20 Feb 2020 07:00
20 February 2020
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Director/PDMR Shareholdings
Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, with the ambition to grow in South America, announces that further to the "Corporate Presentation, Issue of Equity and TVR" announcement released at 7.00 a.m. on 13 February 2020 with RNS Number: 8288C, the 15,169,886 Executive Management Shares issued to certain Directors and Executive Managers in lieu of salaries under Executive Salary Scheme were admitted to trading on AIM today along with the 9,500,000 Contractor Shares.
The Company expects that the Executive Management Shares will, for accounting purposes, be issued at a price of 2.27p per share to the following Directors and Senior Managers of Columbus such price being equal to the closing share price on the day before issuance. The number of Executive Management Shares issued, as set out below, was calculated using a fixed share price therefore the timing of issuance of Executive Management Shares is not relevant to the number of Remuneration Shares issued.
Director / PDMR name | New Ordinary Shares issued | Number of Ordinary Shares currently held | % of Enlarged Issued Share Capital |
Leo Koot | 12,437,930 | 700,000 | 1.5% |
Gelco Energy Inc | 2,731,956 | 5,916,803 | 0.99% |
The relevant Executive Management members have stated that they have no intention of selling the Executive Management Shares in the near future.
The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
The defined terms used in this announcement have the same meaning as ascribed to them in the "Corporate Presentation, Issue of Equity and TVR" announcement released at 7.00 a.m. on 13 February 2020 with RNS Number: 8288C
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Contact Information
Columbus Energy Resources plc Leo Koot / Gordon Stein / Tony Hawkins | +44 (0)20 7203 2039 |
VSA Capital Limited Financial Adviser and Broker Andrew Monk / Andrew Raca | +44 (0)20 3005 5000 |
Beaumont Cornish Limited Nominated Adviser Roland Cornish / Rosalind Hill Abrahams | +44 (0)20 7628 3396 |
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. In Trinidad, the Columbus Energy group has five producing fields, one appraisal/development project and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. In Suriname, the Company has recently secured an onshore appraisal/development project. Columbus aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.
Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.
The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business.
To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP.
Appendix 1 - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Leo Koot | ||||
2 | Reason for notification | |||||
a) | Position / status | Executive Chairman | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Columbus Energy Resources plc | ||||
b) | LEI | 213800WBO186NYERMZ91 | ||||
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 Identification code | Ordinary Shares of 0.05p each
ISIN: GB00BDGJ2R22 | ||||
| Nature of the transaction | Issue of Shares under Executive Salary Scheme
| ||||
| Price(s) and volumes(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2020-02-20 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gelco Energy Inc | ||||
2 | Reason for notification | |||||
a) | Position / status | Managing Director, Trinidad | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Columbus Energy Resources plc | ||||
b) | LEI | 213800WBO186NYERMZ91 | ||||
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 Identification code | Ordinary Shares of 0.05p each
ISIN: GB00BDGJ2R22 | ||||
| Nature of the transaction | Issue of Shares under Executive Salary Scheme
| ||||
| Price(s) and volumes(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2020-02-20 | ||||
f) | Place of the transaction | Outside a trading venue | ||||