Director/PDMR Shareholding

RNS Number : 7037F

Zenith Energy Ltd

22 February 2018

 

February 22, 2018 

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), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that Mr. Andrea Cattaneo, Chief Executive Officer and President of the Company, has purchased a total of 325,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of £0.068 per Common Share. Mr. Cattaneo purchased a total of 225,000 Common Shares on February 20, 2018. Today, Mr. Cattaneo has purchased a total of 100,000 Common Shares.

Following the aforementioned purchases, Mr. Cattaneo is directly beneficially interested in a total of 4,395,116 Common Shares in the capital of the Company, representing 2.77 per cent of the total issued and outstanding common share capital of the Company. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.79 per cent of the Company's issued share capital. 

For further information please contact:

Zenith Energy Ltd.  

Andrea Cattaneo 

Chief Executive Officer 

E-mail: [e-mail]

Tel: [phone]

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon  Kate Rogucheva Tel: [phone]

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Telephone: [phone]

Daniel Stewart & Company Plc - (Joint Broker)

Robert Emmet- Corporate Broking

Nikhil Varghese- Corporate Finance 

Telephone:   + 44 (0) 207 776 6550

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

Telephone:   + 44 (0) 203 328 5656

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 of the financial instrument, type of instrument	Common Shares
	Identification code	CA98936C1068
b)	Nature of the transaction	Purchase of Common Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.0670	100000
		£0.0680	100000
		£0.0690	25000
		£0.0695	100000
d)	Aggregated information
	Aggregated volume	325000
	Aggregated price	£0.068231
e)	Date of the transaction(s)
		February 20, 2018
		February 22, 2018
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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