Director/PDMR Shareholding

RNS Number : 5090Z
Empyrean Energy PLC
21 September 2020
 

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

 

Empyrean Energy PLC

 

PDMR Notification

 

Empyrean Energy Plc ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that Apnea Holdings Pty Ltd, a company wholly-owned by the Company's CEO and Director, Thomas Kelly, purchased 205,103 ordinary shares of 0.2p each in the Company ("Shares") on the market on Friday, 18 September 2020 at a price 4.8475p per Share.

 

Mr Kelly now has an interest in 88,888,888 Shares, representing 18.16% of the Company's current issued share capital. 

 

Empyrean CEO Tom Kelly commented "I believe that the team here at Empyrean has done an excellent job in developing and de-risking our world-class oil exploration prospects, Jade and Topaz, at Block 29-11 offshore China. The transformational potential of these very significant targets - with P10 oil in place estimates by Gaffney Cline of over 1.2 billion barrels - is very compelling. I hope that holding 88,888,888 shares will help to bring good fortune and good luck to the Company and, in particular, its China prospects."

 

**ENDS**

 

 

For further information:

 

Empyrean Energy plc

 

Tom Kelly

Tel: +61 8 9146 5325

 

 

 

 

Cenkos Securities plc

 

Neil McDonald

Tel: +44 (0) 131 220 9771

Pete Lynch

Tel: +44 (0) 131 220 9772

 

 

 

 

 

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

Apnea Holdings Pty Ltd

2.

Reason for the Notification

a)

Position/status

Person closely associated with Thomas Kelly, CEO of Empyrean

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Empyrean Energy plc

b)

LEI

-

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 the Financial instrument, type of instrument

Ordinary Shares of 0.2p each ("Ordinary Shares")

Identification code

GB00B09G2351

b)

Nature of the Transaction

On market purchase of ordinary shares

c)

Price(s) and volume(s)

Price

Volume

4.8475p per Share

205,103

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

18 September 2020

f)

Place of the transaction

London Stock Exchange, AIM (LON:EME)

 

 

 

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END
 
 
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