enlarged
name issued Shares currently Issued Share Capital
held
Leo Koot 12,437,930 700,000 1.5%
-------------------- ------------------- ----------------------
Gelco Energy Inc 2,731,956 5,916,803 0.99%
-------------------- ------------------- ----------------------
The relevant Executive Management members have stated that they
have no intention of selling the Executive Management Shares in the
near future.
The information contained in Appendix 1 below is disclosed in
accordance with Article 19 of the EU Market Abuse Regulation.
The defined terms used in this announcement have the same
meaning as ascribed to them in the "Corporate Presentation, Issue
of Equity and TVR" announcement released at 7.00 a.m. on 13
February 2020 with RNS Number: 8288C
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
Contact Information
Columbus Energy Resources plc
Leo Koot / Gordon Stein / Tony Hawkins +44 (0)20 7203 2039
VSA Capital Limited
Financial Adviser and Broker
Andrew Monk / Andrew Raca +44 (0)20 3005 5000
Beaumont Cornish Limited
Nominated Adviser
Roland Cornish / Rosalind Hill Abrahams +44 (0)20 7628 3396
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and
explorer focused on onshore Trinidad and Suriname. In Trinidad, the
Columbus Energy group has five producing fields, one
appraisal/development project and a highly prospective exploration
portfolio in the South West Peninsula ("SWP"), which lies in the
extreme southwest of Trinidad and consists of stacked shallow and
deep prospects. In Suriname, the Company has recently secured an
onshore appraisal/development project. Columbus aims to create
transformational growth by developing its portfolio in a capital
efficient and disciplined manner.
Columbus is guided by the following core values; safe and
sustainable, stronger together, creative excellence, positive
energy, totally trusted and personally responsible.
The Company is led by an experienced Board and senior management
team with supportive shareholders and intends on leveraging its
expertise and experience to build an attractive and diversified
portfolio of assets across South America in order to build an oil
production led South American exploration business.
To find out more, visit www.columbus-erp.com or follow us on
Twitter @Columbus_ERP .
Appendix 1 - Notification of Transactions of Directors/Persons
Discharging Managerial Responsibility and Connected Persons
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Leo Koot
-------------------------- ---------------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Executive Chairman
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of t he issu er, e mission allow a n ce m a
r k et participan t, au ct ion plat for m, au ction
eer or auc tion monitor
-------------------------------------------------------------------
a) Name Columbus Energy Resources plc
-------------------------- ---------------------------------------
b) LEI 213800WBO186NYERMZ91
-------------------------- ---------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
-------------------------------------------------------------------
a) Description of the Ordinary Shares of 0.05p each
financial instrument, ISIN: GB00BDGJ2R22
t ype of instrument
I d entification
code
-------------------------- ---------------------------------------
Nature of the transaction Issue of Shares under Executive Salary
Scheme
-------------------------- ---------------------------------------
Price(s) and volumes(s) Price(s) Volumes(s)
2.27p 12,437,930
-----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
-------------------------- ---------------------------------------
e) Date of the transaction 2020-02-20
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Gelco Energy Inc
-------------------------- ---------------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Managing Director, Trinidad
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of t he issu er, e mission allow a n ce m a
r k et participan t, au ct ion plat for m, au ction
eer or auc tion monitor
-------------------------------------------------------------------
a) Name Columbus Energy Resources plc
-------------------------- ---------------------------------------
b) LEI 213800WBO186NYERMZ91
-------------------------- ---------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
-------------------------------------------------------------------
a) Description of the Ordinary Shares of 0.05p each
financial instrument, ISIN: GB00BDGJ2R22
t ype of instrument
I d entification
code
-------------------------- ---------------------------------------
Nature of the transaction Issue of Shares under Executive Salary
Scheme
-------------------------- ---------------------------------------
Price(s) and volumes(s) Price(s) Volumes(s)
2.27p 2,731,956
-----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
-------------------------- ---------------------------------------
e) Date of the transaction 2020-02-20
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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