Petroneft Resources PLC Director/PDMR Shareholding (7008W)
19 April 2019 - 2:47AM
UK Regulatory
TIDMPTR
RNS Number : 7008W
Petroneft Resources PLC
18 April 2019
Notification of Transactions by Persons Discharging Managerial
Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under
Article 19 of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse
(Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Sturt
------------------------------------- ----------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer / PDMR
------------------------------------- ----------------------------------------------------
b) Initial notifications Initial notification
/Amendments
------------------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a) Name Petroneft Resources plc
------------------------------------- ----------------------------------------------------
b) LEI 635400ELL1JOR1Y5IC41
------------------------------------- ----------------------------------------------------
4 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 Ordinary shares of EUR0.01 each
the financial
instrument, type
of instrument IE00B0Q82B24
Identification
code
------------------------------------- ----------------------------------------------------
b) Nature of the Issue of Ordinary Shares as settlement of
transactions previously accrued fees in role as Non-Director
------------------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01125 3,413,390
------------------------------------- --------------------------- -----------------------
d) Aggregated information
- Aggregated volume N/A
- Price
------------------------------------- ----------------------------------------------------
e) Date of the transactions 16.04.2019
------------------------------------- ----------------------------------------------------
f) Place of the transactions Outside of a trading venue
------------------------------------- ----------------------------------------------------
g) Additional Information The Company owed Mr Sturt accrued fees totalling
EUR44,806 from his time as non-executive
Director of the company up until his appointment
as CEO on 25th March 2019. At Mr Sturt's
request the company has settled this debt
by providing shares instead of in cash at
based on the weighted average share price
for the five days prior to his commencement
as CEO (1.1125p/share) with the total issued
to him being 3,413,390.
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END
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