Director/PDMR Purchase of Shares

RNS Number : 0627Z

Serinus Energy PLC

19 May 2021

 

19 May 2021

Press Release

Director/PDMR Purchase of Shares

Jersey, Channel Islands, 19 May 2021 --   Serinus Energy plc ("the Company") has been informed of the following purchases of Ordinary Shares in the Company made on 18 May 2021 by certain Directors:

Jeffrey Auld, President and Chief Executive Officer of the Company, purchased an aggregate of 384,615 Ordinary Shares in the Company at an average price of 2.6 pence per Ordinary Share. Following the purchase, Mr. Auld's total shareholding in the Company comprises 2,941,781 Ordinary Shares, representing 0.2579% per cent of the Issued Share Capital of the Company.

Andrew Fairclough, Chief Financial Officer of the Company, purchased 198,412 Ordinary Shares in the Company at a price of 2.52 per Ordinary Share. Following the purchase, Mr. Fairclough's total shareholding in the Company comprises 1,080,533 Ordinary Shares, representing 0.0947 per cent of the Issued Share Capital of the Company.

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	[phone]
A rden Partners plc (Nominated Adviser & Joint Broker) Paul Shackleton / Dan Gee-Summons (Corporate Finance) Tim Dainton (Equity Sales)	[phone]
Shore Capital Stockbrokers Limited (Joint Broker) Toby Gibbs / John More (Corporate Advisory) Jerry Keen (Corporate Broking)	[phone]
Camarco (Financial PR - London) Owen Roberts Phoebe Pugh	[phone]
TBT i Wspólnicy (Financial PR - Warsaw) Katarzyna Terej	[phone]

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	Det ails  of  the  person  discharging  managerial  responsibilities  /  person  closely associated Reason for thenotification
a)	Name		Jeffrey Auld Andrew Fairclough
2	Re ason for thenotification
a)	Position/status		Chief Executive Officer Chief Financial Officer
b)	I nitial notification /Amendment		Initial Notification
3	Det ailsoftheissuer,  emissionallowancemarketparticipant,auctionplatform, auctioneerorauction monitor
a)	Na me			Serinus Energy Plc
b)	L E I			549300W183KUX62DVI32
4	Det ailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted
a)	De scriptionof  the financialinstrument,type ofinstrument I d e ntification code			Ordinary Shares of no par value  JE00BF4N9R98
b)	Na tureofthetransaction			Purchase of Ordinary Shares
c)	Price(s) and volume(s)	PDMR Volume Strike price (GBP) Jeffrey Auld 384,615 £0.026 Andrew Fairclough 198,412 £0.0252
d)	A ggregated information -  A ggregated volume -  Price	PDMR Volume Total aggregate value at strike price (GBP) Jeffrey Auld 384,615 £10,000 Andrew Fairclough 198,412 £5,000
e)	Date of the transaction	18 May 2021
f)	Place of the transaction	AIM

 

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