Director/PDMR Shareholding

RNS Number : 5208T
Zenith Energy Ltd
25 March 2021
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

 

March 25, 2021

       

 

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Director/ PDMR Shareholding

Zenith Energy Ltd. ("Zenith" or the "Company") (LSEZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, announces that its Chief Executive Officer, Mr. Andrea Cattaneo, has notified the Company that yesterday, March 24, 2021, he purchased a total of 3,500,000 common shares of no par value ("Common Shares") in the capital of the Company at an average price of NOK 0.1210 per Common Share (equivalent to approximately £0.01)  on the Euronext Growth of the Oslo Stock Exchange. 

 

Following the aforementioned dealing, Mr. Cattaneo is directly beneficially interested in a total of 61,484,115 common shares in the capital of the Company, representing 5.28 percent of the total issued and outstanding common share capital of the Company.

 

Further Information:

Zenith Energy Ltd 

 

Andrea Cattaneo, Chief Executive Officer

Tel: +1 (587) 315 9031

 

E-mail:  info@zenithenergy.ca

Allenby Capital Limited - Financial Adviser & Broker

 

Nick Harriss

Nick Athanas

Tel: + 44 (0) 203 328 5656

 

Notes to Editors

Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).

Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.

 

 

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 & President 

 

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 of No Par Value

 

 

 

Identification code

CA98936C1068

 

b)

Nature of the transaction

Purchase of Common Shares  

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

NOK 0.1210

3,500,000

 

d)

Date of the transaction(s)

March 24, 2021

 

e)

Place of the transaction

 Off Market

 

 

 

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