Serinus Energy PLC Issue of Salary Sacrifice Shares (2800B)
07 October 2020 - 5:00PM
UK Regulatory
TIDMSENX
RNS Number : 2800B
Serinus Energy PLC
07 October 2020
7 October 2020
Press Release
Issue of Salary Sacrifice Shares - Directors Holdings
Jersey, Channel Islands , 7 October 2020 - Serinus Energy plc
("Serinus", "SEN" or the "Company") (AIM:SENX, WSE:SEN) announces
that further to the Executive Salary Reductions news releases of 27
April 2020 and 2 July 2020, the Company has issued 512,083 ordinary
shares ("Salary Sacrifice Shares") to the Executive Directors under
the salary sacrifice scheme for the period from 30 June 2020 to 30
September 2020, the details of which are set out in the table
below. The reduction in salaries and fees was introduced due to the
economic environment created by the impact of COVID-19 and
compounded by low commodity prices. The Salary Sacrifice Shares
were issued at a price of 5.858 pence which has been determined by
dividing the gross amount of salary deducted by the volume weighted
average of the middle market quotations for one Ordinary Share for
the 90 days ending on 30 September 2020.
The details are as follow:
Director Number of Salary Total number Percentage interest
Sacrifice Shares of ordinary shares in the Company's
now held in the Ordinary Shares
Company
Jeffrey Auld 298,715 557,166 0.232 %
------------------ -------------------- --------------------
Andrew Fairclough 213,368 382,121 0.159 %
------------------ -------------------- --------------------
Application has been made to the London Stock Exchange for the
Salary Sacrifice Shares, which will rank pari passu with the
Company's existing ordinary shares, to be admitted to trading on
AIM. Dealings are expected to
commence at 8.00 a.m. on 9 October 2020.
Following the issue of the New Ordinary Shares, the Company will
have 239,798,375 ordinary shares in issue with no shares held in
treasury. This is the total number of voting rights in the Company
and may be used by shareholders as the denominator for the
calculations by which they determine if they are required to notify
their interest in, or change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
About Serinus
Serinus is an international upstream oil and gas exploration and
production company that owns and operates projects in Tunisia and
Romania.
For further information, please refer to the Serinus website
(www.serinusenergy.com) or contact the following:
Serinus Energy plc
Jeffrey Auld, Chief Executive Officer
Andrew Fairclough, Chief Financial Officer
Calvin Brackman, Vice President, External
Relations & Strategy +44 208 054 2859
WH Ireland Limited
(Nominated Adviser and Joint Broker)
Katy Mitchell
Harry Ansell (Broker)
Lydia Zychowska +44 207 220 1666
-----------------
A rden Partners plc
(Joint Broker)
Paul Shackleton / Dan Gee-Summons (Corporate
Finance)
Fraser Marshall (Equity Sales) +44 207 614 5900
-----------------
Camarco
(Financial PR - London)
Billy Clegg
Owen Roberts +44 203 781 8334
-----------------
TBT i Wspólnicy
(Financial PR - Warsaw)
Katarzyna Terej +48 22 487 53 02
-----------------
Translation : This news release has been translated into Polish
from the English original.
Forward-looking Statements: This release may contain
forward-looking statements made as of the date of this announcement
with respect to future activities that either are not or may not be
historical facts. Although the Company believes that its
expectations reflected in the forward-looking statements are
reasonable as of the date hereof, any potential results suggested
by such statements involve risk and uncertainties and no assurance
can be given that actual results will be consistent with these
forward-looking statements. Various factors that could impair or
prevent the Company from completing the expected activities on its
projects include that the Company's projects experience technical
and mechanical problems, there are changes in product prices,
failure to obtain regulatory approvals, the state of the national
or international monetary, oil and gas, financial , political and
economic markets in the jurisdictions where the Company operates
and other risks not anticipated by the Company or disclosed in the
Company's published material. Since forward-looking statements
address future events and conditions, by their very nature, they
involve inherent risks and uncertainties, and actual results may
vary materially from those expressed in the forward-looking
statement. The Company undertakes no obligation to revise or update
any forward-looking statements in this announcement to reflect
events or circumstances after the date of this announcement, unless
required by law.
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------
a) Name Jeffrey Auld
--------------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status CEO
--------------------------------- --------------------------------------
b) Initial notification/ Initial Notification
Amendment
--------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Serinus Energy plc
--------------------------------- --------------------------------------
b) LEI 549300W183KUX62DVI32
--------------------------------- --------------------------------------
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 no par value
the financial instrument,
type of instrument
Identification JE00BF4N9R98
code
--------------------------------- --------------------------------------
b) Nature of the transactions Issue of new equity
--------------------------------- --------------------------------------
c) Price(s) and volume(s) 298,715 shares at 5.858 pence
--------------------------------- --------------------------------------
d) Aggregated information
* Aggregated volume 298,715
5.858 pence
* Price
--------------------------------- --------------------------------------
e) Date of the transaction 6 October 2020
--------------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Andrew Fairclough
--------------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status CFO
--------------------------------- --------------------------------------
b) Initial notification/ Initial Notification
Amendment
--------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Serinus Energy plc
--------------------------------- --------------------------------------
b) LEI 549300W183KUX62DVI32
--------------------------------- --------------------------------------
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 no par value
the financial instrument,
type of instrument
Identification JE00BF4N9R98
code
--------------------------------- --------------------------------------
b) Nature of the transactions Issue of new equity
--------------------------------- --------------------------------------
c) Price(s) and volume(s) 213,368 shares at 5.858 pence
--------------------------------- --------------------------------------
d) Aggregated information
* Aggregated volume 213,368
5.858 pence
* Price
--------------------------------- --------------------------------------
e) Date of the transaction 6 October 2020
--------------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------------- --------------------------------------
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END
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