Zenith Energy Ltd Director/PDMR Shareholding (6651F)
11 March 2020 - 3:30AM
UK Regulatory
TIDMZEN
RNS Number : 6651F
Zenith Energy Ltd
10 March 2020
March 10, 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon
publication of this announcement via a regulatory information
service ("RIS"), the inside information contained in this document
is now considered to be in the public domain.
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN;
TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas
production company, announces that its Chief Executive Officer
& President, Mr. Andrea Cattaneo, has advised the Company that
he purchased a total of 1,850,000 common shares of no par value
("Common Shares") in the capital of the Company at an average price
of GBP0.008471 (approximately CAD$0.015) per Common Share on the
London Stock Exchange.
Following the aforementioned dealings, Mr. Cattaneo is directly
beneficially interested in a total of 44,984,115 Common Shares in
the capital of the Company, representing 7.80 per cent of the total
issued and outstanding common share capital of the Company admitted
to trading on the TSX Venture Exchange and Merkur Market of the
Oslo Børs.
Mr. Cattaneo is also indirectly interested in a total of 480,000
Common Shares, today representing 0.08 per cent of the Company's
issued and outstanding common share capital admitted to trading on
the TSX Venture Exchange and Merkur Market of the Oslo Børs.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Tel: +1 (587) 315
Officer 9031
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Novum Securities Limited - Broker Tel: + 44 (0) 207
399 9400
-----------------------------
Charlie Brook-Partridge
-----------------------------
Hugh McAlister
-----------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the TSX Venture Exchange (TSX.V:ZEE) and London
Stock Exchange (LSE:ZEN). In addition, the Company's common share
capital was admitted to trading on the Merkur Market of the Oslo
Børs (ZENA:ME) on November 8, 2018. The Merkur Market is a
multilateral trading facility owned and operated by the Oslo
Børs.
The Company was assigned a medium to long-term issuer credit
rating of "B+ with Positive Outlook" on October 9, 2019 by Arc
Ratings, S.A. On November 18, 2019, the Company was assigned a "B+"
with Stable Outlook debt issuer credit rating by Rating-Agentur
Expert RA.
The Company operates the largest onshore oilfield in Azerbaijan
by cumulative acreage following the signing of a 25-year REDPSA,
(Rehabilitation, Exploration, Development and Production Sharing
Agreement), with SOCAR, State Oil Company of the Republic of
Azerbaijan, in 2016. Zenith also operates, or has working interests
in, a number of natural gas production concessions in Italy. The
Company's Italian operations produce natural gas, condensate and
electricity.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrea Cattaneo
-------------------------------------- ----------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status
Chief Executive Officer
-------------------------------------- ----------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------------- ----------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------------
a) Name Zenith Energy Ltd.
-------------------------------------- ----------------------------
b) LEI
213800AYTYOYD61S4569
-------------------------------------- ----------------------------
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 Common Shares
of the financial
instrument,
type of instrument
-------------------------------------- ----------------------------
Identification CA98936C1068
code
-------------------------------------- ----------------------------
b) Nature of the Purchase of Common Shares
transaction
-------------------------------------- ----------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
-------------------------------------- --------------- -----------
GBP0.00878 200,000
GBP0.00845 400,000
------------------------------------------- --------------- -----------
d) Aggregated
information
-------------------------------------- ----------------------------
Aggregated
volume 600,000
------------------------------------------- ----------------------------
Aggregated GBP0.008560
price
------------------------------------------- ----------------------------
e) Date of the March 5, 2020
transaction(s)
-------------------------------------- ----------------------------
f) Place of the London Stock Exchange
transaction
-------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrea Cattaneo
------------------------------------- ----------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status
Chief Executive Officer
------------------------------------- ----------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------- ----------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-------------------------------------------------------------------
a) Name Zenith Energy Ltd.
------------------------------------- ----------------------------
b) LEI
213800AYTYOYD61S4569
------------------------------------- ----------------------------
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 Common Shares
the financial
instrument, type
of instrument
------------------------------------- ----------------------------
Identification CA98936C1068
code
------------------------------------- ----------------------------
b) Nature of the Purchase of Common Shares
transaction
------------------------------------- ----------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
------------------------------------- --------------- -----------
GBP0.008450 300,000
GBP0.008500 800,000
------------------------------------------ --------------- -----------
d) Aggregated information
------------------------------------- ----------------------------
Aggregated volume 1,100,000
------------------------------------------ ----------------------------
Aggregated price GBP0.008486
------------------------------------------ ----------------------------
e) Date of the transaction(s) March 6, 2020
------------------------------------- ----------------------------
f) Place of the London Stock Exchange
transaction
------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrea Cattaneo
-------------------------------------- -----------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status
Chief Executive Officer
-------------------------------------- -----------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---------------------------------------------------------------------
a) Name Zenith Energy Ltd.
-------------------------------------- -----------------------------
b) LEI
213800AYTYOYD61S4569
-------------------------------------- -----------------------------
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 Common Shares
the financial
instrument, type
of instrument
-------------------------------------- -----------------------------
Identification CA98936C1068
code
-------------------------------------- -----------------------------
b) Nature of the Purchase of Common Shares
transaction
-------------------------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
-------------------------------------- ---------------- -----------
GBP0.00800 150,000
------------------------------------------------------------ -----------
d) Aggregated information
-------------------------------------------------------- -----------
Aggregated volume n/a
-------------------------------------- ----------------------------------
Aggregated price n/a
-------------------------------------- ----------------------------------
e) Date of the transaction(s) March 9, 2020
-------------------------------------- -----------------------------
f) Place of the London Stock Exchange
transaction
-------------------------------------- -----------------------------
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
DSHSFUFMSESSEFD
(END) Dow Jones Newswires
March 10, 2020 12:30 ET (16:30 GMT)
Zenith Energy (LSE:ZEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zenith Energy (LSE:ZEN)
Historical Stock Chart
From Jul 2023 to Jul 2024
