23 Apr 2019 15:23
STERLING ENERGY PLC
PDMR Dealings
Sterling Energy Plc ("Sterling" or the "Company"), the AIM listed oil and gas exploration company with a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects, announces that Waterford Finance & Investment Limited, (an entity owned by the Kroupeev Family Trust which Michael Kroupeev, non-executive chairman is a beneficiary of), sold 500,000 ordinary shares on 18 April 2019 of £0.10 each in the Company at 11.6 pence per share. As a result of this trade, Michael Kroupeev is now beneficially interested in 64,315,517 shares, representing approximately 29.2% of the Company's issued share capital.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Michael Kroupeev | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-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 | Sterling Energy Plc | ||||
b. | LEI | 21380028BFDFJK8BRX92 | ||||
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 £0.10 per share par value
GB00B4X3Q493 | ||||
b. | Nature of the transaction | Disposal of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
500,000 11.6p | ||||
e. | Date of the transaction | 18 April 2019 | ||||
f. | Place of the transaction | London Stock Exchange, AIM
| ||||
Sterling Energy Plc | Tel: +44 (0) 20 7405 4133 |
David Marshall, Chief Executive Officer Michael Kroupeev (Chairman) | |
Peel Hunt LLP | Tel: +44 (0) 20 7418 8900 |
Richard Crichton James Bavister
www.sterlingenergyplc.com
|
Ticker Symbol: SEY |