Last checked at 21 Sep 2020 07:00
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 |
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Tom Kelly | Tel: +61 8 9146 5325 |
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Cenkos Securities plc |
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Neil McDonald | Tel: +44 (0) 131 220 9771 |
Pete Lynch | Tel: +44 (0) 131 220 9772 |
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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) | |