Last checked at 21 Sep 2020 07:00
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas
Â
Empyrean Energy PLC
PDMR Notification
Â
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.
Â
Mr Kelly now has an interest in 88,888,888 Shares, representing 18.16% of the Company's current issued share capital.
Â
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."
Â
**ENDS**
Â
Â
For further information:
Â
Empyrean Energy plc | Â |
Tom Kelly | Tel: +61 8 9146 5325 |
 |  |
 |  |
Cenkos Securities plc | Â |
Neil McDonald | Tel: +44 (0) 131 220 9771 |
Pete Lynch | Tel: +44 (0)Â 131 220 9772 |
 |  |
 |  |
Â
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) | |
Â
Â
Â